Credit Management July and August 2020

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INTRODUCING OUR CORPORATE PARTNERS For further information and to discuss the opportunities of entering into a Corporate Partnership with the CICM, please contact corporatepartners@cicm.com THEY'RE WAITING TO TALK TO YOU... Dun & Bradstreet Finance Solutions enable modern finance leaders and credit professionals to improve business performance through more effective risk management, identification of growth opportunities, and better integration of data and insights across the business. Powered by our Data Cloud, our solutions provide access to the world’s most comprehensive commercial data and insights supplying a continually updated view of business relationships that help finance and credit teams stay ahead of market shifts and customer changes. T: (0800) 001-234 W: www.dnb.co.uk Tinubu Square is a trusted source of trade credit intelligence for credit insurers and for corporate customers. The company’s B2B Credit Risk Intelligence solutions include the Tinubu Risk Management Center, a cloud-based SaaS platform; the Tinubu Credit Intelligence service and the Tinubu Risk Analyst advisory service. Over 250 companies rely on Tinubu Square to protect their greatest assets: customer receivables. T: +44 (0)207 469 2577 / E: uksales@tinubu.com W: www.tinubu.com. Advancing the credit profession / www.cicm.com / July & August 2020 / PAGE 38
CAREERS ADVICE STAYING AHEAD Why open-mindedness is a credit professional’s biggest asset. AUTHOR – Karen Young AS lockdown restrictions begin to slowly relax, our world of work shows signs of gradually returning to some semblance of normality. While many of us will welcome a return to established ways of working, we still have a significant period of change and adjustment ahead, which might have even the most confident in their jobs questioning what this means for their career. As we navigate these uncharted waters, new opportunities will be cropping up in fresh areas of demand. Here’s why keeping an open mind will therefore be a professional’s biggest asset to handle our everchanging world of work. NEW DEMAND BRINGS NEW OPPORTUNITIES To keep their organisations afloat during what has been a period of complete turmoil, leaders have recognised that they need a robust workforce in place who are equipped with the right skills. New demand brings with it new opportunities, so it’s in professionals’ interest to maintain an awareness of this. In terms of specialist skills in demand, according to recent research in the Hays Market Insights report, those that top the list are: • Managerial & leadership skills • Operations skills • Project & change management skills As always employers are looking for the whole package when it comes to a strong candidate, so soft skills or competencies like communications, problem-solving and flexibility are also in demand. If any of these resonate with your own skills profile, then it’s likely that your CV will stand out to those hiring – so staying open-minded about where your skillset could take you will help you capitalise on any new opportunities. INDEPENDENT LEARNING IS WORTH MORE THAN YOU THINK If you don’t feel your skills profile matches up to some of the skills in demand right now, that doesn’t mean you have to rework your entire skillset or that you won’t be able to progress and pursue new opportunities. Since entering lockdown, many of us have upskilled personally or professionally, some by necessity in the job, and some because they have found some extra time in their hands, which has the potential to illuminate new opportunities which weren’t available previously. Make sure that any new skills you acquire are highlighted on your CV and on your LinkedIn. While certain skills like learning a language, taking a coding course or refining your Microsoft Excel skills may directly enhance your career, it’s demonstrating your initiative and commitment to independent learning and independent thinking which will make you stand out in your current job or to a potential new employer. YOUR CAREER PROSPECTS ARE A PRIORITY One of the biggest impacts the coronavirus has had on professionals across the board is on career prospects. Roughly half (49 percent) of professionals working in credit describe their career prospects as average or poor, indicating that professionals now feel less confident in their ability to progress their career since the onset of the pandemic. If you’ve experienced these feelings recently, you’re not alone. Professionals working across all areas of finance tend to be dedicated and driven, so it’s frustrating not to be guaranteed clear progression in your role. My advice is to harness your hunger for a new challenge by seeing how you might be able to step up. Approach your manager with your intentions to progress and listen to what they have to say about your development. Be prepared for constructive feedback about what you need to do to get to the next level. If the progression pathway at your current organisation doesn’t align with your goals, make it clear to your trusted recruiter that this is a high priority for you when the time comes to move roles. By maintaining an open-minded mindset and a high level of awareness, you’ll be well equipped to handle the change which comes with crisis recovery. Whether it’s capitalising on in-demand skills in your own skillset, making use of new expertise you’ve acquired since the onset of the pandemic or negotiating your career prospects, keeping an open mind will put you in the best position as we continue to navigate this new era of work and continuous change. Karen Young is Director at Hays Credit Management. Advancing the credit profession / www.cicm.com / July & August 2020 / PAGE 39
Page 1 and 2: CREDIT MANAGEMENT CM JULY & AUGUST
Page 3 and 4: 14 CARRY ON REGARDLESS Matthew Godb
Page 5 and 6: GET YOUR CREDIT CONTROL SALARY SURV
Page 7 and 8: NEWS ROUNDUP Association adopts pos
Page 9 and 10: THE CICM THINK TANK > THE NEWS IN B
Page 11 and 12: INSOLVENCY PRIME STAKE Insolvency P
Page 13 and 14: INSOLVENCY EXCLUSIVE The Moratorium
Page 15 and 16: ASK THE EXPERTS IN this series, we
Page 17 and 18: COMMERCIAL COLLECTIONS PERSONAL ACC
Page 19 and 20: COMMERCIAL COLLECTIONS AUTHOR - Sea
Page 21 and 22: SECTOR COMMENT DINING OUT Has the r
Page 23 and 24: OPINION AUTHOR - John Ricketts FCIC
Page 25 and 26: LEGAL MATTERS AUTHOR - Peter Walker
Page 27 and 28: VIEW FROM THE SEA FRONT AUTHOR - Da
Page 29 and 30: EDUCATION & MEMBERSHIP Which CICM q
Page 31 and 32: Handy Andes are not to be sniffed a
Page 33 and 34: COUNTRY FOCUS France is our nearest
Page 35 and 36: COUNTRY FOCUS AUTHOR - Adam Bernste
Page 37: Each of our Corporate Partners is c
Page 41 and 42: It needn’t be that hard. Imagine
Page 43 and 44: OPINION AUTHOR - Chris Sanders FCIC
Page 45 and 46: PAYMENT TRENDS Data supplied by the
Page 47 and 48: OPINION LADIES FIRST A talk at a La
Page 49 and 50: PERSONAL DEVELOPMENT Making Memorie
Page 51 and 52: HR MATTERS Vicarious Living Indiscr
Page 53 and 54: INSPIRE ME IN THE NEW ERA OF WORK Y
Page 55 and 56: More reasons to be a member Make co
Page 57 and 58: FOR ADVERTISING INFORMATION OPTIONS
Page 59 and 60: PAYMENT SOLUTIONS ARE YOU A LEADER

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