Credit Manager job description

As a Credit Manager, you will be responsible for assessing and managing credit risk, as well as ensuring the efficient and effective operation of the credit department. You will play a crucial role in evaluating and approving credit applications, establishing credit limits, and monitoring overdue payments. By conducting thorough credit analysis and implementing sound credit policies, you will contribute to the financial stability and profitability of our organization.

• Evaluate and approve credit applications based on credit policy guidelines.
• Analyze financial statements, credit reports, and other relevant information to determine creditworthiness.
• Establish credit limits and terms for new and existing customers.
• Monitor credit agreements to ensure compliance and manage any necessary modifications.
• Review and investigate credit discrepancies and resolve customer disputes.
• Develop and maintain relationships with customers, sales teams, and other stakeholders.
• Assist in developing, implementing, and refining credit policies and procedures.
• Maintain accurate records of credit approvals, denials, and other related information.
• Monitor and manage the collection of overdue payments.
• Identify and assess potential risks and propose appropriate risk mitigation strategies.
• Stay up-to-date with industry trends, regulations, and best practices related to credit management.
• Prepare reports and deliver presentations on credit risk and performance to senior management.

To be considered for the role of Credit Manager, you must meet the following minimum requirements:

• Proven work experience as a Credit Manager or similar role.
• Demonstrated expertise in credit analysis and risk assessment.
• Strong knowledge of accounting principles and financial analysis.
• Experience with credit management software and systems.
• Proficient in Microsoft Office, particularly Excel and financial modeling.
• Excellent analytical, problem-solving, and decision-making skills.
• Exceptional attention to detail and ability to effectively manage multiple priorities.
• Excellent communication and interpersonal skills.
• Strong negotiation and conflict resolution abilities.
• Ability to work well independently and in a team environment.
• High level of integrity and ethical behavior.
• Bachelor’s degree in finance, accounting, or a related field.

A minimum qualification of a Bachelor’s degree in finance, accounting, or a related field is required for the role of Credit Manager. Equivalent work experience may be considered in lieu of a degree, provided the individual possesses the necessary skills and expertise in credit management. Additional courses or certifications in credit risk assessment or a related field are advantageous.

The following skills and attributes are recommended to excel in the role of Credit Manager:

• Advanced knowledge of credit risk assessment methodologies and models.
• Ability to interpret and analyze complex financial information.
• Familiarity with relevant laws, regulations, and industry standards.
• Experience with commercial lending and credit insurance.
• Strong organizational and time management skills.
• Ability to build and maintain positive relationships with internal and external stakeholders.
• Experience in managing and leading a credit team.
• Knowledge of international credit and collection practices.
• Proficiency in a second language, particularly one used in international business.
• Advanced Excel skills, including financial modeling and data analysis.
• Experience with credit scoring models and decision automation.
• Ability to adapt quickly to changing priorities and business needs.
• Demonstrated commitment to continuous learning and professional development.

Note: Please note that the above description is indicative and responsibilities and requirements may vary depending on the specific needs and goals of the organization.