Accounts Receivable Analyst

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London
Permanent
£40,000 - £45,000 per year
My client is retail company specialising in high end luxuty beauty.They are looking to hire an Accounts Receivable Analyst on a permanent basis, this is a brand new position as the company is growingThey are a leading company in the Luxury Beauty sector. As they continue to grow and expand their operations, they are seeking an experienced professional with strong analytical skills, Excel proficiency, and a proactive attitude to join their team as an Accounts Receivable Analyst. The role involves supporting the Credit Manager in streamlining the Order-to-Cash (OTC) process across various legal entities, ensuring accuracy, and minimizing errors.My client is based in London, close to Bank station but they are offering a hybrid work pattern.Sector: RetailJob DescriptionRole Overview: As the Accounts Receivable Analyst, you will play a crucial role in streamlining the group-level OTC process for different legal entities. Your responsibilities will include assisting with receipt allocation, contingency planning, and overseeing Accounts Receivable for the European and American clusters. Your analytical mindset and proactive approach will be instrumental in driving efficiency and optimizing cash flow forecasting. Additionally, you will support the Credit Manager in creating a credit policy at the group level, ensuring control and risk management across the organization.Responsibilities:Streamline Group-Level OTC Process: Collaborate with the Credit Manager to optimize the OTC process, covering order processing, invoicing, cash application, and collections for multiple legal entities.Receipt Allocation: Accurately allocate daily receipts, initially in Europe, and subsequently in the US.Contingency Planning: Develop and implement contingency plans for uninterrupted OTC operations during absences or holidays.AR Function Oversight: Assist the Credit Manager in monitoring collections and managing outstanding invoices for European and American clusters.Cash Flow Forecasting: Collaborate with the finance team for effective cash flow forecasting and informed decision-making.ERP Utilization: Efficiently use relevant ERP systems like Netsuite, IBM, and Dynamics for OTC process optimization.DSO Optimization: Support the Credit Manager in reducing Days Sales Outstanding (DSO) through effective collections strategies.Client Communication: Maintain clear communication with clients regarding payment status and dispute resolutions.Excel Proficiency: Utilize Excel functions, pivot tables, and ad hoc reports for data analysis and financial modeling.Proactive Attitude: Take a proactive approach to problem-solving and take the initiative to identify areas for improvement in OTC processes and suggest innovative ideas to enhance efficiency.Attention to Detail: Exercise meticulous attention to detail while performing tasks to ensure control, accuracy, and minimize errors throughout the OTC process, cash application, and collections.Support Credit Policy Creation: Collaborate with the Credit Manager in developing a comprehensive credit policy at the group level. Assist in designing credit risk assessment procedures, credit limits, and terms for various legal entities within the organization.The Successful ApplicantRequirements:Experience: Minimum of 5 years of relevant experience in finance, preferably in an OTC or AR function.Analytical Skills: Strong analytical thinking and problem-solving abilitiesCommunication: Excellent verbal and written communication skills to interact with internal teams, clients, and stakeholders.ERP Proficiency: Prior experience with ERP systems, such as Netsuite, IBM, Dynamics or SAP and Sage is highly desirable.Cash Flow Management: Familiarity with cash flow forecasting and optimization techniques.Organizational Skills: Demonstrated ability to prioritize tasks, manage deadlines, and handle multiple responsibilities.Team Player: Proven ability to work collaboratively with cross-functional teams to achieve common goals.What's on OfferThe successful candidate will be paid £40,000 to 45,000 per annum depending on experience.This website has app functionality. Add it to your home screen for fast access and offline features.
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Page Personnel
is part of PageGroup. Page Personnel is a trading name of Michael Page International Recruitment Limited. Registered in England No. 04130921 Registered Office:
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