Credit Manager job description

Job brief

We are searching for an experienced and detail-oriented Credit Manager to oversee whole lending processes, craft credit scoring models to analyze creditworthiness, and determine interest rates and loan terms.

Responsibilities

• Create models for credit scoring on risk assessments.
• Update and assess the company’s credit policies.
• Decline or take on loans predicated on obtainable data.
• Position and compute interest rates for loans.
• Analyze the creditworthiness of prospective customers.
• Work out the terms of loans to clients.
• Explain loan processes to prospective clients.
• Supervise loan payments and keep track of bad debts.
• Certain lending processes and loans meet rules and laws.
• Keep records of all loans issued by the company.
• Ensure the exactness of financial statements about the entire subject area and the work of the assigned teams.
• Maintain the credit policies of the company.
• Manage the credit files of your customers.
• Keep an eye on how credit is granted and updated.
• Accept or reject the credit recommendations of the staff.
• Investigate the largest customer credit applications personally.
• Customers' deductions should be monitored.
• Organize the charging of late fees.
• Maintain communication with credit bureaus.
• Manage the sales department's relationships.

Requirements

• Bachelor’s in Finance or Accounting
• 6+ years of experience working with credit or 2+ years of credit manager experience
• Strong knowledge of lending procedures and other related laws
• Good mathematical skills
• Communication and interpersonal skills
• Detail-oriented
• Ability to work precisely under pressure