Accounts Receivable Executive Lucky Petroleum Karachi

Lucky Petroleum has announced a new career opportunity for the position of Accounts Receivable Executive at its Head Office in Karachi, Pakistan. The company is seeking a qualified and experienced accounting professional to manage customer receivables, maintain accurate financial records, perform account reconciliations, and support invoicing and collection-related activities.

This opportunity is suitable for candidates with 2 to 4 years of relevant experience in accounts receivable, customer accounting, invoicing, or bank reconciliation. Applicants with experience in Oil Marketing Companies (OMCs), petroleum distribution, FMCG, or other high-volume trading businesses will be preferred.

Candidates holding a bachelor’s degree in Accounting, Finance, Commerce, or Business Administration are eligible to apply. Part-qualified or qualified ACCA, ICMA, or equivalent professional qualifications will be considered an advantage.

Interested candidates can submit their updated CV to [email protected] with the subject line “Accounts Receivable Executive”.

Lucky Petroleum Accounts Receivable Executive Job Details 2026

About Lucky Petroleum

Lucky Petroleum operates in the Oil Marketing Company (OMC) and petroleum distribution industry in Pakistan.

The advertised Accounts Receivable Executive position is based at the company’s Head Office in Karachi and forms part of its finance and accounting operations.

In petroleum distribution businesses, accurate customer accounting is essential because transactions can involve frequent product dispatches, customer credit arrangements, high-value invoices, and regular payment collections.

An effective accounts receivable function helps maintain financial accuracy, monitor outstanding customer balances, support cash flow management, and ensure that invoices and receipts are properly recorded.

The selected candidate will play an important role in supporting these activities.

Accounts Receivable Executive Job Responsibilities

The selected candidate will be responsible for maintaining accurate customer accounts, processing invoices, reconciling financial transactions, and supporting effective receivables management.

1. Customer Ledger and Accounts Receivable Management

The Accounts Receivable Executive will maintain customer financial records and ensure that outstanding balances are accurately reflected in the accounting system.

Key responsibilities include:

• Prepare and maintain customer ledgers.
• Maintain accurate accounts receivable records.
• Record customer invoices, receipts, credit notes, debit notes, and adjustments.
• Monitor customer outstanding balances.
• Ensure customer transactions are properly recorded in the ERP or accounting system.
• Support accurate and timely financial reporting.

2. Customer Account Reconciliation

The selected candidate will perform periodic reconciliations to ensure that customer account balances match supporting financial records.

Responsibilities include:

• Reconcile customer ledgers with customer statements.
• Verify and confirm outstanding balances.
• Identify differences between company records and customer statements.
• Investigate discrepancies relating to invoices and receipts.
• Review credit notes, debit notes, and accounting adjustments.
• Coordinate with relevant departments to resolve reconciliation issues.
• Maintain proper documentation of reconciliation activities.

Accurate reconciliation helps reduce accounting errors and improves the reliability of customer receivables.

3. Receivables Ageing and Financial Reporting

The position involves preparing regular reports to help management monitor outstanding customer balances and collections.

The selected candidate will:

• Prepare daily customer-wise receivables reports.
• Generate accounts receivable ageing reports.
• Prepare daily fund reports.
• Monitor overdue customer balances.
• Maintain accurate records of outstanding receivables.
• Provide relevant financial information to the Finance Manager and Chief Financial Officer.

An accounts receivable ageing report categorizes outstanding invoices according to how long they have remained unpaid, such as 0–30 days, 31–60 days, 61–90 days, and over 90 days.

These reports help finance teams identify overdue payments and monitor collection performance.

4. Bank Reconciliation and Customer Collections

The Accounts Receivable Executive will reconcile bank statements and identify customer payment transactions.

Responsibilities include:

• Reconcile bank statements with accounting records.
• Identify customer receipts and collections.
• Verify online bank transfers.
• Track cheque deposits.
• Review other customer payment transactions.
• Investigate unmatched bank entries.
• Ensure receipts are accurately allocated to relevant customer accounts.

This responsibility requires strong attention to detail and a clear understanding of banking and accounting procedures.

5. Customer Code Creation and ERP Master Data Management

The selected candidate will support the creation and maintenance of customer records in the ERP or accounting system.

Key responsibilities include:

• Receive requests for new customer code creation.
• Ensure customer codes are created only after approval from authorized personnel.
• Verify customer registration documents.
• Review NTN and CNIC details.
• Verify sales tax registration information where applicable.
• Check customer business details and contact information.
• Confirm approved customer credit terms.
• Identify and prevent duplicate customer records.
• Maintain accurate customer master data.
• Keep proper records of customer code creation and amendments.

Maintaining accurate customer master data helps prevent duplicate billing, incorrect transactions, and financial reporting issues.

6. Customer Invoicing and Billing

The Accounts Receivable Executive will prepare and process invoices using approved sales and dispatch documentation.

Responsibilities include:

• Prepare invoices based on approved sales orders.
• Verify delivery documents and dispatch records.
• Check applicable product pricing.
• Confirm customer details before invoice issuance.
• Verify product quantities and rates.
• Calculate and review applicable taxes.
• Check billing adjustments and other relevant charges.
• Maintain complete invoice records.
• Ensure invoices comply with applicable tax and accounting requirements.

7. Verification of Supporting Documents

The selected candidate will ensure that invoices are supported by appropriate transaction documents.

These may include:

• Approved sales orders.
• Delivery challans.
• Product lifting records.
• Product dispatch documentation.
• Proof of delivery.
• Approved pricing records.
• Other relevant billing documents.

Proper documentation supports accurate billing, internal controls, and financial audits.

8. Tax Compliance and Financial Documentation

The role also requires maintaining accurate records in accordance with applicable taxation and invoicing requirements.

The selected candidate will:

• Verify applicable taxes on customer invoices.
• Maintain proper invoice documentation.
• Support compliance with relevant tax requirements.
• Ensure billing information is complete and accurate.
• Maintain organized records for review and audit purposes.

Eligibility Criteria for Lucky Petroleum Jobs 2026

Candidates interested in applying for this position should meet the following educational, professional, and technical requirements.

Educational Qualification

Applicants must possess a bachelor’s degree in one of the following disciplines:

• Accounting
• Finance
• Commerce
• Business Administration

Candidates holding equivalent relevant qualifications may be considered according to the company’s recruitment criteria.

Preferred Professional Qualifications

The advertisement states that candidates with the following qualifications will have an advantage:

• ACCA (Association of Chartered Certified Accountants)
• ICMA / Management Accounting qualification
• Equivalent professional accounting qualifications

Both part-qualified and fully qualified candidates are encouraged to apply if they meet the other job requirements.

Professional Experience

Candidates must have 2 to 4 years of relevant professional experience in one or more of the following areas:

• Accounts receivable management
• Customer accounting
• Customer invoicing
• Bank reconciliation
• Customer ledger maintenance
• Receivables reporting
• Accounting operations

Experience in an OMC, petroleum distribution company, FMCG business, or another high-volume trading organization will be preferred.

Required Technical Skills

1. Microsoft Excel

Applicants should have strong working knowledge of MS Excel, particularly:

• VLOOKUP and other lookup functions.
• PivotTables.
• Data filtering and sorting.
• Reconciliation schedules.
• Financial reporting spreadsheets.
• Customer ageing analysis.

Knowledge of XLOOKUP, SUMIFS, and other advanced Excel functions may also be useful.

2. ERP and Accounting Software

Practical experience with ERP or accounting software is required.

The advertisement specifically mentions:

• SAP
• Oracle
• Equivalent ERP or accounting systems

Candidates should be comfortable working with customer accounts, invoicing transactions, receipts, and financial records in computerized accounting systems.

3. Accounting and Taxation Knowledge

Applicants should understand:

• Basic accounting principles.
• Accounts receivable accounting.
• Customer ledger management.
• Bank reconciliation procedures.
• Receivables ageing.
• Invoice processing.
• Applicable taxation requirements.
• Financial documentation and internal controls.

What Is an Accounts Receivable Executive?

An Accounts Receivable Executive is an accounting professional responsible for managing money owed to a company by its customers.

The role involves recording sales invoices, tracking customer payments, maintaining ledgers, reconciling financial records, and preparing reports on outstanding balances.

For example, if a petroleum distributor supplies fuel worth Rs. 2,000,000 to a customer on credit, the Accounts Receivable Executive ensures that the invoice is properly recorded and the customer’s outstanding balance is accurately reflected.

If the customer later pays Rs. 1,200,000, the payment must be recorded and reconciled with the relevant bank transaction.

The remaining receivable would be Rs. 800,000, assuming there are no other adjustments.

This process helps the company maintain reliable financial records and monitor customer collections.

Why Is Accounts Receivable Important in the Petroleum Industry?

Accounts receivable management is particularly important in petroleum distribution because companies may process large transaction values and supply products to customers under approved credit arrangements.

Effective receivables management helps organizations:

• Monitor outstanding customer balances.
• Maintain accurate billing and payment records.
• Identify overdue receivables.
• Improve financial visibility.
• Reduce reconciliation errors.
• Support cash flow planning.
• Maintain compliance with accounting and taxation requirements.

An experienced Accounts Receivable Executive contributes to the accuracy and efficiency of these financial processes.

Salary and Employment Benefits

The official recruitment advertisement does not mention the salary package for the Accounts Receivable Executive position.

Compensation may depend on the selected candidate’s qualifications, relevant experience, and company policies.

Additional benefits such as medical insurance, provident fund, bonuses, and allowances have not been specified.

Candidates can seek clarification regarding compensation and employment benefits during the recruitment process.

How to Apply for Lucky Petroleum Accounts Receivable Executive Jobs 2026

Interested candidates can apply directly through email.

Step 1: Prepare Your Updated CV

Create a professional CV highlighting your education, accounting experience, technical skills, and relevant achievements.

Step 2: Highlight Relevant Experience

Clearly mention experience in customer accounting, receivables management, invoicing, bank reconciliation, ERP systems, and MS Excel.

Step 3: Compose an Application Email

Address your application to the Lucky Petroleum recruitment team.

Step 4: Use the Correct Subject Line

Write the following subject exactly as specified:

Accounts Receivable Executive

Step 5: Attach Your CV

Attach your updated CV, preferably in PDF format.

Step 6: Send Your Application

Submit your application to:

[email protected]

The advertisement does not specify an application deadline, so interested candidates should apply promptly.

Sample Job Application Email

Subject: Accounts Receivable Executive

Dear Hiring Manager,

I am writing to apply for the position of Accounts Receivable Executive at Lucky Petroleum, Karachi.

I have a background in accounting and finance, with relevant knowledge of accounts receivable management, customer ledger reconciliation, invoicing, and financial reporting.

I am interested in contributing my accounting and analytical skills to your finance team.

Please find my updated CV attached for your consideration. I would welcome the opportunity to discuss my suitability for this position.

Thank you for your time and consideration.

Best regards,
[Your Full Name]
[Your Contact Number]

Applicants should customize this email to reflect their actual qualifications and professional experience.

Who Should Apply for This Position?

This opportunity may be suitable for candidates currently working as:

• Accounts Receivable Executives
• Accounts Officers
• Finance Executives
• Customer Accounting Officers
• Billing Executives
• Bank Reconciliation Officers
• Accounts Assistants with Relevant Experience
• Finance and Accounting Professionals

Candidates with 2 to 4 years of experience in high-volume accounting environments, particularly petroleum distribution, FMCG, or trading businesses, may be especially well suited to the position.

Tips to Improve Your Chances of Selection

Applicants should prepare a targeted CV that clearly demonstrates their accounting expertise.

Highlight practical experience in customer ledger maintenance, invoice processing, bank reconciliation, accounts receivable ageing, and ERP-based financial transactions.

Where possible, mention measurable achievements, such as the number of customer accounts managed, monthly invoice volumes processed, reconciliation accuracy improvements, or reductions in unresolved accounting differences.

Candidates should also prepare for interview questions involving:

• Customer ledger reconciliation.
• Accounts receivable ageing reports.
• Bank reconciliation procedures.
• Credit notes and debit notes.
• Customer code creation in ERP systems.
• Invoice verification.
• Applicable taxation requirements.
• Excel lookup functions and PivotTables.

Demonstrating practical knowledge of these areas may help candidates perform confidently during the selection process.

Frequently Asked Questions (FAQs)

1. What position is available at Lucky Petroleum?

Lucky Petroleum is hiring an Accounts Receivable Executive for its Head Office in Karachi.

2. What qualification is required?

Candidates must possess a bachelor’s degree in Accounting, Finance, Commerce, or Business Administration.

3. How much experience is required?

Applicants should have 2 to 4 years of relevant experience in accounts receivable, customer accounting, invoicing, or bank reconciliation.

4. Are ACCA and ICMA candidates eligible?

Yes. Part-qualified or qualified ACCA, ICMA, or equivalent professional qualifications will be considered an advantage.

5. Is petroleum industry experience mandatory?

The advertisement states that experience in OMCs, petroleum distribution, FMCG, or other high-volume trading businesses will be preferred. It is not explicitly listed as mandatory.

6. What software skills are required?

Candidates should have proficiency in MS Excel and practical experience with ERP or accounting systems such as SAP, Oracle, or equivalent software.

7. Where is the job located?

The position is based at Lucky Petroleum’s Head Office in Karachi, Pakistan.

8. What is the salary package?

The salary has not been disclosed in the advertisement.

9. What is the last date to apply?

No application deadline has been mentioned in the provided advertisement.

10. How can candidates apply?

Candidates can email their updated CV to [email protected] using the subject line Accounts Receivable Executive.

[email protected]