Receivable Officer

About the role:

We are seeking a candidate for the position of Receivable Officer. This role involves managing Lumi's accounts receivable processes, which include maintaining accurate financial records, resolving customer inquiries, and assisting the finance team in achieving operational and organizational goals.

Key Responsibilities:

• Prepare and issue invoices to customers at the end of rental periods or on specified billing dates.
• Verify invoice accuracy, ensuring rental details, fees, and taxes are correctly recorded.
• Send reminders for overdue or unpaid invoices and follow up with customers to secure payments.
• Respond to customer inquiries related to invoices and payments.
• Match received payments against outstanding invoices and process necessary adjustments.
• Generate and analyze periodic accounts receivable reports, highlighting overdue accounts.
• Assess customers’ financial status to identify potential collection risks.
• Take appropriate collection actions, including direct communication with customers or scheduling payment plans.
• Perform financial reconciliations to maintain accurate records.
• Provide guidance and on-the-job training to junior colleagues, ensuring knowledge sharing and team efficiency.
• Follow all relevant departmental policies, processes, and standard operating procedures to ensure consistency and compliance.
• Contribute to continuous improvement initiatives to enhance efficiency, sustainability, and cost-effectiveness.
• Prepare timely and accurate departmental reports and statements in line with company requirements and quality standards.

Requirements and Skills:

• Bachelor’s degree in Accounting or Finance.
• Minimum 1–2 years in accounts receivable, billing, or finance operations.
• Experience with the SAP system.
• Proficient in accounting software and Microsoft Office Excel.
• Strong understanding of invoicing, collections, reconciliations, and financial reporting.
• Ability to analyze financial data, identify discrepancies, and solve problems efficiently.
• High attention to detail, ensuring accuracy in all financial records and transactions.