Manager Credit Job Description
Manager Credit Duties & Responsibilities
To write an effective manager credit job description, begin by listing detailed duties, responsibilities and expectations. We have included manager credit job description templates that you can modify and use.
Sample responsibilities for this position include:
Manager Credit Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Manager Credit
List any licenses or certifications required by the position: PMP, CFA, CPA, NACM, FRM, CICM, CCE, CBF, PMI, CIA
Education for Manager Credit
Typically a job would require a certain level of education.
Employers hiring for the manager credit job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Finance, Accounting, Business, Education, Business/Administration, Economics, Finance/Accounting, Management, Hospitality, MBA
Skills for Manager Credit
Desired skills for manager credit include:
Desired experience for manager credit includes:
Manager Credit Examples
Manager Credit Job Description
- Supplies letters of credit to other companies as needed and obtains lines of credit from other companies
- Control the credit control policy, process and documentation
- Ensure credit limits are implemented, approved and monitored
- You will actively prepare and present credit applications to appropriate lending authorities for approval to clearly indentify both obligor risks & transaction risks arising from lease structure, collateral and documentations
- Works closely with the sales force in an effort to forge a solid working relationship between credit and sales teams
- Collaborate with third party vendors to develop co-branded marketing campaigns to encourage usage of PLCC and co-branded credit cards
- Thorough knowledge of daily and periodic department routines, procedures, policies and workflows, including, AML/ATF/KYC, and Privacy regulations
- Keep abreast with trends and developments in the industry and in the profession with laws and regulations affecting credit policies and practices
- Provide financial analysis and risk management reports with regard to credit limit issues and potential high risk customers
- Responsible for hands on processing of all new accounts, to include securing credit applications, trade references, resale certificates, bank references and financial statements
- Knowledge of Direct Marketing best practices
- Strong knowledge of relevant ERP system (SAP, JDE, others), Hyperion (Retrieve & Enterprise)
- Organizational/ personnel management
- Bachelor degree or above (graduates from leading university preferred)
- Majored in accounting, finance, or business management
- Solid credit management knowledge
Manager Credit Job Description
- Maintain accounts receivable and credit management procedures and guidelines
- Develop credit management understanding within the organization and develop the credit management team
- Analyzes and conducts reviews of customer credit limits and payment history
- Handles the letters of credit for rack and wholesale
- Hire and train new team members on credit analysis
- Periodically review and report on customers, producer origination and servicing and administration practices to assure quality service and compliance on credit terms and agreements
- Monitor and report on producer and customer conditions on an ongoing basis to traders, global credit committee and management
- Travel to country locations to work with staff to analyze credit and accounts receivable
- Managing credit risk across varying economic cycles
- Provide for ongoing training of the credit staff
- Able present to senior management
- Experience in a large multi-national publicly-held corporation a plus
- Strategic Vision and Action Oriented
- Ability to manage and oversee day to day credit management operations
- Master our Quality, EHS, Finance & Supply Chain standards
- Strategic thinker with the ability to Anticipate business activity and trend to acts proactively
Manager Credit Job Description
- Take appropriate personnel-related action (i.e., hire, commend, discipline, evaluate, ) with Credit staff as required
- Act as the super-user for credit rating tool and collection agency service
- Provide finance training on credit management subjects
- Approve SAP roles affecting credit management and accounts receivable
- To work closely with Sales and Marketing, Front Office and other operation departments, offering advice and assistance on all matters relating to credit control
- Audit delinquent accounts considered to be noncollectable & ensure that all efforts are being made to bring the account to good standing before assigning a status of bad credit
- Establish new credit limits on customers and also review existing limits based on multiple scores of information
- Monitor past due payments and work closely with producers and customer to ensure delivery and collection of payments
- Approve and analyze accounts, trading and payment terms within delegated authorities and requirements
- Review bad debt quality and repayment performance on an ongoing basis
- Manage conflict and resolve disputes in a professional manner, without compromise to standards
- Demonstrated problem solving and decision making skills, with the ability to work
- Practical knowledge of relevant legislation such as NCCP Practices & Privacy Act plus relevant state legislation
- Construction Industry related experience
- Lien experience
- Process management knowledge and knowledge of the risk profile
Manager Credit Job Description
- Establish sound credit policies and procedures and monitor adherence
- Assists with the oversight of processing and ensures that guidelines are consistently enforced by Credit associates for delinquent accounts, and monitors daily cut-off for credit issues
- Professional and timely credit assessment of that portfolio
- Manage hotel’s credit and collection function
- Reference and approve all credit applications as to minimize collection risk
- Hold monthly credit meetings
- Increase communication with all involved parties in the credit process (Sales, Catering, Reservations and Front Desk)
- Review and examine check out with balance accounts daily to ensure and enforce hotel’s credit policy
- Develop and standardize written policy documentation related to the credit and customer set up process
- Interface with sales organization to communicate credit decisions and ensure timely review of new customers
- Ability to resolve escalation of issues raised from other internal groups, partners and/or customers
- Rate negotiations and 3rd party vendor oversight
- Oracle, SAP or other large ERP experience
- Post secondary education or equivalent with previous experience in
- Must be organized and be an effective decision maker to meet the demands of a high volume environment
- Must adjudicate and underwrite complex business credit applications for sole proprietors, partnerships, small-to-large sized corporations, not-for-profit organizations, and various levels of government entities and agencies
Manager Credit Job Description
- Ensure that all the procedures are followed with invoice transactions that take place in their department
- Assigns responsibility for investigating and verifying financial status of prospective customers applying for credit
- Responsible for handling and storage of their credit files and accounts receivable records within their assigned area
- Establish the credit worthiness of potential and existing client
- Develop the business Credit Policy in relation trading terms and client obligations factoring in Group expectations
- Review and improve the business Credit and Collection strategy
- Oversee the day to day running of the Credit and Sales ledger department
- Review collection reports to obtain the status of collections and outstanding balances
- Monitor and address aged accounts
- Review and approve adjustments to accounts
- Relationship and project management expertise to work with cross-functional teams across internal and external business units to handle critical and/or high risk issues, determining the most appropriate course of action for resolution
- Lead large groups through change and will demonstrate ability to document and execute process improvements and enhancements
- At times deal with ambiguous and complex, risk oriented, time sensitive issues which may impact a significant part of the organization
- Exhibit above average analytical skills, strong aptitude for problem solving, organization and planning
- Prepare and deliver various presentations, reports and communications to senior management and executive
- Analytical and business financial analysis skills