Collections Analyst

Collections Analyst

Brentwood Full-Time 28800 - 43200 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our Debt Management team to collect outstanding business debts and support clients effectively.
  • Company: RSM is a leading consulting firm focused on delivering tailored solutions for middle market clients.
  • Benefits: Enjoy flexible working, extensive training resources, and a supportive team environment.
  • Why this job: Make a real impact while developing your skills in a dynamic and diverse workplace.
  • Qualifications: Ideal candidates are proactive, resilient, and have experience in customer service or debt collection.
  • Other info: We value diversity and inclusion, ensuring everyone feels they belong at RSM.

The predicted salary is between 28800 - 43200 £ per year.

Consulting brings together multiple teams across Transactions, Risk & Consulting, ABA, and Outsourcing to provide client-centric solutions for RSM\’s current and future clients within the middle market. Our Consulting team has a major role to play in driving forward the growth of the firm with over 1,700 people delivering almost £200m revenue. At the heart of Consulting are the six solutions we offer our clients: business transformation, deal services, finance function support, risk and governance, forensic and investigation services, and restructuring. Our solutions create an enhanced tailored approach to support our clients in achieving their strategic goals and empower our people to make an impact and develop their own unique career path. About the role Our Creditor Services team are licensed insolvency practitioners and one of the UK\’s largest bankruptcy appointment takers, we have a large creditor services team which help SMEs, banks, utilities companies, local authorities and professional practices. Our debt collection service team are trained financial professionals supported by licensed insolvency practitioners. We are looking for an Analyst to support our Debt Management team. You will have the opportunity to advance your knowledge, develop your technical skills, and put this into practice as part of a growing team. The Analyst will support the team in maximising recoveries on behalf of a portfolio of clients whilst ensuring internal and external compliance protocols are met. Responsibilities Effectively collect outstanding business to business debt by phone and in writing in a busy department. Dealing with own portfolio of cases. Conduct investigations into customer\’s affairs, i.e, asset position and identifying business distress and associated trigger points. Identify potential cases for further action, be it legal escalation or an internal referral. Provide weekly, monthly and adhoc updates and reporting to clients and analysis of debt to Managers. Ensure that defined debt management processes are followed with a continual improvement mindset communicating with management teams to provide updates and with an aim to improve efficiencies across the department. Minimise any potential complaints – and where they do occur deal with these in line with the agreed procedures. Meet regular targets that are set both within your team and the department. Understanding and having the ability to adopt approaches towards different customers according to the situation. Have a good understanding of the way to identify and deal with Care/Vulnerable customers and assist them as best you can. Maintain awareness of Treating Customers Fairly when communicating with customers. Assisting with other departments if and when necessary, including upselling of internal portfolio risk products. Consider the use of data and analytics and how it can be used to drive efficiencies and deliver a premium service to our clients. Personal and professional qualities The team will support your training to be successful in the position. We also have a number of learning programs and online modules, we provide a training suite with over 300 courses that are accessible on demand to help you develop further. We are looking for a proactive and forward thinking individual who is able to work independently as well as part of a team. This role would suit someone who is resilient with strong negotiation skills. Experience of working in a telephone-based role, either within debt collection, customer services or sales. An insolvency-based background would be beneficial. Understanding of business to business debt collection. Previous experience of working with clients within the utilities sector would be beneficial. Studying for Institute of Credit Management would be advantageous. Effective use of IT including Excel, Word and PowerPoint. Maintains high professional standards of conduct and practice. Able to organise and manage time efficiently and effectively whilst being flexible. Awareness of TCF, Lending Standards Board. Excellent written and verbal communication skills. Ability to multitask and work in a fast-paced environment is essential. Diversity and Inclusion at RSM At RSM, we want to create a strong sense of belonging so that people of all identities, backgrounds, and cultures feel they can bring their true self to work. Our clients come from all walks of life. We aim to achieve that same diversity of background, experience and perspective in our own teams, so that we can genuinely understand our client\’s needs. Diverse teams bring a broader range of ideas and insights to work. That\’s why we\’re working together to ensure our firm\’s principles and processes support a firm culture that embraces difference and strengthens inclusion. At RSM we work hard to create an environment where our people can make a difference – to themselves, their career, their teams, and to the success of our firm and clients. We support all our people to work flexibly, to manage their family and other responsibilities alongside their work commitments; we believe this is key to achieving an inspiring and fulfilling working environment. #J-18808-Ljbffr

Collections Analyst employer: RSMUK

RSM is an exceptional employer that prioritises employee growth and development, offering a wealth of training resources and a supportive work culture. As part of our dynamic Consulting team in the UK, you will have the opportunity to make a meaningful impact while working alongside skilled professionals in a diverse environment that values inclusion and flexibility. Join us to advance your career in a role that not only challenges you but also empowers you to contribute to our clients' success.
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Contact Detail:

RSMUK Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Collections Analyst

✨Tip Number 1

Familiarise yourself with the debt collection process and the specific challenges faced in business-to-business scenarios. Understanding the nuances of this sector will help you stand out during interviews.

✨Tip Number 2

Network with professionals in the insolvency and debt collection fields. Attend industry events or join relevant online forums to gain insights and make connections that could lead to referrals.

✨Tip Number 3

Demonstrate your negotiation skills by preparing examples of past experiences where you've successfully resolved disputes or collected debts. Be ready to discuss these in detail during your interview.

✨Tip Number 4

Stay updated on the latest regulations and best practices in debt collection and customer treatment. Showing that you are knowledgeable about Treating Customers Fairly (TCF) can set you apart from other candidates.

We think you need these skills to ace Collections Analyst

Debt Collection Techniques
Negotiation Skills
Analytical Skills
Customer Relationship Management
Compliance Awareness
Time Management
Effective Communication Skills
Problem-Solving Skills
Data Analysis
Understanding of Vulnerable Customers
IT Proficiency (Excel, Word, PowerPoint)
Resilience
Attention to Detail
Ability to Work Independently and as Part of a Team
Knowledge of Business to Business Debt Collection

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in debt collection, customer service, or sales. Emphasise any specific skills that align with the role, such as negotiation skills and familiarity with business-to-business debt collection.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Collections Analyst position. Mention how your background and skills make you a great fit for the role, and provide examples of how you've successfully managed similar responsibilities in the past.

Showcase Your Communication Skills: Since excellent written and verbal communication skills are essential for this role, ensure your application is free from errors and clearly conveys your points. Use professional language and structure your writing logically.

Highlight Your Analytical Abilities: Given the importance of data and analytics in this role, mention any experience you have with data analysis or reporting. Discuss how you've used data to drive efficiencies or improve processes in previous roles.

How to prepare for a job interview at RSMUK

✨Understand the Role

Make sure you have a solid grasp of what a Collections Analyst does. Familiarise yourself with debt collection processes, compliance protocols, and the importance of customer communication. This will help you answer questions confidently and demonstrate your interest in the role.

✨Showcase Your Negotiation Skills

Since strong negotiation skills are crucial for this position, prepare examples from your past experiences where you successfully negotiated outcomes. Be ready to discuss how you handle difficult conversations and resolve conflicts effectively.

✨Demonstrate Your Analytical Abilities

The role involves using data and analytics to drive efficiencies. Be prepared to discuss any relevant experience you have with data analysis, especially in relation to debt management or financial services. Highlight your proficiency in tools like Excel to showcase your analytical skills.

✨Emphasise Your Customer-Centric Approach

Understanding and treating customers fairly is key in this role. Prepare to talk about how you’ve handled vulnerable customers in the past and how you ensure a positive experience while collecting debts. This will show that you align with the company's values.

Collections Analyst
RSMUK
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