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Title
Text copied to clipboard!Credit Manager
Description
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We are looking for a highly skilled and detail-oriented Credit Manager to oversee our company’s credit granting process. This role involves evaluating the creditworthiness of potential customers, managing the credit approval process, and ensuring the company’s credit policies are followed to minimize bad debts and optimize sales. The ideal candidate will have a strong background in finance or accounting, excellent analytical skills, and the ability to make sound decisions under pressure.
As a Credit Manager, you will be responsible for setting credit limits, monitoring customer accounts, and working closely with the sales and collections teams to ensure timely payments. You will also be expected to develop and implement credit policies and procedures that align with the company’s financial goals and risk tolerance. Your role will be crucial in maintaining a healthy cash flow and supporting the company’s growth objectives.
You will analyze financial statements, credit reports, and payment histories to assess risk and determine appropriate credit terms. You will also be responsible for maintaining accurate records of credit transactions and preparing regular reports for senior management. In addition, you will lead a team of credit analysts and provide training and guidance to ensure high performance and compliance with internal and external regulations.
The successful candidate will possess strong communication and negotiation skills, as you will often interact with customers to resolve credit issues and negotiate payment plans. You should also be proficient in credit management software and have a solid understanding of relevant laws and regulations.
This is a strategic role that requires a proactive approach to risk management and a commitment to continuous improvement. If you are a motivated professional with a passion for finance and a track record of success in credit management, we encourage you to apply.
Responsibilities
Text copied to clipboard!- Evaluate creditworthiness of new and existing customers
- Establish and monitor credit limits and terms
- Develop and enforce credit policies and procedures
- Monitor accounts to identify overdue payments
- Work with collections team to recover outstanding debts
- Prepare credit reports and risk assessments
- Maintain accurate records of credit transactions
- Train and supervise credit analysts
- Collaborate with sales and finance departments
- Ensure compliance with relevant laws and regulations
Requirements
Text copied to clipboard!- Bachelor’s degree in Finance, Accounting, or related field
- Proven experience as a Credit Manager or similar role
- Strong analytical and decision-making skills
- Excellent communication and negotiation abilities
- Proficiency in credit management software
- Knowledge of credit laws and regulations
- Ability to lead and motivate a team
- Detail-oriented with strong organizational skills
- Experience in risk assessment and financial analysis
- Ability to work under pressure and meet deadlines
Potential interview questions
Text copied to clipboard!- What experience do you have in credit risk assessment?
- How do you determine appropriate credit limits for customers?
- Describe a time you successfully reduced bad debt.
- What credit management software are you familiar with?
- How do you handle disputes with customers over credit terms?
- What strategies do you use to ensure timely collections?
- How do you stay updated on credit laws and regulations?
- Describe your experience leading a credit team.
- How do you balance risk management with sales goals?
- What metrics do you use to evaluate credit performance?
