Cathy Wood’s Post

When hiring a Credit Manager, the right questions can unlock the answers you need to know so you can work out if they are good for the role. A good question to ask is: “Tell me about your first credit control position?” Credit Managers who started out their credit control career in an entry-level position are usually well-placed to provide genuine support to the staff they manage, because they can understand the day-to-day machinations of credit control work. That said, previous management experience in a different finance-related role can be just as valuable. Either way, evidence that the candidate was once an entry-level employee is always a good sign, because it suggests they are ambitious and work hard. If you're looking for a Credit Manager for your business, contact us here to find out how we can help: https://lnkd.in/eqQr7HUp

Cash flow is critical to a business and a Credit Control Officer will ensure a steady flow by way of credit checks and timely debt collection to minimise risk. For tips on hiring a great Credit Control Officer, click on the link. https://lnkd.in/guEUbTPQ #CreditControlOfficer #Cashflow #Hiring #HiringTips

Here's why our services are unparalleled: 🌟 Dedicated Full-Time Credit Analysts and Account Managers We believe in a hands-on approach. That's why we allocate you dedicated, full-time Credit Analysts and Account Managers. You get a committed team that's solely focused on your success. 🌟 Deep Industry Expertise Our value proposition is rooted in experience. Our founders have a combined experience of over 60 years in the Australian financial sector. We understand the intricacies of Australian lending like no other. 🌟 Top-Notch Credit Training Our commitment to excellence shines through our top-notch credit training program. We prioritise credit assessment as a core focus. Your team is equipped with the skills and knowledge to make informed decisions. 🌟 Rigorous Recruitment Process We believe that the best people produce the best results. Our recruitment process is stringent, ensuring that only the finest talents make it to your team. 🌟 Bespoke Customer Onboarding Journey We understand that one size does not fit all. Our bespoke customer onboarding journey ensures that your team is tailor-picked for you. We match skills, values and personality profile for a perfect partnership. With Stellar Staffing, you're not just outsourcing; you're gaining a strategic partner dedicated to enhancing your success. Let us streamline your journey, boost efficiency, and potentially double your income. #StellarStaffing #OutsourcingPartner #CreditAnalysis #AustralianFinance #TailoredSolutions #ExcellenceInService

In business, building strong relationships is key. While your focus is on creating a positive bond with your clients, a credit controller does the same with your debtors. Both connections are crucial and need to be strong, positive, and professional. Even though the relationships with clients and debtors differ in focus and goals, they are equally important. Investing in credit control is investing in the overall health and success of your business relationships. Hiring a dedicated credit controller or credit control team, whether internally or externally, can actually boost these business relationships. Yes, you read that right – it can BOOST them! KS Credit Control Limited #creditcontrol #debt #businessrelationships

What makes a good credit controller? Credit controllers have one of the most challenging yet essential roles in a business, and a good credit controller is hard to find. Recovering unpaid money from individuals or businesses is a job that requires a variety of different skills to succeed, many of which are hard to teach.   Working in credit control is more than just collecting cash from late-paying customers. Good credit control is all about building strong relationships with customers and creating a rapport based on trust and mutual respect.   Navigating through difficult conversations, answering complex queries, and assessing risk is all part of the day-to-day job of a credit controller. If someone is to succeed in the role they need to be authoritative, knowledgeable and calm.   If you want to stand the best possible chances of getting paid on time, you’ll need someone who knows exactly how to make even the toughest customers pay up. But good credit controllers do more than simply chase late payments. They assess risks and build relationships with your customers.   Whether you take on the task yourself as a business owner or have a dedicated individual or department, it’s important that the person or people responsible for credit control have the required skills to do the job effectively, or your cash flow could suffer.   So, what does it take to be a successful credit controller?   These are just a few of the qualities I've learned over the years that will stand someone in good stead when doing credit control.   Thick-skinned Good Organisational skills Tenacity Good instincts Firm but fair approach Approachability Adaptability Sense of humour   The first and last ones on that list are possibly the most important.   As a credit controller, you'll get to see the best and worst of people. You'll get shouted at, lied to, cried on, accused of lying, being a bully and even taking food off the table; you need to remember it’s not really about you.   Do you have what it takes to be a good credit controller for your business?   #creditcontrol #creditmanagement #cashflow #skills

VACANCIES VACANCIES VACANCIES LETSHEGO FINANCIAL SERVICES Position: 𝐄𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐌𝐨𝐛𝐢𝐥𝐞 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐨𝐫𝐬 ×6 The role offers commission-based remuneration. Department: 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐢𝐞𝐬 𝐌𝐚𝐢𝐧 𝐏𝐮𝐫𝐩𝐨𝐬𝐞 Ensure prompt collection of payments from defaulted clients. Manage and address arrears delinquency. Develop strategies to improve the performance of the loan book. 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 A Bachelor’s degree Risk Management, Finance, Business Administration, Economics. 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 Minimum 2 years’ experience as Collection Officer in the Financial Institutions. 𝐊𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞 • Excellent knowledge of MS Office. • Familiarity with CRM practices along with ability to build business professional relationships. • Highly motivated and target driven with proven track record in Collections and Recoveries. • Excellent Collection, negotiation and communication skills. • Prioritizing, time management and organizational skills. • Ability to create and deliver presentations tailored to the Client needs. 𝐒𝐤𝐢𝐥𝐥𝐬 • Interacting with people and speaks confidently. • Articulating information and convincing people. • Good negotiation skills. • Good presentation skills. • Results driven. • Ability to communicate at all levels. • Ability to come up with new ideas and a fresh respective. • Planning & Organising. 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐚𝐛𝐥𝐞𝐬 /𝐂𝐨𝐫𝐞 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬 • Extracts daily loan arrears and review the status of the accounts from the system. • Prepare and analyses monthly arrears reports. Data Remediation as frequently as possible. • Attend to and resolve clients’ queries within the agreed TAT. • Contact and attend to those with unpaid instalments. • Prepare strategies for the work you will doing the nest morning. Best strategies gives good results. • Frequently up-date information in the system. • Ensure payments from defaulted clients are collected promptly by Lodge instalments on the system and preparing for debit order runs with Banks. • Attend to unbatched and unprocessed refunds accounts. • Ensure that all operational activity aligns with credit control objectives. • Ensure that the arrears delinquency grouping and roll rate is according to the buckets and done every month. • Ensure that manual write-offs are done and checked for overdue accounts. • Ensure that defaulting clients are rehabilitated and offered financial literacy. • Ensure that all credit procedures and controls are adhered to (Work in line with mapped processes). • Restructure and Rephasements management. more information on first comment #basothopele #fightingpoverty

🌟 Are you looking to excel in the field of credit control? As a recruiter, I have seen firsthand the importance of having the right qualifications and skills to succeed in this role. To excel in credit control, individuals need to have a strong understanding of financial principles, excellent attention to detail, and the ability to communicate effectively with both internal and external stakeholders. Additionally, having a proactive and problem-solving mindset, as well as the ability to work well under pressure, are crucial for success in this field. If you possess these qualifications and skills, you are well on your way to excelling in credit control and making a positive impact in the financial sector. 🔍 If you are looking to advance your career in credit control, I encourage you to continue developing these key qualifications and skills. Whether it's pursuing further education or seeking out opportunities to gain hands-on experience, investing in your professional development will set you apart in this competitive field. Remember, success in credit control is not just about managing finances, but also about building strong relationships and contributing to the overall financial health of an organization. Keep honing your skills and qualifications, and you will be well-positioned for a successful career in credit control. #CreditControl #FinancialSuccess #CareerDevelopment

🌟 Are you looking to excel in the field of credit control? As a recruiter, I have seen firsthand the importance of having the right qualifications and skills to succeed in this role. To excel in credit control, individuals need to have a strong understanding of financial principles, excellent attention to detail, and the ability to communicate effectively with both internal and external stakeholders. Additionally, having a proactive and problem-solving mindset, as well as the ability to work well under pressure, are crucial for success in this field. If you possess these qualifications and skills, you are well on your way to excelling in credit control and making a positive impact in the financial sector. 🔍 If you are looking to advance your career in credit control, I encourage you to continue developing these key qualifications and skills. Whether it's pursuing further education or seeking out opportunities to gain hands-on experience, investing in your professional development will set you apart in this competitive field. Remember, success in credit control is not just about managing finances, but also about building strong relationships and contributing to the overall financial health of an organization. Keep honing your skills and qualifications, and you will be well-positioned for a successful career in credit control. #CreditControl #FinancialSuccess #CareerDevelopment

#creditcontrol appears to be a high priority for a lot of businesses and the demand has risen significantly in the Q2 and Q3. It is not a one size fits all type of role though is it? We often find that, aside from the experience and skillset, emotional intelligence and personal style takes priority. Walking a tight rope balancing persistence and maintaining supplier relations is key. It's not about the role, it's about the person in this business critical role. A wise man said to me once, "credit control is like dribbling a ball downhill, you've got to keep on it because you'll never catch it otherwise". Thoughts?? Speak to Nicola McCallum about your needs and particularly these candidates who are working with Artemis Human Capital.

Why is having a good credit controller important? 🤔 Did you know...over half of all bankruptcies are due to poor economic management and around 50,000 SMEs in the UK go bankrupt every single year due to debts not being paid on time?* ❌ 💵 When customers make late or no payments it can create a cash flow problem for your business, this could lead to your company borrowing money from a bank or going into an arranged overdraft. As a result of this, it can create significant expenses due to interest rates and severely affect the financial position of your business💼 Having a Credit Controller to helps your business to firstly ensure that credit is only given to customers who can afford it, and that pay in a timely fashion⏰ By hiring a qualified and experienced Credit Control team to maintain stringent processes, you can reduce any debt to not only keeping your company afloat but can also help sustain growth📈 It is vital to have a robust system and talented employees in your credit control department as by building positive customer relations, they can encourage prompt payment and improve financial stability in your company – which is beneficial for maximising your business success rate💰 If your business requires a Credit professional, contact our specialist Credit Control team for a discussion about your needs on 020 7650 3199 📞 Alternatively, you can register a vacancy here for a callback: https://lnkd.in/ejKz8WRx *Half of SMEs suffer late payments - https://lnkd.in/ef4hCqt5