Credit Manager

Description:

The Credit Manager is a key member of the finance team, responsible for overseeing all aspects of credit risk management and ensuring the company's financial health. This role requires a strong understanding of credit analysis, underwriting, and collections, along with excellent communication and problem-solving skills. The Credit Manager will work closely with sales, operations, and accounting teams to develop and implement credit policies, monitor credit risk, and manage accounts receivable.

Responsibilities:

• Develop and implement credit policies and procedures to mitigate credit risk.
• Analyze credit applications and make lending decisions based on financial data and risk assessment.
• Monitor customer creditworthiness and identify potential risks.
• Manage the collections process, including contacting delinquent customers and negotiating payment plans.
• Analyze and report on credit performance metrics, including delinquency rates, write-offs, and recovery rates.
• Work with sales and operations teams to ensure smooth credit processes and customer satisfaction.
• Supervise and mentor credit analysts and other team members.
• Stay up-to-date on industry best practices and regulatory changes related to credit risk management.
• Manage and reconcile accounts receivable.
• Collaborate with the accounting team to ensure accurate financial reporting.
• Develop and implement strategies to improve credit risk management and collections efficiency.
• Provide leadership and guidance to the credit team.

Minimum Qualifications:

• Must-Have Skills:

  • Credit Management: Thorough knowledge

  • Credit Risk: Thorough knowledge

  • Underwriting: Thorough knowledge

  • Collections: Thorough knowledge

  • Accounts Receivable: Thorough knowledge

  • Finance: General knowledge

  • Accounting: General knowledge

  • Microsoft Excel: General knowledge

  • Communication: Excellent

  • Problem Solving: Excellent

  • Leadership: Proven experience

  • Management: Proven experience

  • Writing: Excellent

  • Detail Oriented: High level

• Experience: 5 years of experience in credit management or a related field.

• Education: Bachelor's degree in finance, accounting, or a related field.

Preferred Qualifications:

• Nice-to-Have Skills:

  • Sales: Working knowledge

  • Risk Management: Working knowledge

  • Operations: Working knowledge

  • Customer Service: Excellent