Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Manage cash allocation and resolve payment discrepancies in a dynamic finance team.
- Company: Join a leading healthcare organisation making a difference in people's lives.
- Benefits: Enjoy a competitive salary, hybrid work options, and a supportive team environment.
- Why this job: Make an impact in finance while developing your skills in a reputable company.
- Qualifications: Experience in finance roles and proficiency in financial systems required.
- Other info: Opportunity for growth and process improvement in a collaborative setting.
The predicted salary is between 25000 - 25000 £ per year.
Cash Allocation Administrator
Location: Borehamwood (Hybrid, 3 days in the office / 2 days from home)
Salary: £25,000 per annum + Benefits
We\’re representing a leading organisation in the healthcare sector that is seeking a Cash Allocation Administrator to join their growing finance team based in Borehamwood.
This is a fantastic opportunity for someone with a background in accounts receivable or cash allocation to join a dynamic business and play a key role in maintaining accurate ledgers and supporting cash flow management.
The Role
- Accurately allocate incoming payments (BACS, CHAPS, cheques, direct debits, etc.) to customer accounts
- Investigate and resolve unallocated or misapplied payments promptly
- Work closely with accounts receivable specialists to resolve payment discrepancies
- Perform account reconciliations and process refunds or adjustments when necessary
- Support month-end and year-end close activities related to cash allocation
- Provide documentation for audits and assist with related queries
- Contribute to process improvements to enhance efficiency and accuracy in cash allocation
About You
- Previous experience in an Finance Administrator, Accounts Receivable or Cash Allocation role
- Strong understanding of cash allocation and reconciliation processes
- Experience working with financial systems such as Unit4, SAP, Oracle, Sage, or similar
- Basic knowledge of accounting principles and the order-to-cash process
- High attention to detail and accuracy with excellent organisational skills
- Confident communicator with strong problem-solving abilities
- Proficient in Microsoft Excel
What\’s On Offer
- Competitive salary and benefits package
- Opportunity to join a reputable and growing organisation
- Office-based role in Borehamwood with a supportive finance team
If you\’re looking for your next step in finance and want to join a business where you can make an impact, apply today or contact us for a confidential discussion.
Cash Allocation Administrator in Borehamwood employer: Cedar Recruitment
Contact Detail:
Cedar Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cash Allocation Administrator in Borehamwood
✨Tip Number 1
Familiarise yourself with the specific financial systems mentioned in the job description, such as Unit4, SAP, or Oracle. Having a solid understanding of these platforms can give you an edge during interviews and demonstrate your readiness to hit the ground running.
✨Tip Number 2
Brush up on your knowledge of cash allocation and reconciliation processes. Being able to discuss these topics confidently will show that you have the relevant experience and are well-prepared for the responsibilities of the role.
✨Tip Number 3
Prepare examples from your previous work experience that highlight your attention to detail and problem-solving skills. Be ready to share specific instances where you successfully resolved payment discrepancies or improved processes.
✨Tip Number 4
Since this role involves working closely with a team, think about how you can showcase your communication skills. Consider discussing times when you collaborated effectively with others to achieve a common goal, especially in a finance context.
We think you need these skills to ace Cash Allocation Administrator in Borehamwood
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in accounts receivable or cash allocation. Use specific examples that demonstrate your understanding of cash allocation processes and any financial systems you've worked with.
Craft a Strong Cover Letter: Write a cover letter that not only expresses your interest in the Cash Allocation Administrator role but also showcases your problem-solving abilities and attention to detail. Mention how your previous experience aligns with the responsibilities outlined in the job description.
Highlight Relevant Skills: In your application, emphasise your proficiency in Microsoft Excel and any experience with financial systems like Unit4, SAP, Oracle, or Sage. This will show that you have the technical skills necessary for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a finance role.
How to prepare for a job interview at Cedar Recruitment
✨Know Your Numbers
Brush up on your knowledge of cash allocation and reconciliation processes. Be prepared to discuss your previous experience in accounts receivable and how you've successfully managed incoming payments.
✨Familiarise Yourself with Financial Systems
Since the role involves working with financial systems like Unit4, SAP, or Oracle, make sure you can talk about your experience with these tools. If you haven't used them directly, research their functionalities to show your willingness to learn.
✨Demonstrate Attention to Detail
Highlight your organisational skills and attention to detail during the interview. You might be asked to provide examples of how you've ensured accuracy in your previous roles, so have a few scenarios ready.
✨Prepare for Problem-Solving Questions
Expect questions that assess your problem-solving abilities, especially regarding payment discrepancies. Think of specific instances where you've resolved issues effectively and be ready to share those experiences.
