Credit Manager

A Credit Manager’s job description typically involves overseeing and managing the credit policies, processes, and risks within a company or organization. This includes evaluating customer creditworthiness, setting credit limits, managing accounts receivable, and ensuring timely payments to minimize financial losses.
Key Responsibilities of a Credit Manager:
1. Credit Evaluation and Policy:
Assessing the creditworthiness of customers based on financial data, credit reports, and payment history.
Setting credit limits and terms for new and existing customers.
Developing and implementing credit policies and procedures to ensure compliance with regulations and industry standards.
2. Accounts Receivable Management:
Monitoring and managing accounts receivable, including collection efforts and dispute resolution.
Following up with customers on outstanding invoices and payments.
Ensuring timely and accurate collection of revenues.
3. Risk Management:
Identifying and mitigating potential credit risks, including setting appropriate credit limits and monitoring customer payment behavior.
Analyzing credit data to identify potential risks and opportunities for improvement.
Developing and implementing strategies to reduce the risk of bad debts.
4. Reporting and Analysis:
Preparing and presenting regular reports on credit performance, including key metrics and trends.
Providing insights and recommendations to senior management based on analysis.
5. Team Leadership (if applicable):
Leading, mentoring, and developing a team of account receivable clerks or other credit personnel.
6. Additional Skills and Qualities:
Strong analytical and problem-solving skills.
Excellent communication and interpersonal skills.
Ability to work independently and as part of a team.
Familiarity with relevant regulations and industry standards.
Knowledge of accounting principles and financial statements
Minimum 3 years experience in secured loans underwriting.
Local Candidate preferred.