Credit Manager

A Credit Manager oversees a company's credit-granting process, ensuring timely payments and minimizing bad debts by assessing creditworthiness, setting credit limits, and managing loan terms and policies.

- Credit Assessment:

Evaluate potential customers' creditworthiness, using credit scores, risk projections, and other factors to determine loan eligibility.

- Policy Development and Implementation:

Develop, review, and update the company's credit policies and procedures, ensuring compliance with regulations.

- Risk Management:

Monitor loan payments, identify potential risks, and take proactive measures to mitigate bad debts.

- Record Keeping:

Maintain accurate records of loan applications, transactions, and customer credit information.

- Customer Relations:

Build and maintain effective working relationships with clients, colleagues, and team members.

- Collections:

Follow up on delinquent accounts and manage debt settlements and loan renewals.

- Data Analysis:

Analyze credit data and financial statements to identify trends and potential risks.

Skills and Qualifications:

- Education: Bachelor's degree in accounting, business administration, finance, or a related field.

- Experience: Proven work experience as a credit manager or in a related field.

- Skills: Strong analytical and problem-solving skills, excellent communication and negotiation skills, and a good understanding of financial principles and credit management practices.