Accountant

A Credit Control Accountant is responsible for safeguarding a company's revenue by managing the end-to-end debt collection process while maintaining accurate financial records. This role combines proactive payment follow-up with core accounting tasks to ensure a healthy cash flow. EAE Madrid +3

Core Responsibilities

• Payment Follow-up & Collections:
• Proactively chase overdue invoices via phone, email, and formal letters to minimize Day Sales Outstanding (DSO).
• Negotiate and monitor repayment plans for customers facing financial difficulties.
• Identify and resolve customer billing disputes or queries that may delay payment.
• ies that may delay payment.
• Credit Management:
• Assess the creditworthiness of new and existing customers using financial reports and credit scoring tools.
• Establish and regularly review credit limits and payment terms.
• Monitor debtor aging reports to identify and alert management of high-risk accounts.
• Accounting Functions:
• Accurately record and allocate incoming payments against open invoices in the accounting system.
• Perform regular reconciliations of customer ledgers and bank accounts.
• Generate and issue customer statements, reminder notices, and credit/debit notes.
• Assist in month-end closing activities, such as bad debt provision and financial reporting. AFP | The Association for Financial Professionals +13

Required Skills

• Accounting Proficiency: Solid understanding of general accounting principles, double-entry bookkeeping, and accounts receivable (AR) processes.
• Technical Knowledge:
• Software: Competency in ERP systems (e.g., SAP, Oracle, QuickBooks) and advanced Excel skills for data analysis.
• Regulatory: Familiarity with relevant credit and collection laws, and in some regions, specific accounting standards like Ind AS.
• Interpersonal Skills:
• Communication: Strong verbal and written skills to handle sensitive payment conversations professionally.
• Negotiation: Ability to remain firm yet diplomatic to secure payments while maintaining positive customer relationships.
• Analytical Skills: Keen attention to detail for spotting billing discrepancies and evaluating financial data to assess risk. AFP | The Association for Financial Professionals +12

Education and Experience

• Degree: Minimum of a Bachelor’s degree in Accounting, Finance, or a related field.
• Experience: Typically requires 1-2 years of experience in credit control or accounts receivable.