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Title
Text copied to clipboard!Commercial Credit Officer
Description
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We are looking for a detail-oriented and experienced Commercial Credit Officer to join our finance team. The ideal candidate will be responsible for assessing the creditworthiness of business clients, analyzing financial statements, and making informed decisions regarding credit limits and terms. This role requires strong analytical skills, excellent communication abilities, and a thorough understanding of credit risk management. The Commercial Credit Officer will work closely with sales teams, clients, and other stakeholders to ensure that credit policies are adhered to while supporting business growth. Key duties include conducting credit investigations, preparing credit reports, monitoring existing credit accounts, and recommending credit actions. The successful candidate will have a proven track record in credit analysis, risk assessment, and client relationship management within a commercial lending environment. This position offers an excellent opportunity to contribute to the financial stability and success of the organization by effectively managing credit risk and fostering strong client partnerships.
Responsibilities
Text copied to clipboard!- Evaluate and analyze credit applications from commercial clients.
- Assess financial statements and credit reports to determine creditworthiness.
- Establish credit limits and terms in accordance with company policies.
- Monitor and review existing credit accounts for compliance and risk.
- Prepare detailed credit reports and recommendations for management.
- Collaborate with sales and relationship managers to support client needs.
- Identify and mitigate potential credit risks.
- Ensure adherence to regulatory and internal credit policies.
- Maintain accurate records of credit decisions and client communications.
- Provide training and guidance on credit procedures to junior staff.
Requirements
Text copied to clipboard!- Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
- Minimum of 3 years experience in commercial credit analysis or lending.
- Strong understanding of financial statements and credit risk assessment.
- Excellent analytical and decision-making skills.
- Proficient in credit management software and Microsoft Office.
- Effective communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Attention to detail and strong organizational skills.
- Knowledge of relevant laws and regulations related to credit.
- Fluency in English; additional languages are a plus.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with commercial credit analysis?
- How do you assess the creditworthiness of a new business client?
- What financial ratios do you consider most important when evaluating credit risk?
- How do you handle situations where a client’s creditworthiness is borderline?
- Describe a time when you identified and mitigated a significant credit risk.
- What software tools have you used for credit management?
- How do you ensure compliance with credit policies and regulations?
- Can you explain your approach to maintaining client relationships while managing credit risk?
- How do you prioritize your workload when managing multiple credit accounts?
- What steps do you take to stay updated on industry trends and regulations?
