At a Glance
- Tasks: Lead Credit Control and Sales Ledger teams to ensure accurate invoicing and debt recovery.
- Company: Join Elysium Healthcare, a stable company with over 8,000 employees in the healthcare sector.
- Benefits: Enjoy 33 days annual leave, free parking, wellbeing support, and career development opportunities.
- Why this job: Be part of a dynamic team improving financial health while making a positive impact in healthcare.
- Qualifications: Proven leadership in finance, strong analytical skills, and experience in the healthcare sector required.
- Other info: Elysium is committed to inclusive recruitment and safeguarding the welfare of service users.
The predicted salary is between 43200 - 72000 £ per year.
Introduction
Do you have proven experience leading Credit Control and Sales Ledger functions within a complex, multi-site organisation? If so, join Elysium Healthcare as the Head of Transactional Services.
As Head of Transactional Services, you will lead and manage the Credit Control and Sales Ledger teams, ensuring timely and accurate invoicing, debt recovery and financial controls.
Your primary goal will be to maintain robust financial operations, support business objectives and enhance the financial health of Elysium.
You will be critical in maintaining strong cash flow, reducing aged debt and ensuring best practices across all transactional finance operations. You will work closely with senior stakeholders across Finance, Commercial and Operational Teams to drive efficiency and improve processes.
Other responsibilities:
- Overseeing the end-to-end billing process, ensuring timely and accurate invoicing to funders, commissioners and private payers.
- Developing and implementing robust credit control policies and procedures to optimise cash collection and minimise bad debt.
- Monitoring and managing aged debt, proactively resolving issues and escalating concerns where necessary.
- Ensuring compliance with financial regulations, contractual obligations, and internal policies.
- Working closely with operational and commercial teams to resolve billing disputes and streamline processes.
- Providing regular reporting and analysis on debt position, cash flow and key performance indicators to senior management.
- Driving continuous improvement initiatives, leveraging technology and automation to enhance efficiency in transactional finance processes.
- Supporting financial audits and ensure strong internal controls are maintained.
- Developing and mentoring the transactional finance team, fostering a culture of accountability and excellence.
To be successful in this role, you will need:
- Proven experience leading Credit Control and Sales Ledger functions within a complex, multi-site organisation.
- Strong understanding of revenue cycle management, cash flow, and debt recovery strategies.
- Experience working within the healthcare sector, ideally dealing with NHS, local authorities, and private funders.
- Excellent leadership and people management skills, with experience in developing high-performing teams.
- Strong analytical and problem-solving skills, with the ability to interpret financial data and present insights to senior stakeholders (advanced or intermediate excel skills)
- Knowledge of relevant financial regulations, invoicing standards, and contractual obligations in healthcare.
- Excellent communication and stakeholder management skills, with the ability to build strong relationships across departments.
- Experience with finance systems and process automation to enhance efficiency and accuracy.
What you will get:
- A Competitive Salary
- The equivalent of 33 days annual leave (inc Bank Holidays) – plus your birthday off!
- Free parking
- Wellbeing support and activities to help you maintain a great work-life balance.
- Career development and training to help you achieve your career goals.
- Pension contribution to secure your future.
- Life Assurance for added peace of mind.
- Enhanced Maternity Packageso you can truly enjoy this special time.
There is also a range of other benefits including retail discounts, special offers and much more.
About your next employer:
You will be working for an established, stable and agile company with over 8,000 employees and a unique approach to the delivery of care. With a network of over 90 services across England and Wales covering Mental Health, Neurological, Learning Disabilities & Autism, Children & Education, there is opportunity for you to grow and move.
Elysium Healthcare is part of Ramsay Health Care with a global network that extends across 10 countries and employs over 86,000 people globally.
Elysium Healthcare follows safer recruitment of staff for all appointments and is a Disability Confident employer, committed to inclusive and accessible recruitment. It is a requirement that all staff understand it is each person’s individual responsibility to promote and safeguard the welfare of service users. All candidates will be subject to a DBS disclosure.
#J-18808-Ljbffr
Head of Transactional Services employer: Elysium Healthcare Limited
Contact Detail:
Elysium Healthcare Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Transactional Services
✨Tip Number 1
Familiarise yourself with the specific financial regulations and invoicing standards relevant to the healthcare sector. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the industry.
✨Tip Number 2
Network with professionals in the healthcare finance sector, especially those who have experience in credit control and sales ledger functions. Engaging with them can provide insights into best practices and may even lead to referrals.
✨Tip Number 3
Prepare to discuss your leadership style and how you've developed high-performing teams in previous roles. Be ready to share specific examples of how you've driven efficiency and improved processes in transactional finance.
✨Tip Number 4
Research Elysium Healthcare's operations and values thoroughly. Understanding their approach to care delivery and financial management will allow you to tailor your discussions and show how your goals align with theirs.
We think you need these skills to ace Head of Transactional Services
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in leading Credit Control and Sales Ledger functions. Use specific examples from your past roles that demonstrate your ability to manage financial operations effectively.
Craft a Compelling Cover Letter: In your cover letter, address how your skills align with the responsibilities of the Head of Transactional Services role. Mention your experience in the healthcare sector and your understanding of revenue cycle management.
Highlight Leadership Skills: Emphasise your leadership and people management skills throughout your application. Provide examples of how you have developed high-performing teams and driven continuous improvement initiatives in previous roles.
Showcase Analytical Abilities: Demonstrate your strong analytical and problem-solving skills by including specific instances where you interpreted financial data and presented insights to senior stakeholders. This will show your capability to support business objectives effectively.
How to prepare for a job interview at Elysium Healthcare Limited
✨Showcase Your Leadership Experience
As the Head of Transactional Services, you'll need to demonstrate your proven experience in leading Credit Control and Sales Ledger functions. Be prepared to discuss specific examples of how you've successfully managed teams and improved processes in previous roles.
✨Understand the Financial Landscape
Familiarise yourself with revenue cycle management, cash flow, and debt recovery strategies, especially within the healthcare sector. Highlight your knowledge of financial regulations and invoicing standards relevant to Elysium Healthcare during the interview.
✨Prepare for Stakeholder Engagement
Since this role involves working closely with senior stakeholders, practice articulating how you build strong relationships across departments. Be ready to share examples of how you've resolved billing disputes or streamlined processes through effective communication.
✨Emphasise Continuous Improvement Initiatives
Elysium Healthcare values efficiency and innovation. Prepare to discuss any past experiences where you've leveraged technology or automation to enhance transactional finance processes. This will show your commitment to driving continuous improvement in the role.