Senior Credit Controller required:
Experience requires experience of providing Credit Control function to parent company and sister companies.
Full debtors analysis of aged and forecasted debtors along with credit reviews
Credit checks and implementation of end to end client journey / process.
Administer the credit control function
Ensuring all outstanding debts are collected on time
Managing credit and collections processes
Ensuring timely payment collection and minimizing credit risks
Setting targets and KPIs and implementing relevant policies and procedures
You will also contribute to maintaining a healthy cash flow and optimise company financial performance.
Establishing credit limits and evaluating the credit worthiness of clients.
Develop and implement effective credit control policies and procedures to minimize credit risk and improve collection efficiency.
Managing credit and receivable accounts to contribute to the organization's overall financial stability and profitability.
Monitoring credit exposure and minimizing bad debt risks at the organization.
Assisting in collecting delinquent accounts and applying strategies to encourage timely payments.
Maintaining positive relationships with customers, while effectively mitigating credit risks and ensuring timely collections.
Conduct regular credit reviews and reassess credit limits based on payment history and changes in creditworthiness.
Coordinating with other departments such as sales, customer service and finance to handle all credit-related matters appropriately.
Year/Period End Processing
To ensure that all accounts are reconciled as part of the Period End process and any aged debtors clearly communicated and resolved.
To prepare daily, weekly and monthly revenues for Cashflow's for submission to the wider Group.
To oversee weekly debtors reviews with the management accountant.
Process & Procedures
Monitor and manage the credit control processes, ensuring adherence to company policies and procedures.
Evaluate and assess the creditworthiness of new and existing customers through financial analysis, credit checks and payment history review.
Set appropriate credit limits for customers based on risk assessment and maintain accurate credit files and records.
Monitor customer accounts to ensure timely payments and address any payment delays or discrepancies promptly.
Engage with customers to establish payment plans, negotiate payment terms and resolve billing inquiries or disputes.
Develop and implement strategies to minimize late or non-payment by customers, including initiating collection actions and negotiating payment plans.
Generate regular reports on accounts receivable, collections and credit risk to management, highlighting areas of concern or improvement opportunities.
Stay updated on industry trends and best practices related to credit control and propose process enhancements or system improvements when necessary.
Maintain strong relationships with customers, providing excellent customer service and addressing their queries or concerns related to credit matters.
People Management skills are required
To create a team environment of financial awareness within each department through developing and training.
3+ years of experience in managing credit and accounts receivables or in a similar credit management role.
Strong knowledge of credit control principles, practices and regulations in UK
Proficiency in using financial software and credit management tools.
Excellent analytical skills with the ability to evaluate financial information, perform risk assessments and make informed credit decisions.
Knowledge of SAGE50, SAGE200.