Preparing for Your Credit Control Interview - Portfolio Credit Control (2024)

The recruitment consultants at Portfolio Credit Control will work tirelessly to ensure your name is in the frame for the best opportunities around. We will highlight your skills to potential employers and find roles that suit the criteria you’re looking for at this important stage in your career.

However, once you get to the interview stage, it falls you to show the employer that you’re the best person for the job.

While we obviously can’t be in the room with you, we do have a lot of experience working with businesses and we know the kind of questions they will ask. Here’s what you should be prepared to talk about.

Your reasons for applying

This is something every employer wants to know, and we all know what the right and wrong answers are here.

Generally speaking, honesty is the best policy. You should be applying because you are passionate about working in credit control, while you will also have researched the company in question and found things that made you decide to press ahead with your application.

You need to let this shine through when you’re talking to recruiters. Enthusiasm and evidence that you know a bit about their company are key to getting your name near the top of their list.

Of course, there are obvious things you shouldn’t say. Don’t mention salaries at this stage, nor should you cite how close the office is to your home as a reason for your application – even if you do this in jest, the recruiter has only just met you so it may not be clear.

Your qualifications and experience

Not every credit control recruiter regards qualifications as a deal-breaker. Many are happy to use your past experience as evidence enough that you are right for a role.

Either way, you should demonstrate how what you’ve learned can be applied to the role you’re interviewing for.

If your role is one that requires you to possess CICM accreditation, you may be asked what inspired you to pursue such a qualification. While career progression will likely have been a driving factor, you should instead focus on how what you’ve learned has helped you grow in your current role.

Similarly, you might be asked about your current role, and how what you do for your employer helps the business. This will give the recruiter a chance to assess whether your skills would translate well to their work environment.

Your strengths and weaknesses

An interview is a chance to highlight your credentials, so don’t be shy about doing so. You should make sure that you have specific examples of why your attributes will be useful. For example, if you have good interpersonal skills, talk about how this has helped you work as part of team and deal with a range of clients.

You will also be asked about your weaknesses. Everyone has a weakness, including you, so you should have something prepared here that you can turn into a positive. For example, you could talk about ways in which you’re looking to improve in certain areas, either through training or putting your name forward for tasks that push you outside your comfort zone.

This option is much better than overstating the experience you really have, as you will only get found out later.

You can also expect questions that allude to specific scenarios you might be faced with in your role, such as:

  • How would you approach a client who has a payment overdue?
  • How would you deal with a client who was refusing to pay?
  • How would you handle a client who became angry or aggressive?

These are questions you will know the answer to, so remain calm and draw on your own experience to discuss these topics.

Need help breathing new life into your credit control career?

If you’re looking for new opportunities, Portfolio Credit Control can help. We’ll provide you with a dedicated recruitment consultant who will be there to support you throughout the process and ensure your CV gets in front companies where you can really thrive.

Call us now on 020 7650 3199.

View Our Resources

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Preparing for Your Credit Control Interview - Portfolio Credit Control (2024)

FAQs

Why do you want to work in credit control? ›

Your answer should show that you have an interest in accounting and finance, as well as how you plan to use your skills to help others. Answer Example: “I've always been interested in numbers and money management.

Is credit controller a stressful job? ›

Stressful situations: Dealing with overdue accounts can be stressful, especially when faced with difficult or uncooperative customers. It requires resilience and the ability to remain calm and professional in challenging situations.

Is credit control difficult? ›

Credit Controllers have one of the most challenging yet important roles in a business, and a good Credit Controller is hard to find.

What skills do you need to be a credit controller? ›

Skills and knowledge
  • customer service skills.
  • to be thorough and pay attention to detail.
  • maths knowledge.
  • administration skills.
  • excellent verbal communication skills.
  • active listening skills.
  • persistence and determination.
  • patience and the ability to remain calm in stressful situations.

What are the main objectives of credit control? ›

Credit Control Objectives

To maintain an acceptable amount of liquidity in order to achieve a high rate of economic growth while maximising resource use without causing severe inflationary pressure. To achieve stability in the country's currency rate and money market.

What is credit control in simple words? ›

Credit control is a business strategy that promotes the selling of goods or services by extending credit to customers. Most businesses try to extend credit to customers with a good credit history to ensure payment of the goods or services.

How much does a credit controller earn in USA? ›

Credit Controller Salary
Annual SalaryHourly Wage
Top Earners$150,000$72
75th Percentile$150,000$72
Average$90,862$44
25th Percentile$56,000$27

Do controllers make a lot of money? ›

The average Controller salary for women is $162,488 and the average Controller salary for men is $139,428.

How much do credit controllers make at booking? ›

Booking.com Credit Controller Monthly Pay in Amsterdam, Netherlands. The estimated total pay range for a Credit Controller at Booking.com is €3K–€4K per month, which includes base salary and additional pay. The average Credit Controller base salary at Booking.com is €3K per month.

What are the two difficulties of credit control? ›

2 Lack of control in all Bank :- Central bank has no direct control in all banking institutions in the country. Central bank does not have that much control in foreign banks as it has on domestic banks. 3 Lack of control on ultimate use of Credit :- Central bank cannot put a control in the ultimate use of credit.

What is the day in the life of a credit controller? ›

Day to day, you will find Sandra allocating cash, recording and managing payments received and communicating with our valued customers to facilitate timely payments.

What are the disadvantages of credit control? ›

Disadvantages of Credit Control

With its implementation, financial institutions may face: Increased administrative costs of credit management. Reduced sales due to strict policies and terms. Challenges in balancing sales growth and credit control.

How much do assistant credit controllers make? ›

Recent salaries shared for Credit fulfilment assistant
Job title LocationTotal Base | AdditionalDate or time posted
Credit fulfilment assistant United Kingdom£39K /yr £39K | £016 Jul 2024
Credit Control Assistant United Kingdom£30K /yr £30K | £01 Jul 2024
Credit Control Assistant United Kingdom£22K /yr £22K | £020 Feb 2024

Why do I want to be a credit controller? ›

As a credit controller, you'll learn all sorts of new skills, such as how to recover a debt from an individual, how to manage company debt, and how to process payments. These might not sound like the most glamorous tasks, but they are valuable life skills.

How do I prepare to be a controller? ›

Students interested in becoming a controller typically study in an area such as accounting, finance, business or economics. They must acquire a minimum of five years of relevant professional experience, and some controller jobs can require upwards of 10 years of experience.

Why do you want to work as a financial controller? ›

Why do you want to become a Financial Controller? “I want to be a financial controller because I thrive on the level of responsibility that comes with the position. It is also a great match for my qualifications. I am passionate about finance, and my highly-organized approach to work suits to the role.

Why should we hire you as a credit officer? ›

Strong analytical and problem-solving skills: A successful credit officer needs to be able to quickly and accurately assess a borrower's financial situation, identify any potential risks, and come up with solutions to mitigate those risks.

Why do you want this job best answers? ›

Explain how specific aspects of the company culture align with your work style and preferences. If you value collaboration, mention how the company's emphasis on teamwork appeals to you. If you're driven by learning, highlight the company's commitment to continuous learning and development.

Why do you want to work in internal control? ›

In a business setting, internal controls play a crucial role by providing cohesion and consistency. They create a structured environment with established policies and processes, overseen by responsible business functions that regularly review and refine these controls to ensure their effectiveness and accuracy.

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