Summary
Date Posted: Wednesday, May 01 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Summary:
The Credit Officer is responsible for assessing the creditworthiness of potential customers, managing credit risk, and maintaining positive relationships with existing clients. They play a critical role in ensuring the financial health of the organization by making informed decisions regarding credit extension and debt management.

KEY DELIVERABLES
• Credit Risk Assessment
• Credit Portfolio Management
• Customer Credit Analysis & Monitoring
• Compliance & Reporting

KEY RESPONSIBILITIES
• Evaluate the creditworthiness of potential customers by analyzing financial data, credit reports, and other relevant information.
• Determine appropriate credit limits, terms, and conditions based on risk assessment and company policies.
• Monitor and manage the credit portfolio to minimize risk exposure and maximize profitability.
• Review and approve credit applications, ensuring adherence to established credit policies and procedures.
• Conduct regular reviews of existing customers' creditworthiness and payment performance.
• Initiate collection actions on overdue accounts and work with collection officers to resolve outstanding debts.
• Collaborate with sales and customer service teams to address credit-related issues and support business growth.
• Prepare and present credit-related reports and recommendations to management.
• Stay updated on industry trends, regulatory changes, and best practices in credit management.
• Ensure compliance with relevant laws, regulations, and internal policies governing credit operations.

Experience & Knowledge required (to do the job):
• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
• Proven experience in credit analysis, risk management, or a similar role.
• Strong understanding of financial statements, credit scoring models, and risk assessment techniques.
• Excellent analytical, decision-making, and problem-solving skills.
• Proficiency in Microsoft Office applications and credit management software.
• Ability to communicate effectively and build relationships with internal and external stakeholders.

Competencies:
• Attention to detail and accuracy in data analysis and interpretation.
• Strong organizational and time management skills.
• Ability to work independently and collaboratively in a dynamic environment.
• Customer-focused with a commitment to delivering exceptional service.
• Ethical and principled approach to credit management practices.


Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education: Bachelor Degree

Job application procedure

Interested and qualified, Click here to apply.


All Jobs

QUICK ALERT SUBSCRIPTION