Credit Manager

Responsibilities

• Evaluate credit applications by analyzing financial statements, trade references, credit bureau reports, and payment history.
• Establish and maintain appropriate credit limits and payment terms.
• Recommend approval, modification, or rejection of credit requests.
• Maintain appropriate credit limits and payment terms.
• Proactively identify risk and monitor customer credit exposure.
• Review and release orders held for credit concerns.
• Oversight accounts receivable and collections:
• Oversee aging reports and collection performance.
• Lead collection strategies to reduce past-due balances and improve DSO.
• Audit delinquent accounts prior to bad debt write-off to ensure proper collection efforts.
• Coverage of legal action or third-party collection agencies when necessary.
• Policy development and compliance:
• Develop, implement, and improve company credit policies and procedures.
• Ensure adherence to internal controls and documentation standards.
• Support audits by maintaining accurate credit and AR records.
• Monitor compliance with contractual payment terms.
• Review vendor contracts for financial terms, payment conditions, penalties, and risk exposure.
• Financial reporting and analysis:
• Prepare and analyze AR aging reports, bad debt reserves, and credit risk exposure.
• Provide reporting required to maintain bank line of credit.
• Identify trends and recommend improvements to mitigate future risk.
• Track KPIs such as DSO, aging buckets, write-offs, and recovery rates.
• Cross-functional collaboration:
• Partner with Sales to balance revenue growth and credit risk.
• Collaborate with Accounting on cash application, reconciliations, and dispute resolution.
• Communicate effectively with customers to maintain professional relationships while enforcing payment expectations.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• Minimum of 3-5 years of experience in credit management, accounts receivable, or financial risk management.
• Strong knowledge of credit analysis, commercial collections, and Accounts Receivable management processes.
• Proficiency in credit reporting tools and financial analytical techniques.
• Excellent communication and negotiation skills.