Credit Control Job Description
Credit Control Duties & Responsibilities
To write an effective credit control job description, begin by listing detailed duties, responsibilities and expectations. We have included credit control job description templates that you can modify and use.
Sample responsibilities for this position include:
Credit Control Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Credit Control
List any licenses or certifications required by the position: TDS, RMA, GST, ACAMS, NWC, CSA, CICM
Education for Credit Control
Typically a job would require a certain level of education.
Employers hiring for the credit control job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Economics, Business, Mathematics, Business/Administration, Education, Engineering, Graduate, Management
Skills for Credit Control
Desired skills for credit control include:
Desired experience for credit control includes:
Credit Control Examples
Credit Control Job Description
- Providing support to credit officers
- Involved in New Business initiatives
- UAT for the Credit system (INSIGHT)
- Involved in Ad Hoc Projects
- Ability to manage and drive a team and self to reach and exceed targets set
- Capability to communicate instructions to team in a clear, concise and constructive manner
- Development of team members’ skills through coaching and mentoring
- Ownership of the aged debt ledger
- Collect outstanding debts utilising phone and email
- Provide regular and meaningful reporting to senior management
- Provide support to EMEA Billing Operations across a wide range of team activities
- Prior experience of running a successful credit control team
- 3 years' minimum experience within a similar role in a multinational environment
- Administration of off-line credit limits in electronic dealing systems
- 1-2 years accounts processing experience preferably within a law firm
- Strong IT, organizational skills
Credit Control Job Description
- Manage invoicing and statement process
- Manage collection of payments including direct debits, bank transfer, cheques and cards
- Resolve historical debt
- Complete ad-hoc tasks as allocated
- Contacting business customers when payment is due to ensure they settle their account, and explaining the terms of their credit using specialist computer databases to check credit records
- Re-negotiating repayment plans if Businesses are in financial difficulties
- Setting up and maintaining customer file
- Escalating need for, and starting legal proceedings if debts are not paid within an agreed time., and arranging for goods to be repossessed to cover the outstanding debt liaising with solicitors, bailiffs and debt counsellors where necessary
- Supply of complete and accurate Vendor statement information
- Producing and reconciling monthly Debtors reports, KPI's, and analysing reports
- Able to manage own workload and show initiative
- Systems experience in Sage 50
- Degree holder/part qualified/accounting technician qualification or equivalent
- Demonstration of high level of attention to detail
- Ability to use own initiative - motivated self starter
- Liaise with operational staff and customers in resolving business partner invoice issues
Credit Control Job Description
- Responsibility for oversight of the master data of customer accounts
- Credit control have responsibility for ensuring that our credit terms arebeing adhered to
- Must respond quickly and comprehensively to internal and external
- Resolution of client queries with Fee Earners
- Distributing monthly and weekly target reports and related information to
- Partners and others as required
- Escalation of account issues to the Credit Manager and other relevant
- Responsible for all aspects of collections
- Drive process changes to balance strong controls with efficient procedures
- Perform month-end functions
- GCSEs (A-C) including maths as a minimum
- Customer oriented and detail minded
- The candidate must be able to prioritize and work independently in a fast-paced, high-volume environment
- Fluent French knowledge
- Excellent communication skill, interpersonal and negotiation skills
- A vast variety of development training
Credit Control Job Description
- Have experience of working in a credit control, administration or claims management environment preferably within the highways services or insurance sector
- Support COO and Front Office on business requests
- Interact with Line Controllers, PC Controls, and Change Management teams
- Optimise company sales, ensure timely collections, and minimise bad debt losses
- Conduct credit reviews of existing customers and assess credit worthiness of potential new ones
- Review and approve/reject credit recommendations
- Lead the credit control team to drive collections and measure their performance
- Ensure timely payment of debts is achieved through professional dealings with all customers
- Ensure customer credit files are properly managed and a credit scoring model is in place
- Monitor and react to deductions taken by customers
- Must be fluent in Hindi and Excellent English Language skills
- Provide a monthly status update to the Credit Committee
- Ensure efficient and timely resolutions of invoice queries
- Working to a monthly cash target
- Reducing aged debt
- Recording and banking cheques and ensuring they are deposited in a timely manner
Credit Control Job Description
- Being the main point of contact in the office for and on behalf of Finance
- Provide weekly updates with the Credit Control Manager (based in London)
- Assisting with expenses for the Australian office
- Regular invoicing/raising credits
- Posting cash onto debtor accounts
- Responsible for the management of the accounts receivable function within finance
- Direct management and leadership of the accounts receivable team
- Oversight and responsibility that all accounts receivable related accounts are reconciled on a monthly basis and that reconciliation items are dealt with promptly
- Responsible for the approval and sign off of monthly all account receivable and bank related journals across multiple entities
- Work closely on internal and external audits on a continuing basis
- Responsible for developing and deploying action plans to rectify any arrears on payments or deal work out situations working directly with customers and other internal departments
- Responsible for various monthly financial analysis, presentation of monthly and quarterly receivables to senior management and parent company other reporting as required
- Liaise with customers, management, internal departments and parent company on any accounts receivable queries and ensure that they are resolved in timely manner
- May be accountable for leading projects and/or work packages within a business area
- May assist in the development of communication, implementation and/or training plans to support implementation of projects and/or business initiatives
- Responsible for 1 – 2 processes of low to medium complexity