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- Tasks: Manage credit risk and oversee accounts receivable for timely cash flow.
- Company: Join a dynamic company focused on growth and customer relationships.
- Benefits: Competitive salary, career development, and a supportive team environment.
- Why this job: Lead a team while making impactful decisions in finance and customer relations.
- Qualifications: Bachelor’s degree and 5+ years in credit and A/R management required.
- Other info: Opportunity to drive process improvements and enhance operational efficiency.
The predicted salary is between 36000 - 60000 £ per year.
The Credit and Accounts Receivable (A/R) Manager is responsible for managing trade credit risk and overseeing the company’s accounts receivable function to ensure timely cash flow and minimize bad debt exposure. This role combines strategic credit evaluation and decisions with operational oversight of invoicing, cash application, and customer account management. The position requires a balance between risk management and building strong customer relationships, while also contributing to process improvements, compliance, and mentoring of junior team members.
Key Job Responsibilities:
- Credit Evaluation & Recommendations: Evaluate customer creditworthiness through financial analysis, credit reports, and payment history. Determine credit limits and terms for new and existing customers in accordance with company policies and through collaboration with the Commercial team. Monitor credit exposure and adjust limits based on risk trends and customer performance.
- Accounts Receivable Oversight: Supervise A/R processes including invoicing, cash application, and account reconciliations. Ensure accurate and timely posting of payments and resolution of discrepancies. Maintain aging schedules and monitor DSO (Days Sales Outstanding) performance.
- Collections: Manage receivables and customers follow up to resolve past-due balances and disputes. Oversee third-party collection agencies for recovery of significantly past-due accounts. Prepare reports on collection status and bad debt exposure for senior management.
- Management & Leadership: Lead and develop the A/R team, providing training, coaching, and performance feedback. Foster a culture of accountability and continuous improvement within the team. Collaborate with Sales, Finance, and Operations to resolve customer disputes, improve processes, and balance risk management with business growth. Ensure adherence to company policies, best practices, and performance standards.
- Policy & Compliance: Ensure adherence to company policies and internal controls. Maintain compliance with audit requirements and all applicable laws and regulations.
- Reporting, Process Improvement & Compliance: Prepare and present credit and A/R reports and summaries to management. Recommend and implement process improvements to credit, A/R, and collections procedures to enhance efficiency and minimize risks. Assist in developing and refining credit policies, procedures, and internal controls.
- Other Duties: Perform additional tasks and responsibilities as assigned.
Requirements:
- Bachelor’s degree in Finance, Accounting, Business, or related field.
- 5+ years of experience in credit and accounts receivable management, preferably in a manufacturing or B2B environment.
- Proven leadership experience managing a team.
- Experience with credit scoring models and risk analytics preferred.
- Strong analytical, problem-solving, and communication skills.
- Ability to lead process improvements and work cross-functionally.
- Proficiency in ERP systems and Microsoft Excel.
Credit & Accounts Receivable Manager in Southampton employer: NewAge Industries, Inc.
Contact Detail:
NewAge Industries, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit & Accounts Receivable Manager in Southampton
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and accounting sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to credit management and accounts receivable. Tailor your answers to show how your experience aligns with their needs – it’s all about making that connection!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. Focus on articulating your leadership experience and problem-solving skills, especially in managing A/R processes. The more comfortable you are, the better you’ll perform!
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you. Plus, it’s a great way to ensure your application gets noticed by the right people. Let’s get you that Credit & Accounts Receivable Manager role!
We think you need these skills to ace Credit & Accounts Receivable Manager in Southampton
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in credit evaluation and accounts receivable management. Use keywords from the job description to show we’re on the same page about what you bring to the table.
Showcase Your Leadership Skills: Since this role involves leading a team, don’t forget to mention any leadership experience you have. Share examples of how you've developed teams or improved processes in your previous roles.
Be Clear and Concise: When writing your cover letter, keep it straightforward. Clearly explain why you’re a great fit for the Credit & Accounts Receivable Manager position and how your skills align with our needs.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates during the process.
How to prepare for a job interview at NewAge Industries, Inc.
✨Know Your Numbers
Make sure you brush up on key financial metrics and concepts related to credit evaluation and accounts receivable. Be ready to discuss how you've used financial analysis in past roles to assess customer creditworthiness and manage risk.
✨Showcase Your Leadership Skills
Prepare examples of how you've led a team in the past, especially in a credit or A/R context. Highlight your experience in mentoring junior team members and fostering a culture of accountability and improvement.
✨Understand the Company’s Policies
Familiarise yourself with the company's credit policies and compliance requirements. Being able to discuss how you would ensure adherence to these policies will show that you're serious about maintaining standards and minimising risks.
✨Be Ready for Scenario Questions
Expect questions that put you in hypothetical situations, like handling a significant past-due account or resolving a customer dispute. Think through your approach to these scenarios, focusing on both risk management and relationship building.
