At a Glance
- Tasks: Manage client ledgers and support credit control processes for excellent service delivery.
- Company: Leading independent provider of commercial finance based in Chelmsford.
- Benefits: Market-leading salary, bonus, and a range of additional perks.
- Other info: Opportunity for professional growth and collaboration across departments.
- Why this job: Join a dynamic team and make a real impact on client relationships and debt recovery.
- Qualifications: Strong communication skills and a proactive approach to problem-solving.
The predicted salary is between 36000 - 44000 £ per year.
Job Description An excellent opportunity has arisen for a Credit & Recoveries Executive within a leading independent provider of commercial finance based in Chelmsford.
The successful candidate will work alongside the operations department providing support to the client management, risk and credit control teams.
Key
Responsibilities: To Credit Control a small portfolio of collect out Client Ledgers.
To provide support for the Credit Control team during high workload periods.
To deliver and maintain proactive and effective collections processes (as per company policy), thus delivering excellent service to the Clients.
To ensure collection and follow up calls are made within agreed timescales.
To record and maintain up to date debtor contact details.
To record and maintain debtor diary and collection notes on the operating system.
To assist the data processing team by obtaining remittance advices and allocation details for expected debtor receipts.
To identify any sales ledger queries with work closely with the Client Management teams to ensure that Clients resolve disputes quickly and are aware of any difficult recovery situations that may require legal action.
Maintaining first class Client relationships, ensuring that excellent levels of service are delivered so that Client satisfaction levels remain high.
To make recommendations on how the Credit Control function can be improved/enhanced.
To ensure debtor litigation action is taken where agreed to assist with recovery of debts for both live and collect out clients within the portfolio.
To maintain an effective litigation monitoring sheet with details of action taken and costs incurred.
To ensure monthly pre-bills are reviewed upon receipt and approved prior to settlement to solicitors.
Ensure Legal Spreadsheet updated, and clients charged relevant disbursements which are applicable.
To maintain and build relationships with external partners to assist in the recovery and actions involved in a collect out scenario, including Insolvency Practitioners, Solicitors and Credit Insurers.
To always ensure the security of 4syte funds and minimising client losses and bad debts.
To work closely with the Client Management teams in reviewing and scrutinising debt collectability and recoverability on daily basis.
To provide regular feedback to the Client Management teams about any debt issues that may impact upon 4syte security or client retention.
To work closely with all other Departments to ensure that the Operations department always runs in an efficient and professional way.
Any issues or concerns should be escalated to senior management immediately.
To provide staff training where appropriate.
To maintain an effective Sharepoint filing system (To include but not limited to correspondence with debtors and clients regarding credit control and verification)In return the successful candidate will be rewarded with a market leading basic salary, plus bonus and a range of additional benefits.
Credit & Recoveries Executive in Chelmsford employer: M2 Professional Recruitment Services
Join a dynamic and supportive team at a leading independent provider of commercial finance in Chelmsford, where your contributions as a Credit & Recoveries Executive will be valued. Enjoy a market-leading salary, bonus opportunities, and a range of benefits while working in a collaborative environment that prioritises employee growth and development. With a focus on maintaining excellent client relationships and delivering exceptional service, this role offers a meaningful career path in a thriving industry.
Contact Details:
M2 Professional Recruitment Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Credit & Recoveries Executive in Chelmsford
✨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 M2 Professional Recruitment Services. 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 Credit & Recoveries Executive in Chelmsford
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 M2 Professional Recruitment Services.
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 M2 Professional Recruitment Services'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 M2 Professional Recruitment Services
✨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 M2 Professional Recruitment Services.
✨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 M2 Professional Recruitment Services 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 M2 Professional Recruitment Services 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.
