Credit Specialist

Weightmans is a Top 45 law firm with offices throughout the UK. Having been recognised as the leading legal employer at the annual Britain's Top Employers awards and achieved record rankings in Chambers UK 2017, we are immensely proud of the work we carry out for our clients and the culture we provide to our people.

Our Finance team is made up of many teams that work together to support Weightmans' finance processes. The teams include: accounts; billing; credit control; management information; matter maintenance; and treasury.

PLEASE NOTE:  This role is fixed term for 6 months -  We have a number of positions available.

The responsibility of the Credit Control Team is to secure payment in accordance with the Firm’s Terms of Business and to ensure the Firm meets cash collection and DSO monthly targets.

Through excellent communications with internal and external Clients we must ensure that queries and disputes are followed up and resolved in a timely manner, utilising system processes and personal skills to provide accurate and detailed information to all Clients.

To focus on promoting the importance of Credit Management, following the Firm’s Credit Policy.

Main duties and responsibilities

To manage and minimise debt, on our Commercial and Claims client base, whilst striving to achieve Weightmans’ monthly cash target and debtor days - key focus being on debt 90 days and over for this particular role.

To utilise best practice  ‘best in practice’ processes and procedures, but looking for better ways to work with internal and external clients at all times.

Motivation being key to keeping in a positive frame of mind to ensure targets are met month on month.

To isolate a specific ledger of debt, in order to clear outstanding balances or deliver definitive answers relating to collectability – within the contracted period of six months.

To identify ways of working smarter within the wider team, encouraging better communication throughout Finance but most importantly firm wide.

To manage on a daily basis your own Ledger and provide assistance with our team’s overall Debtor’s Ledger if required.

To take an active part in promoting the team image within the business.

To monitor and report progress and escalate issues and ‘blockers’ to the Credit Manager so immediate action can be taken.

To meet with Fee Earners on at least monthly basis

To be able to make sound business decisions both on your own ledger and when assisting team members

To assist with month end reporting and Credit Committee reporting and preparation, specifically in relation to your focused ledger.

To monitor client monies, ensuring you review this on a weekly basis, moving money in accordance with SAR rules – also in liaison with the Revenue Assurance Team, who will process these for us.

• Experience working as part of a team within a Credit Management Team environment.
• Very good communication skills, being able to negotiate, persuade and enthuse people to embrace best Credit Control practice throughout the business.
• Excellent communication and persuasion skills with Clients who owe us money, sometimes from a long time ago.
• A positive attitude to dealing with people within the department, and getting the best from them, promoting a good self image, with a positive outlook on Weightmans’ procedures and practices.  As the role is to provide a service, being proactive to requests/information from internal and external clients is essential.
• Familiarity with 3E accounting system and ARCS 2G system would be an advantage
• Most importantly, the ability to learn new systems quickly.
• Good overall IT skills.

Please note:

• Any reference to experience or PQE in our adverts or job descriptions is to be used as a guideline only. We welcome applicants from all backgrounds and with different levels of experience who can demonstrate that they fulfil the requirements of the role.

• The successful candidate appointed to this role will be subject to our standard background checking process, and any offer of employment made is conditional upon successful completion of those checks. Further details can be obtained from the Recruitment team.