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- Tasks: Manage debtor's ledger and chase overdue debts while providing top-notch customer service.
- Company: Join Potter Clarkson, a leading pan-European Intellectual Property law firm with a strong reputation.
- Benefits: Enjoy flexible working, healthcare packages, birthday leave, and a vibrant social calendar.
- Why this job: Be part of a dynamic team focused on financial success and client satisfaction in a supportive environment.
- Qualifications: Proven credit control experience and proficiency in MS Office, especially Excel, are essential.
- Other info: Initial full-time office work required for training; salary ranges from £27,000 to £30,000.
The predicted salary is between 22700 - 27000 £ per year.
Join to apply for the Credit Control and Cash Management role at Potter Clarkson.
This range is provided by Potter Clarkson. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Overview
As a member of the Credit Control & Cash Management Team, you will be responsible for managing your debtor\’s ledger for our UK, Sweden, and Denmark offices. You will pursue overdue debts, set and monitor client credit limits, address queries, maintain records, recommend bad debt write-offs, coordinate with legal teams, and enhance credit control processes whilst delivering exceptional customer service. This role’s objectives include reducing outstanding invoice days, minimising bad debt write-offs, increasing collection rates, improving cash flow, maintaining client relationships, and enhancing dispute resolution. Cash management tasks involve various postings, reconciliations, and resolving queries. Working in a fast-paced environment high attention to detail is essential, as well as numerical proficiency and problem-solving skills.
Responsibilities
- Assess credit data and financial statements to spot risks.
- Set client credit limits and monitor account details.
- Chase overdue invoices professionally to maintain cash flow.
- Address queries clearly and swiftly.
- Collaborate with internal and external clients for smooth processes.
- Comply with the company\’s credit policy to mitigate risks.
- Negotiate payment plans for timely settlements.
- Recommend bad debt write-offs as needed.
- Liaise with legal teams for debt recovery.
- Support audits to ensure transparency and accuracy.
- Provide high-level customer service, addressing concerns efficiently.
- Reconcile company bank accounts and allocate transactions properly.
- Manage and update client records in banking systems.
- Ensure accuracy and compliance.
- Monitor daily transactions.
- Report discrepancies relating to the deposit accounts.
- Investigate and resolve queries.
- Communicate with bank representatives.
- Ensure data protection compliance.
- Coordinate internal communications.
- Assist with audits and inspections.
- Handle internal reporting duties.
- Record and adjust journal entries.
- Maintain accurate general ledger accounts.
- Review and verify deposit slips, payment vouchers, and remittances.
- Perform additional duties as required.
Essential
- Proven Credit Control experience.
- MS Office Proficiency – Excel essential.
- GCSE in Maths and English.
Competencies
- Financial Acumen: Understanding of financial principles, credit risk, and cash flow management.
- Decision-Making: Assessing creditworthiness and determining appropriate collection actions.
- Negotiation Skills: Arranging payment plans and resolving disputes.
- Analytical Thinking: Interpreting financial data to guide decision making.
- Time Management: Prioritising accounts and managing deadlines.
- Results-Oriented: Focused on achieving collection targets and reducing bad debts.
- Adaptability: Adjusting to system updates and policy changes.
- Compliance Awareness: Adhering to internal credit control policies and financial regulations.
- Communication Skills: Excellent verbal and written skills.
- Organisational Skills: Managing multiple tasks with high accuracy.
- Technical Proficiency: Proficient in Microsoft Office Suite.
- Problem-Solving: Identifying issues and developing solutions.
- Teamwork: Collaborating with colleagues to achieve goals.
- Confidentiality: Maintaining confidentiality and adhering to company policies.
Desirable
- Professional Certifications – CICM or AAT.
- Credit Control experience in a law setting.
- Experience of Aderant
- Experience of Sage Intacct
The Company
Potter Clarkson LLP is one of the leading pan-European Intellectual Property law firms, with seven offices across the UK, Denmark, Sweden and Germany. We offer clients a full IP service to support them in achieving their commercial objectives. We pride ourselves in the exceptional level of client care offered by our approachable and engaged team. The firm is consistently ranked in the top tier of major legal guides, such as Legal 500 and MIP. We also hold three independent ISO accreditations which evidence our high level of environmental awareness, service provision and information security. We are committed to promoting a healthy work-life balance, and supporting the wellbeing of all our people. We offer a wealth of health and wellbeing benefits and resources including healthcare, attractive flexible working options, sports and social groups, virtual yoga and mindfulness sessions, a virtual wellbeing hub, mental health first aiders, and a busy social calendar.
Benefits
- We offer a flexible working policy, with employees expected to be in the office two – three days per week. Initially, the successful candidate will need to work in the office full-time to facilitate their training and integration into the company.
- Salary; £27,000 – £30,000, dependant on experience.
- Birthday leave.
- Salary sacrifice pension scheme.
- One paid day off per year for charitable work.
- Enhanced parental leave.
- Electric car scheme.
- Discretionary annual bonus.
- Health care packages.
- Discount vouchers.
- Cycle to work.
Seniority level
- Entry level
Employment type
- Full-time
Job function
- Accounting/Auditing and Finance
Industries
- Legal Services
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Credit Control and Cash Management employer: Potter Clarkson
Contact Detail:
Potter Clarkson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Control and Cash Management
✨Tip Number 1
Familiarise yourself with the specific credit control processes used in the legal sector. Understanding how credit management differs in a law firm compared to other industries can give you an edge during interviews.
✨Tip Number 2
Brush up on your negotiation skills, as this role involves arranging payment plans and resolving disputes. Consider role-playing scenarios with a friend to practice your approach and responses.
✨Tip Number 3
Network with professionals in the credit control field, especially those who work in legal settings. Attend industry events or join relevant online forums to gain insights and potentially get referrals.
✨Tip Number 4
Demonstrate your analytical thinking by preparing examples of how you've successfully interpreted financial data in past roles. Be ready to discuss these during your interview to showcase your problem-solving abilities.
We think you need these skills to ace Credit Control and Cash Management
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit control and cash management. Use specific examples that demonstrate your skills in managing debtor ledgers, negotiating payment plans, and resolving disputes.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your proven credit control experience and how your skills align with Potter Clarkson's objectives, such as improving cash flow and maintaining client relationships.
Highlight Relevant Skills: In your application, emphasise key competencies such as financial acumen, analytical thinking, and communication skills. Provide examples of how you've successfully applied these skills in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for the Credit Control and Cash Management role.
How to prepare for a job interview at Potter Clarkson
✨Showcase Your Credit Control Experience
Be prepared to discuss your previous experience in credit control. Highlight specific examples where you successfully managed debtor ledgers, chased overdue debts, or negotiated payment plans. This will demonstrate your capability and understanding of the role.
✨Demonstrate Financial Acumen
Familiarise yourself with financial principles relevant to credit risk and cash flow management. During the interview, be ready to explain how you assess credit data and make decisions based on financial statements. This shows that you can think analytically and make informed decisions.
✨Emphasise Communication Skills
Since the role involves liaising with clients and internal teams, it's crucial to showcase your communication skills. Prepare to discuss how you've effectively addressed queries or resolved disputes in the past, as this will highlight your ability to maintain strong client relationships.
✨Prepare for Problem-Solving Scenarios
Expect questions that assess your problem-solving abilities. Think of examples where you identified issues in credit control processes and developed solutions. This will illustrate your analytical thinking and adaptability, which are key competencies for the role.
