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- Tasks: Manage credit accounts, ensure timely payments, and oversee incoming payments.
- Company: Ignition Technology is a pioneering firm in IT security and networking solutions.
- Benefits: Enjoy 24 days holiday, hybrid work, gym access, free snacks, and social events.
- Why this job: Join a supportive team, work with cutting-edge technology, and make a real impact.
- Qualifications: Experience in credit control, SAP B1, and strong organisational skills required.
- Other info: Opportunity to collaborate across departments and develop your financial expertise.
The predicted salary is between 36000 - 60000 £ per year.
This is a blended role of Credit Control and Accounts Receivable, managing the company's credit accounts and ensuring that clients pay their outstanding balances on time, whilst managing and overseeing the company's incoming payments, ensuring all receivables are accurately recorded and collected in a timely manner. This role involves invoicing customers, tracking payments, reconciling accounts, and working closely with other departments to resolve any payment-related issues.
As the Credit Control, you will:
- Monitoring Accounts: Keep track of outstanding customer balances and ensure timely payment. Review aging reports regularly to identify overdue accounts. Identify any overdue balances that require escalation to the Finance Manager for further action.
- Chasing Payments: Contact clients via phone and email to remind them of overdue payments and discuss credit limits and options to transact. Negotiate payment plans or terms with clients experiencing financial difficulties.
- Credit Assessment: Evaluate the creditworthiness of new and existing customers. Obtain approval from the Finance Manager, CFO, or COO. Propose credit limits to the Finance Manager, CFO, or COO based on credit history and financial status, via our credit agency.
- Risk Management: Identify and assess the risk of bad debt. Recommend actions such as suspending accounts or stopping the supply of goods/services to customers with poor payment records to the Finance Manager, CFO, or COO.
- Collaboration: Work with sales and external finance teams to resolve payment disputes and improve cash collection. Support the Sales Order Processing department with credit limits and final review of orders.
- Accounts Receivable duties: Create and send accurate invoices based on sales and service agreements and marketing campaigns. Ensure all invoices comply with company policies and regulatory requirements. Monitor incoming payments and accurately record them in the accounting system. Track and apply payments to the corresponding customer accounts. Reconcile customer accounts to ensure all payments are properly posted and resolve discrepancies. Address customer inquiries and disputes regarding billing, payments, or account status. Prepare and analyze aging reports to identify overdue accounts. Generate regular reports on accounts receivable status, including outstanding balances, collections progress, and potential risks.
- Import & Export management: Assist with shipping physical hardware on an ad hoc basis when ordered by a reseller. Arrange onward deliveries by courier once goods are received. Communicate delivery dates to resellers.
- Compliance and Documentation: Ensure all accounts receivable activities comply with company policies and financial regulations. Maintain organized records of all receivables, payments, and communications with customers. Onboard new vendors and customers onto the MyTrustedPartner portal.
- Management of accounts: Prepare schedules and post journals to close monthly accounts for financial review. Prepare VAT returns for review. Review weekly service numbers to accurately record revenue. Work with marketing to review funding and costs for campaigns. Assist with Accounts Payable payments.
Essential Skills and Experience:
- SAP B1 experience
- Credit control experience within a corporate organization
- Confident telephone manner
- Ability to work as part of a team and independently
- High level of accuracy and attention to detail
- Excellent organizational skills, with the ability to prioritize and manage multiple tasks
- Proficiency in Microsoft Office applications, especially Excel
- Proactive and process-oriented approach to credit control
- Use of initiative in problem-solving
Credit Control employer: Ignition Technology
Contact Detail:
Ignition Technology Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Control
✨Tip Number 1
Familiarise yourself with SAP B1, as it's a key requirement for the Credit Control role. Consider taking an online course or tutorial to boost your confidence and proficiency in using this software.
✨Tip Number 2
Brush up on your communication skills, especially over the phone and via email. Practice how to effectively chase payments and negotiate terms, as these are crucial aspects of the job.
✨Tip Number 3
Gain a solid understanding of credit assessment processes. Research how to evaluate creditworthiness and what factors influence credit limits, as this knowledge will be beneficial during interviews.
✨Tip Number 4
Network with professionals in the finance and credit control sectors. Join relevant online forums or LinkedIn groups to learn from others' experiences and gain insights into best practices in the industry.
We think you need these skills to ace Credit Control
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit control and accounts receivable. Emphasise your skills in managing outstanding balances, invoicing, and reconciling accounts, as these are key responsibilities for the role.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for working with Ignition Technology and how your background aligns with their focus on innovative IT solutions. Mention specific experiences that demonstrate your ability to manage credit accounts effectively.
Highlight Relevant Skills: Clearly outline your proficiency in SAP B1 and Microsoft Office, particularly Excel. Discuss your organisational skills and attention to detail, as these are essential for tracking payments and managing accounts accurately.
Showcase Problem-Solving Abilities: Provide examples of how you've successfully resolved payment disputes or improved cash collection in previous roles. This will demonstrate your proactive approach and ability to work collaboratively with other departments.
How to prepare for a job interview at Ignition Technology
✨Know Your Numbers
Familiarise yourself with key financial metrics and concepts related to credit control and accounts receivable. Be prepared to discuss how you would monitor outstanding balances and manage overdue accounts effectively.
✨Demonstrate Communication Skills
Since the role involves contacting clients for payment reminders, practice articulating your thoughts clearly. Prepare examples of how you've successfully negotiated payment plans or resolved disputes in the past.
✨Showcase Your Organisational Skills
Highlight your ability to manage multiple tasks and prioritise effectively. Discuss any tools or methods you use to keep track of invoices, payments, and customer communications.
✨Understand the Company’s Products
Research Ignition Technology's offerings, especially in IT security and networking solutions. Being knowledgeable about their products will help you understand the context of your role and demonstrate your interest in the company.
