Credit Manager (225-811)

A Credit Manager plays a critical role in the financial services industry, overseeing the credit granting process and ensuring effective credit risk management. This strategic position involves evaluating the creditworthiness of applicants while balancing risk and profitability for the organization. A Credit Manager is responsible for developing and implementing credit policies and ensuring compliance with relevant regulations and standards. They collaborate closely with sales, collections, and accounting departments to optimize the credit process. With a keen eye for detail, strong analytical skills, and the ability to make data-driven decisions, a Credit Manager ensures that the company maintains a healthy balance between credit risk and business opportunity. This position requires excellent communication skills, as it involves negotiating terms and building relationships with clients to support the organization's growth and success.

Responsibilities

• Analyze financial data to assess the creditworthiness of potential clients.
• Develop and implement comprehensive credit policies and procedures effectively.
• Ensure the credit processes align with legal regulations and company standards.
• Monitor and manage the organization's credit portfolio for risks and opportunities.
• Negotiate credit terms with clients to optimize business agreements.
• Coordinate with sales and collections teams to resolve credit-related issues.
• Generate detailed reports on credit performance for senior management review.
• Maintain records of credit transactions accurately and systematically.
• Provide training and support to team members on credit management practices.
• Assess and revise credit limits for existing clients when necessary.
• Identify areas for improvement in the credit process and implement solutions.
• Collaborate with other departments to foster a seamless credit operation.

Requirements

• Bachelor's degree in finance, accounting, business administration, or a related field.
• Minimum of five years of experience in credit management or a similar role.
• Strong knowledge of credit analysis, credit risk management, and policies.
• Proficient in credit reporting software and financial analysis tools.
• Exceptional analytical, problem-solving, and decision-making abilities.
• Excellent communication and negotiation skills to interact with clients effectively.
• Detail-oriented with the ability to manage multiple tasks simultaneously.