If you're trying to use the opportunity to see your own abilities and see if your friend would be interested, here is some input from an artist that collaborates with their writer BF from time to time.
1- Do you have a close relationship to your artist friend? Like, casual and not that you barely talk with each other.
2- Did you ask your artist friend what they consider a one-shot?
3- Did you ask them how they envision it? Amount of panels, genre of the story and so on.
4- Are you sure they are seeking for a writer or are they trying to make a one-shot on their own about what they personally want?
5- Do your interests and your friends interest align enough to have something that'll motivate both of you equally?
Those are questions on the first hand that you may have to ask yourself first and then taint the terrain to see if your friend would be interested in doing with someone or if they want to go solo.
In the hypothetical case that they are seeking to work with someone and they seem to be ok to work with you, then:
1- Based on the info they provided you, you'll have to make a story that fits in the amount of panels/pages they consider a one-shot.
2- As you talk with your friend, you'll write the script, they'll have to revise it so both like what you're making and also that is viable to be drawn afterwards
3- Talking together about character designs and such, keeping ideas equal
4- Provide help when they start drawing, be it help them understand the script with storyboards, keeping dialogue and narration text clean and corrected so they simply have to copypaste it when the lettering phase starts.
If you feel unconfident about your writing, personally I would recommend to not involve another person or take them as a way to challenge yourself. Your friend is not going to be confident for the both of you, and they'll have quite the mayority of the work in their plate. If you feel the expectations and pressure are too much for you, then maybe it'll be ok to say no for now until you polish your abilities until you feel a bit more confident in them