Invoice Discounting Executive

Recruiter
iRecruit Partners Ltd
Location
Basingstoke
Posted
23 Nov 2018
Closes
18 Jan 2019
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
iRecruit Partners are working with a company in Basingstoke who are searching for a Invoice Discounting Executive to join their team. The purpose of this role is to ensure the security through efficient and effective management of a portfolio of clients. Providing all administration support to the Operations Team and delivering excellent customer service to all clients, prospect clients, internal and external customers. Ensuring appropriate practices and procedures are followed and ensure best practice is shared and implemented within the operating company and the group. Also assisting the operations team to maximise business opportunities.

MAIN RESPONSIBILITIES:

Reporting

* Completion of Month End Reconciliation, with all associated documentation.

* Operate effective chasing process of MER pack (including all associated documents e.g.Bank statements, retro accruals) for your portfolio of clients. Report exceptions to the Relationship Manager & Assistant Relationship Manager.

* Ensure timely reporting of Bad Debt Protection in line with KPC’s.

Day to day administration

* Complete Month End Reconciliation Process for your portfolio of clients, including due diligence and checking of all items submitted by the client. Attempt to balance MER, and support clients in their endeavours to do the same.

* Investigate MER differences and input reserves as appropriate, including ageing contras and general reserves.

* Sign off MER’s and escalate to appropriate RM for approval in a timely manner. Escalate matters of risk concern to appropriate RM and ARM.

* Monitor Credit Limits and High Involvements in line with KPC.

* Prepare client payments in line with authority limits.

Ad hoc tasks

* Participate in team related activities.

* Any other duties commensurate with the level of responsibility of this role, for which the role holder has the necessary experience and/or training.

* Support Data processing function as and when required - input and allocation of cash, refunds, payments, invoices and credit notes and daily balancing.

* Ensure all Health & Safety Regulations are adhered to – implement any changes.

REQUIRED SKILLS AND EXPERIENCE:

Requirements of the role:

* Experience – Proven experience of working in an office environment

* Skills – Confidentiality, numeracy and literacy; IT – Microsoft Office, in particular Excel and PowerPoint; administration, planning and organising; customer service skills and ability to work alone whilst being a team player

* Qualifications – Not applicable

Desirable for the role:

* Experience - In the financial service sector, taking minutes, receptionist duties

* Skills – Finance product knowledge, experience supporting an operational team,

* Qualifications – NVQ - administration, customer service or business related

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