A Credit Controller plays a crucial role in managing a company's finances by ensuring timely payment of debts and maintaining the financial health of the organisation. Here are some key duties and responsibilities typically associated with this role:
1. Credit Assessments:
o Checking Customer Credit: Evaluating the creditworthiness of new customers based on industry standards.
o Approving or Denying Credit: Making decisions on whether to approve or deny credit to customers.
2. Payment Plans and Terms:
o Negotiating Payment Plans: Working with customers to set up payment plans and terms.
o Setting Up Repayments: Ensuring that customers pay on time and charging them for overdue invoices.
3. Debt Recovery:
o Legal Proceedings: Initiating legal proceedings if clients fail to pay their debts on time.
o Liaising with Solicitors and Bailiffs: Coordinating with legal professionals when necessary.
4. Record Keeping:
o Maintaining Accurate Records: Keeping track of financial transactions related to credit control.
o Implementing Changes: Updating the company's credit control system as needed.
5. Communication and Teamwork:
o Regular Communication: Interacting with clients, customers, and colleagues.
o Team Collaboration: Working as part of a team to manage credit control effectively.
If you're interested in this role, ...