Logistics Accountant

Job description

Description

Tasks & Responsibilities:

Payment Processing:

·       Manage the payment process for transporters and logistics suppliers, ensuring that invoices are accurate and in compliance with contractual agreement

·       Verify and reconcile invoices with purchase orders, delivery receipts and other relevant documents.

·       Prepare payment batches and coordinate with the finance department to ensure timely payment

·       Address any discrepancies or issues related to supplier invoices and payments.

Expense Tracking:

·       Maintain a detailed record of all expenses related to logistics operations, including transportation costs, warehousing fees, fuel expenses and other logistics-related expenditures.

·       Categorize and allocate expenses accurately to the appropriate cost centers or projects.

Vendor and Supplier Relations:

·       Foster positive relationships with transporters and logistics suppliers.

·       Communicate suppliers regarding payment status, inquiries, and dispute resolution.

·       Negotiate payment terms and agreements  that are favorable to Dangote Logistics while maintaining strong partnerships

     Financial Reporting:·       

·       Prepare financial reports related to logistics expenses, payment schedules, and outstanding liabilities.

·       Provide regular updates to management on the financial health of the logistics department, including cash flow projections

Budgeting and forecasting:

·       Collaborate with logistics and procurement teams to develop budgets and forecasts for logistics expenses

·       Monitor actual expense against budgeted figures and analyze variances

Compliance and Documentation:

·       Ensure compliance with internal financial policies and external regulations when processing payment.

·       Maintain accurate and organized documentation of invoices, payment records, and supplier agreements for audit purposes

Cashflow Management:

·         Monitor cashflow related to logistics payments and expenses

·         Ensure that payments are made efficiently while maintaining liquidity and financial stability.

Process Improvement:

·       Continuously review and improve payment processes to enhance efficiency and accuracy.

·       Identify opportunities for automation or digitalization to streamline payment workflows.

Risk Management:

·       Identify and mitigate financial risks associated with payment processes, such as late payments or disputes with suppliers.

·       Implement controls to prevent fraud or unauthorized payments.

Reporting and Communication:

·       Communicate with internal stakeholders and management regarding payment status, financial performance, and any issues that may impact logistics operations.

Ad Hoc Analysis

·       Perform ad hoc financial analysis as requested by management to support decision -making related to logistics and transportation strategies.

Requirements
Degree in Logistics and Transport / Financial Accounting.
Minimum of 5 years progressive experience
Excellent interpersonal skills.
Benefits

·         Medical Insurance Cover

·         In-House Pension Scheme

·         Production Bonus

Life Assurance