Accounts Receivable / Cash Allocation Administrator

Recruiter
Star Credit Recruitment Ltd
Location
London (Central)
Posted
10 Jan 2018
Closes
15 Feb 2018
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time

An excellent opportunity for an accounts receivable / cash allocation specialist to join the EMEA subsidiary of international business with impressive blue chip clients. City of London.

As accounts receivable administrator you will perform a variety of tasks related to the daily operations of cash management within the business (EMEA turnover approximately £80 million per annum).

Key Responsibilities

  • Posting of multicurrency cash receipts for all Bank Accounts
  • Identify cash in line with customer remittance details
  • Allocation of cash receipts to the correct company ledger
  • Follow up, and identify for posting, any unknown cash receipts via bank, internally or through customer
  • Process Credit Card Transactions on line, and ensure all payment information remains secure
  • Reconcile the 'daily receipts posting journal’ against the bank statement, to ensure both are in agreement. Reconciling bank statements entries with customer payments. Reconcile all banks and cash ledgers on a monthly basis.
  • Resolve reconciliation issues through posting adjustments and corrective journals. Month end reconciliations, deciding which accounts need to be "provided for" as bad debts
  • Assist clients; answer informational inquiries regarding all aspects of cash management across the ledger
  • Respond to and resolve customer complaints and concerns, to maintain and enhance positive customer perceptions of all areas of the accounts receivable and billing department activities.
  • Communicate and resolve any internal query regarding payment details as seen in the cash control spreadsheet
  • Flag any large unknown payment amounts internally
  • Prepare a daily cash control spreadsheet plotting receipts against targets
  • Compile data for, and assist in preparation of, any needed financial reports.
  • Maintain security of cash, cheques, and credit card details at all times.
  • Archive all historical information over 3 months old in an easily identifiable manner
  • Perform related or standard work or other related duties to assist other service areas
  • Raise Pro-Forma Invoices
  • Billing / Sales Ledger: Occasional manual customer sales invoices and credit notes

Knowledge Skills and Experience Required

  • The ability to manage accounts receivable administration - cash allocation, invoicing, and some journal entries
  • Knowledge of multicurrency manual cash processes, awareness of automated and online banking services and reconciliation techniques.
  • Problem solving skills. Mathematical aptitude
  • Good interpersonal communication skills.
  • Ability to interact effectively with a diverse customer base.
  • 2 years’ cash handling / Cashier / Cash Allocation experience within an accounts receivable or credit control department.
  • IT literate - Advanced in Excel, proficient in Word and PowerPoint

Advantageous:

  • Has worked with blue chip customers / corporate clients
  • Has liaised with Financial Shared Service Centres
  • Knowledge of Billing and Collections procedures
  • Familiarity with Purchase to Pay Policies
  • Experience of working in multiple currencies
  • AAT qualification

Benefits:

  • Temp (circa £14 per hour) or Temp to Perm: Salary circa £25,000 plus benefits including Company Contributory Pension