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- Tasks: Manage accounts receivables and collect outstanding debts through various communication methods.
- Company: Join a dynamic finance team in a supportive environment.
- Benefits: Competitive salary, professional development, and opportunities for growth.
- Why this job: Make a real impact by improving financial processes and building strong relationships.
- Qualifications: Degree or diploma with 1-3 years of credit control experience preferred.
- Other info: Collaborative culture with opportunities for process improvement and system enhancements.
The predicted salary is between 28800 - 43200 £ per year.
The candidate will join the Finance Department to manage the accounts receivables, debt analysis and collection from various intermediaries.
Responsibilities
- Responsible for prompt collection for all outstanding debts by performing outstanding debts recovery activities and monitoring overdue account receivables via calling, emailing, or other communications.
- Investigate and resolve discrepancies or disputed transactions with policyholders, intermediaries, and other stakeholders.
- Prepare reminder letters or appointment letters (if necessary).
- Prepare and perform/allocate premium payment updates.
- Prepare monthly/quarterly updates and analysis on outstanding cases.
- Monitor all accounts for possible bad debt write off.
- Prepare and collate the monthly/quarterly/yearly management statistics and analysis for business reporting.
- Liaise closely with intermediaries and internal/external stakeholders proactively to reduce credit exposure and build/foster strong relationships.
- Handle enquiries from intermediaries/external stakeholders and ensure that queries/issues are promptly attended to and resolved.
- Resolve unallocated receipts by reviewing outstanding reports, payment history, and liaising with internal and external parties.
- Perform statement reconciliation in a timely manner.
- Achieve productivity, efficiency, and quality in recovery work done.
- Perform updates of standard operations procedures.
- Collaborate with Business Owners and IT on systems enhancements/projects.
- Initiate process improvement initiatives, support and participate in system enhancements and testing.
- Provide assistance to the Superior/team lead and support the operational business as required.
Requirements
- Degree/Diploma holder preferably with 1-3 years of relevant experience in credit control knowledge.
- Good analytic skills.
- Preferably knowledge in PowerBI, Power Query, coding skillset.
- Good knowledge in MS Excel.
- Proactive, good interpersonal, communication, and analytic skills.
- Highly organized, attention to detail.
- Fast learner who is able to multi-task.
- Pleasant, positive personality, enjoy collaborating with others and a team player.
Credit Control Executive employer: INCOME INSURANCE LIMITED
Contact Detail:
INCOME INSURANCE LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Control Executive
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who work in credit control. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your debt recovery strategies and analytics skills. Be ready to discuss how you’ve tackled overdue accounts in the past and how you’d approach potential challenges in this role.
✨Tip Number 3
Show off your tech skills! If you’ve got experience with PowerBI or Excel, make sure to highlight that during your conversations. Employers love candidates who can leverage technology to improve processes.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for proactive team players who can help us enhance our credit control processes.
We think you need these skills to ace Credit Control Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in credit control and accounts receivables. We want to see how your skills match the job description, so don’t be shy about showcasing your achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Credit Control Executive role. Share specific examples of how you've successfully managed debts or resolved discrepancies in the past.
Show Off Your Analytical Skills: Since this role requires good analytical skills, make sure to mention any relevant tools or software you’ve used, like PowerBI or Excel. We love seeing candidates who can back up their claims with real-world experience!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining the StudySmarter team!
How to prepare for a job interview at INCOME INSURANCE LIMITED
✨Know Your Numbers
Brush up on your knowledge of accounts receivables and debt analysis. Be ready to discuss specific metrics or examples from your past experience that demonstrate your ability to manage outstanding debts effectively.
✨Showcase Your Communication Skills
Since the role involves liaising with intermediaries and stakeholders, prepare to highlight your communication strategies. Think of examples where you resolved disputes or improved relationships through effective communication.
✨Demonstrate Your Analytical Prowess
Be prepared to discuss how you've used analytical skills in previous roles. Bring examples of how you've investigated discrepancies or performed statement reconciliations, showcasing your attention to detail and problem-solving abilities.
✨Familiarise Yourself with Tools
If you have experience with PowerBI, Power Query, or advanced Excel functions, make sure to mention it. If not, do a bit of research on these tools so you can speak confidently about how they can enhance credit control processes.