Credit Specialist

Templewood Recruitment; Greater London; On-site; GBP 32,000 - 45,000; Full time

Job summary

Templewood Recruitment is seeking an experienced Credit Specialist for a market-leading electronics manufacturer. The role focuses on maintaining the Sales Ledger and acting as the primary contact for credit and collection activities across an international customer base.

You will manage credit checks in SAP, communicate credit limits, chase payments, resolve queries and monitor overdue accounts. Strong VAT knowledge and proactive negotiation are essential to protect cash flow.

Qualifications

• Bachelor's degree in Accounting or Finance or equivalent experience.
• 3-5 years previous experience within accounting including credit control.
• Strong communication, organizational and interpersonal skills.
• Ability to recommend credit direction in the best interests of the company.
• Solid problem-solving and negotiating skills.
• Ability to multi-task.
• Computer knowledge (Excel, SAP, Power Point, Word, Outlook).

Responsibilities

• Credit control: manage credit limits, new customer setup in SAP, use D&B to review credit.
• Chase payments: issue statements, follow up by phone and email until allocated.
• Handle customer queries: credits for returns, price queries, credit notes, provide copies of invoices.
• Monitor credit and overdue invoices: run SAP reports, identify overdue accounts, hold shipments if needed, communicate with regional sales managers.
• Generate reports: weekly aged debt by region and notes.
• Accounting: maintain Sales Ledger, post cash receipts, reconcile with GL, inter-company journals.
• Enter journals for Sales ledger, bank reconciliation, VAT.
• Prepare VAT returns, EC Sales lists and reconciliations.

Skills

Communication skills

Organizational skills

Interpersonal skills

Multi-tasking

Education

Bachelor's degree in Accounting or Finance

Tools

SAP

Excel

PowerPoint

Word

Outlook

Job description

We are looking for an experienced Credit Specialist to work for one of our clients, who are a market leader in their field of Electronics manufacturing. The main focus of the role is to maintain and manage the Sales Ledger and be the primary customer contact for credit and collection activities

The role requires a proactive approach, to work with their truly international customer base to expedite payments , resolve credit issues, negotiate and monitor payment schedules, have the ability to communicate effectively and be well versed in international VAT.

Key Features of the role:

Credit Control

• Responsible for effective credit control
• Creating new Customer accounts on SAP and informing customers of credit limit
• Use of D&B to review credit and suggesting credit limit

Chasing payments

• Issuing customer statements
• Chasing payment using telephone and E-mail
• After a receipt is allocated, identify items not paid and follow up immediately with customer

Deal with customer queries

• Chase down credits for returns, progress price queries and resulting credit notes
• Provide copy invoices as requested and inform customer of credit status

Monitor credit and overdue invoices

• Run reports from SAP to Identify overdue accounts in arrears and put accounts on hold if needed
• Run open Sales orders to identify required shipments for overdue customers
• Proactively communicate with customer as to resolution and decide whether to stop shipments
• Communicate with regional sales managers when customers are about to be put on hold
• Negotiate special terms to resolve old debt to allow some business to take place and lower exposure.

Generating reports

• Create a weekly aged debt report by region and identify accounts on hold with comments/issues

Accounting

Maintain Sales Ledger

Enter all Cash Receipts

• Post Cash receipts form Bank Statements
• Allocate cash receipts on customer accounts and chase for allocations where none provided

Reconcile Sales Ledger to GL

• Compare Sales Ledger to GL control accounts and identify and report any differences

Create journal entries arising from sales ledger as required

• Identify inter-company journals, foreign currency exposure/revaluation journals

Prepare VAT returns and EC Sales listing and monthly returns
Prepare EC sales lists quarterly
Reconcile GL VAT accounts

Reconciliation of Bank accounts and bank clearing accounts
Reconcile bank clearing accounts monthly
Prepare and enter any resulting journal entries

Enter journals arising from Sales ledger, Bank reconciliation and VAT

Minimum Qualifications:

• Bachelors degree in Accounting or Finance or equivalent experience
• 3-5 years previous experience within accounting including credit control
• Strong communication, organizational and interpersonal skills
• Ability to recommend credit direction in the best interests of the company
• Solid problem-solving and negotiating skills.
• Ability to multi-task
• Computer knowledge (Excel, SAP, Power Point, Word, Outlook)