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For Companies At a Glance
- Tasks: Manage accounts receivable, credit control, and optimise collections processes.
- Company: Join Learning Resources, a global leader in educational toys and learning aids.
- Benefits: Full-time role with opportunities for growth and skill development.
- Why this job: Make a difference in a dynamic company while honing your finance skills.
- Qualifications: Detail-oriented, organised, and experienced in accounts receivable and collections.
- Other info: Collaborative environment with a focus on continuous improvement and innovation.
The predicted salary is between 30000 - 42000 £ per year.
Overview
Accounts Receivable and Collections Specialist role at Learning Resources (UK). Learning Resources Inc. is a global developer and manufacturer of educational toys and learning aids. Based in Kings Lynn, Norfolk, the company markets, sells and supplies products to Europe, the Middle East, Africa & India, serving preschool to primary school markets. The role reports to the Finance Manager and focuses on credit control, collections strategy, and accounts receivable process optimisation to support company growth.
Primary Responsibilities
- Receivables Ledger: Oversee the end-to-end accounts receivable process, ensuring accuracy and timeliness of invoicing, credit note processing, daily bank postings and collections. Target 98% accuracy with a 2 working day turnaround for credit notes.
- Credit Control: Develop and implement credit control policies supporting business growth. Build strong customer relationships to resolve disputes and ensure prompt payment. Maintain zero aged debt over 90 days and a DSO target of less than 45 days.
- Customer Accounts: Proactively manage and reconcile customer accounts. Manage credit limits and payment terms in line with credit insurance providers. Achieve 99% accuracy and compliance.
- Reporting: Prepare and present weekly ledger and collections reports to senior management and the sales team, highlighting risks and opportunities.
- Continuous Improvement: Lead initiatives to streamline accounts receivable processes and order-to-cash cycles, enhancing customer experience and revenue recognition. Propose and implement at least two improvements quarterly.
Qualifications and Attributes
- Accurate, detail-focused, highly organised with strong time management.
- Clear communicator with solid Excel and reporting skills.
- Proactive, adaptable, able to work independently or within a team.
- Collaborative across functions, especially with Sales and Customer Service.
- Proven experience in AR and collections, with success in reducing aged debt and improving DSO.
- Familiarity with Microsoft Dynamics D365 preferred; committed to continuous learning and process improvement.
Job Details
- Seniority level: Entry level
- Employment type: Full-time
- Job function: Accounting/Auditing and Finance
- Industries: Manufacturing
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Accounts Receivable and Collections Specialist employer: Learning Resources (UK)
Contact Detail:
Learning Resources (UK) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Accounts Receivable and Collections Specialist
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with potential employers on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews by researching the company and practising common questions. We recommend using the STAR method to structure your answers, so you can showcase your skills and experiences effectively.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. We suggest mentioning something specific from the interview to make it personal.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Accounts Receivable and Collections Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Accounts Receivable and Collections Specialist role. Highlight your experience in credit control and accounts receivable processes, and don’t forget to mention any specific achievements that align with our goals at Learning Resources.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role and how your skills can help us optimise our accounts receivable process. Be sure to mention your proactive approach and any relevant experience in reducing aged debt.
Showcase Your Skills: We love detail-oriented candidates! Make sure to showcase your strong Excel and reporting skills in your application. If you have experience with Microsoft Dynamics D365, definitely highlight that too—it’s a plus for us!
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 our team at Learning Resources!
How to prepare for a job interview at Learning Resources (UK)
✨Know Your Numbers
Brush up on your knowledge of accounts receivable metrics, like DSO and aged debt. Be ready to discuss how you've successfully managed these in the past, as it shows you understand the role's key responsibilities.
✨Showcase Your Communication Skills
Since building strong customer relationships is crucial, prepare examples of how you've resolved disputes or improved payment processes. Practise articulating these experiences clearly, as effective communication is a must for this position.
✨Demonstrate Your Proactivity
Think of specific instances where you've led initiatives to improve processes. Whether it's streamlining invoicing or enhancing customer experience, be ready to share at least two examples that highlight your proactive approach.
✨Familiarity with Tools
If you have experience with Microsoft Dynamics D365 or similar software, mention it! If not, show your willingness to learn by discussing how you've quickly adapted to new tools in previous roles.