Credit Job Description
Credit
provides leadership on risk strategy and responsible lending standards across the credit life cycle of the business banking portfolio.
Credit Duties & Responsibilities
To write an effective credit job description, begin by listing detailed duties, responsibilities and expectations. We have included credit job description templates that you can modify and use.
Sample responsibilities for this position include:
Identify overdue (delinquent) accounts
Review all returns daily on releasing where appropriate and initiating investigations as necessary
Initiate wire transfers for return refunds on a bi-weekly basis
Initiate manual Credit Memos and Debit Memos as necessary
Initiate monthly AR Analysis reports
Initiate month end adjustments for offsets, expenses, small balance write-offs, and Bad Debt write-off documentation
Monitor Daily collection activities for Drug Wholesalers and Major Retailers
Be responsible for the review, validation and processing of Shortage/Overage, Price Discrepancy, Mis-shipment Damage, and Recall claims Overage and Freight billings
Process all credit memo requests created by Returns and Rebate Administration areas
Perform necessary offsets and write offs to customer accounts
Credit Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Credit
List any licenses or certifications required by the position: NACM, ABFA, BIC, CFA, CRC, CBA, CCE, FPC, CDCS, FRM
Education for Credit
Typically a job would require a certain level of education.
Employers hiring for the credit job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and High School Degree in Finance, Accounting, Business, Economics, Education, Business/Administration, Management, General Education, Associates, MBA
Skills for Credit
Desired skills for credit include:
Accounting
Finance
Economics
Policies
Risk analysis
Credit administration
Policy and procedures
Excel
Banking products and services
Lending programs
Desired experience for credit includes:
Sound private banking background, preferably experience in lombard lending and basic derivatives know-how
Analytical skills, risk awareness and solution-oriented working method
Positive attitude, ability to work efficiently and effectively and strong committement to deliver a high level of service
Experienced in MS Office tools, open to new system environment
Sound private banking background, preferably experience in lombard lending and basic derivatives know-how Sound private banking background, preferably experience in lombard lending and basic derivatives know-how
Analytical skills, risk awareness and solution-oriented working method Analytical skills, risk awareness and solution-oriented working method
Credit Examples
1
Credit Job Description
Job Description Example
Our innovative and growing company is looking for a credit. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for credit
- Initiates and tracks request approval and then processes the approved request into the accounting system
- Responsible for timely presentations to the Senior Manager of A/R and Credit and Collections and the Senior Director of Finance highlighting performance issues, risks and opportunities for the team and the department
- Identifies new training requirements dictated by new business strategies new initiatives
- Heavy Administration element
- Review orders referred to the Credit Department before shipment
- Contact customers to resolve past due items
- Interact with other departments to resolve deductions and unapplied payments
- Work in close cooperation with the Relationship Managers in New York, credit team members, SCO and SCA
- Become familiar with bank's risk rating and models to ensure optimal and efficient operations
- Prepaqre financial, collateral, historical, performa and sensativity analysis and presents in proper format current financial information, including comparative spreadsheets for operating companies, economic analysis for commercial real estate projects
Qualifications for credit
- Positive attitude, ability to work efficiently and effectively and strong committement to deliver a high level of service Positive attitude, ability to work efficiently and effectively and strong committement to deliver a high level of service
- Excellent communications skills in English Excellent communications skills in English
- Strong interest in risk management and credit analysis
- Obtain/compile all the supporting documentation that Credit Analyst requires for completing credit requests
- Moderate credit limit authorization required for credit adjudication
- Solid credit analysis experience required
2
Credit Job Description
Job Description Example
Our innovative and growing company is hiring for a credit. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for credit
- Ensure investment activity is properly booked in the GL
- Prepare supporting schedules for quarterly investor letters
- Retrieve and compile relevant financial information for investor correspondence
- Assist in the preparation of investor presentations and requests
- Compile information for the preparation of tax returns
- Assist in the review of deal models
- Assist in the ongoing management of the investments and cash flows for all Fund entities
- Analyzing potential investment opportunities via offering memorandum review, industry research, financial modeling, financial statement review, interaction with and assessment of management, use of consultants, speaking with customers/suppliers
- Reviews Credit/Refund/Cancellation requests for completeness of information necessary to process each request
- Ensures Credit/Refund requests are processed accurately and timely
Qualifications for credit
- Strong analytical ability of financial data and projections, familiar with the SAP system
- 5+ years related experience in credit card marketing
- Experience with credit analysis, deductions, collections
- An analytical mind-set, solid numerical skills and a high level of attention to detail
- High level of commercial acumen, understands the wider business context
- Able to work co-operatively and productively with others
3
Credit Job Description
Job Description Example
Our company is looking to fill the role of credit. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for credit
- Manages multiple country credit portfolio independently
- Resolves credit issues independently and achieve credit KPIs
- Presents credit recommendations to management and business partners
- Negotiates risk mitigation method (down-payment, LC) with customers and HP sales staff to allow customer to purchase above their credit limit
- Resolves complex disputes related to customer payment on delinquent accounts and negotiates and ensures payment from customer
- Impacts external on-going customers
- Ability to influence high value of credit grants or collections
- Monitors large and/or complex customer accounts and collects on a timely basis
- Reviews shipments and payment plans, and approves all orders for accounts with total exposure of up to $25,000
- Summarizes and inputs on-line all telephone and written contacts pertaining to customer
Qualifications for credit
- May require specific industry knowledge, ie
- Reporting to Collections Team Lead
- Undertaking daily Collection tasks to ensure reduction in the DSO
- Ability to represent adidas in a professional manner
- Minimum 1-year collections or agency experience
- Individual with previous adjudicating experience, strong credit acumen and has held credit limits in a previous role is mandatory
4
Credit Job Description
Job Description Example
Our growing company is looking to fill the role of credit. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for credit
- Reviews and analyzes customer statistics
- Prepare underwriting analysis for new loan requests, loan renewals and modifications, which includes a detailed analysis of financial performance, financial condition, and identification of key risks and mitigating factors
- Prepare financial projections and stress tests
- Prior to completing a credit write-up, ask the questions that have not been asked and seek out information not provided in order to complete a thorough credit write up
- Write an objective narrative on the credit worthiness of the loan proposal
- Proactively communicate timely updates and deliver final loan presentations within the established service standard timeframe
- Ensure that required real estate appraisals, environmental reviews, field audits, credit bureau reports and other outside credit-related reports are ordered by appropriate bank personnel in conjunction with loan requests
- Assist commercial relationship managers on customer calls and assist with tracking financial reporting and monitoring requirements
- Participate in developmental events and programs sponsored by the Risk Management Association (RMA), American Bankers Association (ABA), or other similar organizations, the Bank’s internal training program
- Take a dynamic approach to the job by initiating actions and making decisions
Qualifications for credit
- Bilingual, spoken Japanese and English
- Experience with Private Equity or Fixed Income products, or assets with similar characteristics
- Experienced in credit card (or other unsecured products) underwriting and played a key role in a supportive, high performing team that consistently exceeds expectations
- Able to demonstrate knowledge of credit card application process in a retail banking environment
- Held a Delegated Lending Authority
- The ability to work autonomously, effectively managing work flow
5
Credit Job Description
Job Description Example
Our growing company is looking to fill the role of credit. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for credit
- Take general interest in and be well informed about the commercial part of the company’s business
- Enhance efficiency improvements in your area of responsibility
- Be of assistance to all your colleagues, especially at times when they may be under extended pressure
- Ensure Freight Collection SOPs are followed in all departments
- Ensure customers are contacted/visited on regular basis
- Check SAP and update transfers and cash deposits on daily basis
- Interact with Customer Service and Sales to correct invoices
- Ensure invoices are reprinted when claimed by credit customers
- Ensure to coordinate new tasks and actions with Freight Collection Supervisor
- Ensure innovation and Business Process Improvement
Qualifications for credit
- Possess strong attention to detail and the ability to see tasks to completion with minimal supervision
- Possess the ability to easily build relationships with internal and external stakeholders
- Exceptional financial analysis skills and advanced MS Excel skills
- Minimum of 1 year experience in Accounts Receivable research required
- Knowledge of customer cash receipts procedures
- Must be ERP/Systems savvy