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- Tasks: Lead the Credit Control and Sales Ledger teams, ensuring efficient invoicing and cash collection.
- Company: Join a leading organisation in the healthcare sector focused on financial excellence.
- Benefits: Enjoy a competitive day rate with hybrid working options and potential for permanent placement.
- Why this job: Be part of a critical role that drives financial improvements and supports healthcare services.
- Qualifications: Experience in managing complex finance operations, particularly in healthcare, is essential.
- Other info: Opportunity to build and develop a high-performing finance team in a dynamic environment.
The predicted salary is between 72000 - 100000 £ per year.
A leading organisation in the healthcare sector is seeking a highly experienced Head of Transactional Finance to oversee and lead its Credit Control and Sales Ledger functions. You will be responsible for ensuring the accuracy and efficiency of invoicing, debt recovery and cash flow processes, while driving continuous improvement across the transactional finance function. The ideal candidate will be a strategic thinker with strong leadership capabilities and a proven track record in stakeholder management and process optimisation. This is a critical role for a commercially driven finance professional with experience in managing complex, multi-site operations and delivering robust financial controls.
Key Responsibilities:- Lead and manage the Credit Control and Sales Ledger teams, ensuring timely invoicing and efficient cash collection.
- Oversee the full billing cycle, including invoicing to NHS bodies, local authorities, and private funders.
- Monitor and manage aged debt, identifying risks and implementing resolution strategies to maintain strong cash flow.
- Develop and enforce effective credit control policies and procedures to minimise bad debt.
- Provide timely, insightful reporting on debt position, cash flow, and key financial performance metrics to senior stakeholders.
- Collaborate closely with commercial and operational departments to resolve billing disputes and improve work flows.
- Drive continuous improvement initiatives, leveraging technology and automation to enhance efficiency and accuracy.
- Ensure full compliance with financial regulations, contractual obligations, and internal policies.
- Support external audits and maintain strong internal controls across transactional processes.
- Build and develop a high-performing finance team, fostering a culture of accountability and operational excellence.
- Demonstrable experience leading Credit Control and Sales Ledger operations within a complex, multi-entity organisation.
- Strong understanding of revenue cycle management, debt recovery strategies, and financial controls.
- Experience within the healthcare sector, particularly in dealing with public and private sector funders, is highly desirable.
- Proven leadership and people management skills, with the ability to mentor and motivate teams.
- Advanced analytical and financial reporting skills; strong Excel proficiency required.
- Strong communication and stakeholder management abilities, capable of building cross-functional relationships.
- Experience implementing system improvements and automation to drive operational efficiencies.
Head of Transactional Services in Borehamwood employer: Cedar Recruitment
Contact Detail:
Cedar Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Transactional Services in Borehamwood
✨Tip Number 1
Network with professionals in the healthcare finance sector. Attend industry events or webinars to connect with individuals who may have insights into the role and the organisation. Building relationships can often lead to referrals or insider information about the job.
✨Tip Number 2
Research the latest trends in transactional finance, particularly within the healthcare sector. Being knowledgeable about current challenges and innovations will help you stand out during discussions and interviews, showcasing your strategic thinking.
✨Tip Number 3
Prepare to discuss specific examples of how you've driven process improvements in previous roles. Highlighting your experience with automation and technology in finance will demonstrate your capability to enhance efficiency, which is crucial for this position.
✨Tip Number 4
Familiarise yourself with the financial regulations and compliance standards relevant to the healthcare sector. Showing that you understand these complexities will reassure the hiring team of your ability to maintain strong internal controls and navigate audits effectively.
We think you need these skills to ace Head of Transactional Services in Borehamwood
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in leading Credit Control and Sales Ledger operations. Emphasise your achievements in managing complex financial processes, particularly within the healthcare sector.
Craft a Compelling Cover Letter: In your cover letter, demonstrate your strategic thinking and leadership capabilities. Provide specific examples of how you've driven continuous improvement and managed stakeholder relationships in previous roles.
Highlight Relevant Skills: Clearly outline your advanced analytical skills and proficiency in Excel. Mention any experience you have with revenue cycle management and debt recovery strategies, as these are crucial for the role.
Showcase Your Leadership Experience: Detail your experience in building and developing high-performing teams. Include examples of how you've fostered a culture of accountability and operational excellence in your previous positions.
How to prepare for a job interview at Cedar Recruitment
✨Showcase Your Leadership Skills
As a Head of Transactional Services, your leadership capabilities are crucial. Be prepared to discuss specific examples of how you've successfully led teams in the past, particularly in Credit Control and Sales Ledger functions. Highlight your ability to mentor and motivate others.
✨Demonstrate Your Strategic Thinking
This role requires a strategic mindset. During the interview, share instances where you've developed and implemented effective credit control policies or process improvements. Discuss how these strategies positively impacted cash flow and reduced bad debt.
✨Prepare for Stakeholder Management Questions
Given the importance of stakeholder management in this position, anticipate questions about how you've built relationships with various departments. Be ready to provide examples of how you've resolved billing disputes and collaborated with commercial and operational teams.
✨Highlight Your Analytical Skills
Strong analytical skills are essential for this role. Prepare to discuss your experience with financial reporting and data analysis. Bring examples of how you've used Excel to drive insights and improve financial performance metrics.
