Accounts Receivable Specialist Cash Collection

At ASSA ABLOY Global Solutions, our strength is the efficiency with which we deliver leading-edge products and support to those we serve. We are proud to set the standard for success in our industry. We are looking for a strong, talented individual to support our Finance team with the requirements for an Accounts Receivable Specialist, Cash Collection.

The Accounts Receivable Specialist, Cash Collection will be based in our Reading office and will report to the Accounts Receivable Team Leader, for ASSA ABLOY Global Solutions UK Ltd.

Position summary

As an Accounts Receivable Specialist specializing in Cash Collections, you will be a pivotal figure in ensuring prompt and accurate receipt of payments, utilising SAP S/4HANA. Reporting to the AR Team Leader, your responsibilities including managing end-to-end cash collection processes, maintaining precise records, and actively contributing to process optimisation.

Main Duties of Job

• Oversee and enhance end-to-end cash collection processes for timely receipts of payments, for all outstanding items due on assigned accounts.
• Effectively communicate with customers, resolving payment discrepancies and facilitating resolution of outstanding invoices
• Update and maintain accurate customer accounts, payments, and interactions with SAP S/4HANA system.
• Reconcile payments with outstanding invoices ensuring precision.
• Perform credit checks on customers and set appropriate credit limits to minimise financial risks.
• Strategically reduce aged debt, applying effective techniques to accelerate collections.
• Generate and send dunning letters to customers, maintaining proactive communication on outstanding balances.
• Reconcile customer accounts, statements ensuring accuracy and addressing discrepancies promptly.
• Prepare aging reports, to analyse and manage overdue accounts effectively.
• Collaborate with customers and internal teams, providing payment information and promptly resolving issues.
• Generate and analyse reports related to cash collections using SAP, offering insights for continues improvement.
• Identify and implement enhancements to cash collection processes within SAP contributing to increase efficiency.
• Provide support for AR month end activities, ensuring a smooth and accurate financial close.
• Effectively manage and respond to communications in the shared mailbox, ensuring timely and accurate information dissemination
• Ensure adherence to relevant regulations and company polices in all cash collection activities.

Requirements

• Bachelor’s degree in accounting, Finance, or a related field (desirable)
• Proven experience in accounts receivable, with a focus on cash collections and proficiency in SAP S/4HANA
• Strong communication and interpersonal skills for effective customer interactions
• Strong analytical skills with the ability to interpret financial data using SAP tools and make informed decisions.
• Significant hands-on business experience with accounting functions
• Strong commercial and strategic understanding
• Must be fluent in English (oral & written)
• Able to manipulate data and have reasonable Excel skills.
• Ability to maintain the accuracy of accounts to ensure accurate company financial statement reporting.

Characteristics required.

• Conscientious and pro-active with the ability to lead and co-ordinate effectively.
• Competent communication skills with the ability to liaise with all levels.
• Self-driven, results-oriented entrepreneurial person with a positive outlook and a clear focus
• Ability to work both within a defined structure as well as independently.
• Ability to operate in an environment of teamwork, common goals, and transparency.
• A commitment to adhere to the highest ethics and comply fully with ASSA ABLOY’s Code of Conduct

Why ASSA ABLOY:

Working for ASSA ABLOY means that you will be part of a dynamic environment, developing innovative solutions to improve our customers' lives. Joining ASSA ABLOY, the global leader in access solutions, means being part of a fast-moving company with many opportunities.

We offer competitive wage, pension and insurance schemes and a pleasant and cooperative working environment in modern localities.

Would you like to join us in opening doors to the future?

We are the ASSA ABLOY Group
Our people have made us the global leader in access solutions. In return, we open doors for them wherever they go. With nearly 63,000 colleagues in more than 70 different countries, we help billions of people experience a more open world. Our innovations make all sorts of spaces – physical and virtual – safer, more secure, and easier to access. 

As an employer, we value results – not titles, or backgrounds. We empower our people to build their career around their aspirations and our ambitions – supporting them with regular feedback, training, and development opportunities. Our colleagues think broadly about where they can make the most impact, and we encourage them to grow their role locally, regionally, or even internationally.

As we welcome new people on board, it’s important to us to have diverse, inclusive teams, and we value different perspectives and experiences.