Credit Controller job interview

DVardysShadow

geek84 wrote: »

Hi JCS1

Many tHanks for your reply.

So, I presume to calculate the debtor days for a month you divide by 30, and for a quarter you dIvide by 91 etc. Can you tell me what DSO stands for?

Also, i weNt into Companies House website. I got a bit lost, so will be you be kind enough to tell me how I get the company accounts?

Thanks in advance

I think you multiply. And by the power of cut and paste I think it would be

value of trade debtors at end of financial year,quarter,month divided by total sales for the year,quarter,month and then multiply by 365,91,30.

MrRedundant

A few points

Firstly traditionally Credit Controllers and Debt collectors are different jobs. A credit controller is by their nature controlling credit. They will be making decisions on what level of credit people deserve that both maximises the sales and minimises credit losses. Relationship building and analysing will be key.

Credit Controllers aren't normally senior positions but neither are they entry level positions. You show a clear lack of understanding of simple credit control terms and thus in my view are not appropriately qualified or experienced for this job. Why exactly are you applying for it?

I would expect the interview to be two pronged and look at both credit control knowledge and some scenarios that a controller might encounter and how they would proceed. Based by your post you have little hope on either front.

MrRedundant

Oh the ratio is Trade Debtors Average/Sales x 365. This is then compared to market average/acceptable levels to decide if an issue exists.

One thing to bear in mind though and is more prevalent than ever these days is that this is a historical ratio; the current is far more important and you will likely find that whilst you will be evaluated on debt losses and debtor days you will have to use far more current minded techniques to evaluate credit worthiness.

kev.s

your complete lack of knowledge of the job itself tells me you are far less than qualified.