Position Overview: We are seeking a diligent and experienced Credit Manager to join our financial management team. The Credit Manager will play a critical role in overseeing the credit risk assessment, credit approval process, and credit portfolio management within our organization. This position requires strong analytical skills, credit evaluation expertise, and the ability to manage credit policies and procedures effectively.
Roles And Responsibilities
Credit Risk Assessment: Evaluate the creditworthiness of potential borrowers and counterparties by analyzing financial statements, credit reports, cash flow projections, and other relevant financial data.
Credit Analysis: Perform detailed credit analysis to assess risk factors, including industry trends, market conditions, and economic indicators affecting credit decisions.
Credit Policy Development: Develop and implement credit policies, procedures, and guidelines to ensure consistent and prudent credit risk management practices.
Credit Approval: Manage the credit approval process, including reviewing credit proposals, assessing credit risks, and making informed credit decisions in accordance with established policies and risk tolerance.
Portfolio Management: Monitor and manage the credit portfolio, including periodic reviews, credit limit adjustments, and proactive portfolio risk management strategies.
Client Relationships: Maintain relationships with clients, internal stakeholders, and external credit agencies to facilitate credit assessments, resolve credit-related issues, and enhance credit decision-making processes.
Risk Mitigation: Identify potential credit risks and develop risk mitigation strategies, including collateral requirements, credit enhancements, and loan restructuring plans.
Compliance and Reporting: Ensure compliance with regulatory requirements, internal policies, and industry standards related to credit risk management and reporting.
Team Leadership: Supervise and mentor credit analysts and support staff, providing guidance, training, and support in credit analysis and decision-making processes.
Continuous Improvement: Stay updated on industry trends, best practices, and regulatory changes in credit risk management to enhance credit policies, procedures, and operational efficiencies.
Skills Required
Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or related field (Master’s degree or professional certification such as CFA, CPA preferred).
Proven experience as a Credit Manager, Credit Analyst, or in a similar role within financial services, banking, or corporate finance.
Strong knowledge of credit analysis techniques, financial modeling, risk assessment, and credit risk management practices.
Excellent analytical and problem-solving skills, with the ability to interpret complex financial data and make informed credit decisions.
Effective communication and interpersonal skills, with the ability to interact with clients, senior management, and internal stakeholders.
Leadership capabilities, with experience in managing a team and fostering a collaborative and productive work environment.
Proficiency in financial analysis software, credit scoring models, and Microsoft Office Suite (Excel, Word, PowerPoint).
Ethical standards and integrity in handling confidential financial information and sensitive data.
Compensation
Competitive salary based on experience and qualifications.
Performance-based bonuses and incentives tied to credit portfolio performance and risk management effectiveness.
Comprehensive benefits package including health insurance, retirement plans, and professional development opportunities.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
Industries
Financial Services
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