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Credit and Cost Controller - Bermondsey, United Kingdom - Virtual Human Resources

Virtual Human Resources

Verified Company

Bermondsey, United Kingdom

4 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

VHR wishes to recruit a Credit and Cost Controller to work directly for VHR and based at our central London headquarters situated in Bermondsey.

VHR is a multi award winning technical recruitment company headquartered in London supplying contact and permanent technical and professional staff to our clients within the Aerospace & Aviation, F1 & Motorsport, Engineering & Manufacturing, Marine, Civils& Infrastructure, Renewables & Energy, Defence & Security and Technology sectors.

VHR currently employs 35 members of staff across its 6 offices in London, Manchester, Abu Dhabi, Bologna, Prague and Nicosia and generates a turnover of approaching £20M annually.

ROLE DESCRIPTION
As the Credit & Cost Control Executive for VHR you will be responsible for;
1) Management of seven (7) UK and international ledgers totalling £3M in receivables (£5M pre

Covid)

2) Proactive collections against large volumes of open invoices in multiple currencies including GBP, USD, Euros, CZK and AED

3) Decision maker for credit terms provided to new and existing customers

4) Management of customer balances to minimise bad and doubtful debts

5) Management of legal processes for debt collection where required

6) Management of suppliers and negotiation of most favourable terms

7) Analysing VHR's costs on a monthly basis, and making recommendations for cost / efficiency savings.

KEY ACCOUNTABILITIES:

Managing and maintaining seven (7) ledgers totalling circa 80 client accounts.
Checking customers' credit ratings using Coface, Experian tools and Credit Insurance models
Management of relationship with our credit insurers to ensure we comply with the terms of the insurance.
Cash Flow management across the group of VHR Companies
Manage the relationship with our CID / Factoring provider
Secure new Factoring / CID facilities as required
Liaise with customers to ensure receipt of all invoices
Agree payment dates with customers for open invoices
Match customer payments against open invoices on the Company's accounting software
Submit weekly statements of account to all debtors
Reconcile creditors report to ensure all open invoices are submitted to the customer
Reconcile hard copy records with the Company's accounting software electronic records
Populate Company's contact database with customer Accounts Payable staff details
Recording of customer communication on the Company's contact database
Liaise with the relevant Company Account Managers and Directors in the event of persistent customer late payment
Identify and advise Management when a customers debt position necessitates the witholding of VHR's services
Manage legal process to recover debts where necessary with support from Company Directors
Liaise with the Company's Invoice Discounting service provider where required
Management Information reporting and maintenance of Excel models
Produce and analyse reports, making recommendations or highlighting areas for improvement. Problem solving for a wide range of issues.
Analyse VHR's spending on a monthly basis, making recommendations for cost savings
Negotiate with existing and new suppliers to achieve cost savings
Identify least cost/best value suppliers for new purchases