Job Description: We are seeking an experienced and proactive Credit Manager to join our team and oversee our organization's credit risk management activities. The Credit Manager will play a crucial role in assessing creditworthiness, establishing credit policies, and managing the credit portfolio to minimize risk and maximize revenue. This role requires strong analytical skills, attention to detail, and a deep understanding of credit management principles.
Roles And Responsibilities
Assess the creditworthiness of potential customers using financial statements, credit reports, and industry data to make informed credit decisions.
Develop and implement credit policies, procedures, and guidelines to ensure consistent and effective credit risk management.
Monitor and analyze credit exposure, aging receivables, and payment trends, identifying potential risks and recommending actions to mitigate losses.
Evaluate customer credit applications and establish appropriate credit limits and terms based on risk assessment and company guidelines.
Negotiate and review credit agreements, terms, and conditions with customers, vendors, and financial institutions.
Collaborate with sales, finance, and legal teams to resolve credit issues, disputes, and collections, ensuring timely resolution and maintaining customer relationships.
Conduct regular credit reviews and assessments of existing customers, adjusting credit limits and terms as necessary based on performance and payment history.
Prepare and present credit reports, metrics, and analyses to senior management and stakeholders, providing insights into credit portfolio performance and trends.
Stay informed about regulatory changes, industry trends, and best practices in credit risk management, implementing strategies to enhance credit processes and controls.
Lead and mentor a team of credit analysts, providing guidance, training, and support in credit assessment and risk management practices.
Skills Required
Bachelor’s degree in Finance, Accounting, Business Administration, or related field (Master’s degree or certification in Credit Management preferred).
Proven experience as a Credit Manager, Credit Analyst, or similar role with a minimum of 5 years in credit risk management.
Strong knowledge of credit risk assessment methodologies, financial analysis, and credit scoring models.
Proficiency in credit management software, ERP systems, and Microsoft Office Suite (Excel, PowerPoint, Word).
Excellent analytical and problem-solving skills, with attention to detail and accuracy in financial analysis and risk assessment.
Strong negotiation and communication skills, with the ability to build and maintain relationships with internal and external stakeholders.
Ability to make sound credit decisions, prioritize tasks, and manage multiple priorities in a fast-paced environment.
Leadership abilities with experience in managing a team, fostering a collaborative work environment, and driving results.
Knowledge of regulatory requirements and compliance standards related to credit management and collections.
Compensation
The salary for this position will be competitive and commensurate with experience and qualifications.
Comprehensive benefits package including health insurance, retirement plans, and performance-based incentives.
Opportunities for professional development, career advancement, and leadership roles within the organization.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
Industries
Financial Services
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