Accounts Receivable / Cash Allocation Administrator

Star Credit Recruitment Ltd
London (Central)
10 Jan 2018
15 Feb 2018
Contract Type
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


  • 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


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