At a Glance
- Tasks: Manage credit risk, collections, and accounts receivable for a diverse portfolio.
- Company: Join a dynamic team in Leicester, UK, focused on financial excellence.
- Benefits: Competitive salary, professional growth opportunities, and a collaborative work environment.
- Other info: Fast-paced role with opportunities to improve processes and drive efficiency.
- Why this job: Make an impact by optimising credit processes and enhancing customer relationships.
- Qualifications: Bachelor’s degree in Finance or related field with 6 years of relevant experience.
The predicted salary is between 27000 - 33000 £ per year.
Key Responsibilities
- Credit Risk Management
- Assess and analyse the creditworthiness of new and existing customers
- Review and propose credit limit changes, ensuring approvals are obtained in line with delegated authority levels
- Obtain and evaluate credit and bank references where required
- Recommend credit decisions based on risk assessment
- Work with Sales and Customer Care to identify alternative solutions where credit terms cannot be extended
- Ensure adherence to company policies and delegated authority levels, seeking approvals in a timely manner
- Collections & Accounts Receivable
- Manage a high-volume portfolio of customer accounts to ensure timely collections
- Manage accounts across multiple countries and currencies
- Carry out structured collection activities, including follow-ups and escalation of overdue balances
- Investigate and resolve invoice disputes, deductions, and short payments
- Support the reduction of aged debt and improvement of collection performance
- Support month-end reporting requirements
- Cash Application & Reconciliation
- Perform timely and accurate cash application within SAP
- Allocate payments and ensure correct matching to customer accounts
- Reconcile unapplied cash and investigate discrepancies
- Maintain accuracy of the accounts receivable subledger and support month-end close
- Stakeholder Management
- Work closely with Sales, Customer Care, Operations, Finance, and Legal teams to resolve issues
- Engage with customers to address payment queries and escalations
- Work with external credit agencies to support the assessment and determination of customer credit worthiness
- Reporting & Process Improvement
- Use SAP and collections systems to monitor AR ageing and account activity
- Support the preparation of AR and collections reporting
- Identify and support process improvements to increase efficiency and control
- Support ad hoc credit, treasury, or cross-functional projects as required
Qualifications
- Bachelor’s degree in Accounting, Finance or related field (or equivalent experience)
- Minimum 6 years’ experience of credit, collections, and accounts receivable within a high-volume environment
Skills & Competencies
- Strong attention to detail and accuracy, combined with a proactive, hands-on approach
- Ability to manage multiple priorities in a high-volume environment
- Experience working in a multi-entity and multi-currency environment
- Strong SAP experience (FI/AR module) in an Accounts Receivable / Order-to-Cash environment
- Experience with collections or receivables management systems
- Advanced Excel skills (pivot tables, lookups, data reconciliation & large dataset analysis)
- Solid understanding of accounts receivable processes, including collections, cash application and reconciliation
- Experience allocating cash, resolving unapplied cash and investigating discrepancies, including variance analysis
- Experience managing customer collections and resolving payment issues
- Strong stakeholder management and communication skills
- Understanding of credit risk principles
- Strong analytical and problem-solving skills
AR & Credit Control Specialist-2 in Leicester employer: Druck
Druck is an exceptional employer that fosters a dynamic and inclusive work culture, perfect for aspiring marketers looking to make a global impact. As a Marketing Intern, you will gain hands-on experience in various marketing channels while collaborating with a talented team in Groby, Leicester, where employee growth is encouraged through training and cross-functional collaboration. With a focus on innovation and creativity, Druck offers a unique opportunity to contribute to meaningful projects that shape the future of the brand.
StudySmarter Expert Advice🤫
We think this is how you could land AR & Credit Control Specialist-2 in Leicester
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Druck. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace AR & Credit Control Specialist-2 in Leicester
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Druck.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Druck's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Druck
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Druck.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Druck will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Druck employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
