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Title
Text copied to clipboard!Credit Manager
Description
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We are looking for a Credit Manager to oversee our company's credit policies, processes, and activities to ensure they are efficient and effective. The ideal candidate will be responsible for managing the credit risk assessment process, setting credit limits, and monitoring and reporting on credit metrics. This role involves working closely with the sales and finance departments to balance risk and opportunity, ensuring the company achieves its financial targets while minimizing bad debt losses. The Credit Manager will also handle negotiations with clients who have outstanding debts, develop strategies to recover owed money, and maintain accurate records of all credit activities. Additionally, this role requires staying up-to-date with relevant legislation and ensuring compliance with all regulatory requirements. The successful candidate will have a strong background in finance or accounting, excellent analytical and decision-making skills, and the ability to lead and motivate a team.
Responsibilities
Text copied to clipboard!- Develop and implement credit policies and procedures.
- Conduct credit risk assessments and set credit limits.
- Monitor customer creditworthiness and credit exposure.
- Manage and oversee the entire credit granting process.
- Negotiate payment plans with delinquent clients.
- Ensure compliance with credit-related laws and regulations.
- Prepare reports on credit activities and exposures.
- Work closely with the sales department to enable growth while managing risk.
- Lead, train, and manage the credit department staff.
- Stay informed about market trends and credit-related regulatory changes.
Requirements
Text copied to clipboard!- Bachelor's degree in Finance, Accounting, or related field.
- Proven experience as a Credit Manager or similar role.
- Strong understanding of lending procedures and laws.
- Excellent analytical skills and attention to detail.
- Strong leadership and team management skills.
- Ability to negotiate and resolve conflicts effectively.
- Proficient in MS Office and credit management software.
- Excellent communication and interpersonal skills.
- Ability to work under pressure and meet tight deadlines.
- Certification in Credit Management preferred.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with credit risk assessment?
- How do you stay updated on changes in credit-related laws and regulations?
- Can you provide an example of a difficult debt recovery situation and how you handled it?
- How do you balance risk and opportunity when setting credit policies?
- What strategies do you use to motivate and manage your team?