Credit Manager
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Overview of Credit Manager
A Credit Manager is responsible for overseeing the credit granting process, managing the credit department, and ensuring the company's credit policy is followed. Credit Managers conduct thorough credit checks and risk assessments to minimize bad debt and maintain healthy cash flow. Through effective credit management, they play a crucial role in safeguarding the company's financial stability and profitability.
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Credit Manager Job Brief
Are you a credit expert with a knack for managing financial risks? We are seeking a skilled Credit Manager to join our dynamic team.
In this role, you will be responsible for overseeing the credit assessment process, managing credit risk, and ensuring the timely collection of payments to optimize the company's cash flow. You will play a critical role in evaluating creditworthiness, setting credit limits, and developing strategies to mitigate credit risk while maintaining positive customer relationships.
If you are passionate about maintaining sound credit policies, minimizing bad debt losses, and optimizing cash flow, we want to hear from you!
Credit Manager Duties and Responsibilities
- Assessing the creditworthiness of potential customers by analyzing their financial statements, credit reports, and payment history. .
- Setting credit limits for customers based on their creditworthiness and the company's risk tolerance.
- Monitoring and managing the company's accounts receivable to ensure timely payment from customers.
- Negotiating payment terms and conditions with customers to ensure mutually beneficial agreements.
- Reviewing and approving credit applications and making recommendations for credit decisions to senior management.
- Conducting regular credit reviews and evaluations to identify potential risks and opportunities for improvement.
- Collaborating with sales and customer service teams to resolve credit-related issues and disputes.
- Maintaining accurate and up-to-date credit records and documentation.
- Keeping abreast of industry trends and best practices in credit management to continuously improve the company's credit processes.
- Providing training and guidance to staff members involved in credit-related activities.
- Building and maintaining relationships with external credit agencies, banks, and other financial institutions.
- Generating reports and presenting credit-related information to senior management.
Credit Manager Skills and Requirements
- Bachelor's degree in finance, accounting, business administration, or related field; CPA or CFA certification preferred.
- Proven experience in credit management, risk assessment, or financial analysis, preferably in a corporate or financial services environment.
- Strong analytical skills, with the ability to interpret financial data, assess credit risk, and make informed decisions.
- Outstanding interpersonal and communication abilities, including the capacity to establish and uphold connections with both internal and external stakeholders.
- Detail-oriented mindset, with a focus on accuracy and compliance with credit policies and procedures.
- Proficiency in Microsoft Excel and financial modeling software.
- Proficiency in Microsoft Office and CRM software.
- Knowledge of credit scoring models, credit reporting agencies, and legal/regulatory requirements related to credit management.
- Capability to work independently and in a group, taking a proactive and cooperative approach to problem-solving.
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