Credit Assistant Job Description
Credit assistant
provides credit support / solutions / recommendations when evaluating / analyzing credit applications for decisions in accordance with bank policies and procedures.
Credit Assistant Duties & Responsibilities
To write an effective credit assistant job description, begin by listing detailed duties, responsibilities and expectations. We have included credit assistant job description templates that you can modify and use.
Sample responsibilities for this position include:
Manage the customer credit files, pulling credit applications and reprocessing for credit limit increases or COD releases
Performs account reconciliation by adjusting incorrect credit charges and grants extensions of credit on overdue accounts, per predetermined guidelines
Contacts credit bureaus, employers, and personal references to check credit and personal references
Assists in establishing credit limit, considering such factors as applicant's assets, credit experience, and personal references, based on predetermined standards
Provides customer credit information or rating on request to businesses, credit agencies, or banks
Perform financial reviews which include analysis of financial statements, trade and bank references, information from trade groups, Apply sound credit management principles and the Company’s risk appetite in recommending or approving credit lines for new and existing accounts
Provide wide variety of credit and collections functions
Support Credit Team
Evaluate all blocked orders for assigned customer accounts and either release, hold, or cancel depending upon the customer’s credit status
Schedules meetings, seminars, lunches and other functions for the Credit Department
Credit Assistant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Credit Assistant
List any licenses or certifications required by the position: ITIL, WHT, V3
Education for Credit Assistant
Typically a job would require a certain level of education.
Employers hiring for the credit assistant 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, Education, Economics, Associates, Mathematics, Management, Business/Administration, General Education
Skills for Credit Assistant
Desired skills for credit assistant include:
Microsoft Office software
Policies and procedures for assigned area
General office procedures
ACAPS
ALS system
HOGAN
Accounts receivable procedures
Collections
Comply with Bank Code of Conduct
Credit
Desired experience for credit assistant includes:
Must have excellent investigative skills
Requires proficiency in Microsoft Word, Excel, and Windows
Education - Minimum -Associates Degree from accredited college
Maintain good relationships with partners including follow-up, responding to questions and escalating concerns when necessary
Contribute to operational improvements to streamline procedures/processes and enhance service to the team and partners
Understand and apply bank/service centre operating policies and procedures and ensure necessary due diligence is taken to support the accuracy of all customer and partner transactions
Credit Assistant Examples
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Credit Assistant Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of credit assistant. 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 assistant
- May authorize credit applications within established company guidelines and up to a pre-specified dollar amount
- Keeps record of credit transactions, deposits, and payments
- Processes credit applications for potential new customer accounts
- Follow up with collections in a timely manner and assisting with collection calls
- TDO/Credit check for new client requested by Sales and providing administrative support
- Updating Getpaid regularly alongside of credit controller
- Work assigned credit portfolio, following guidelines established for the organization
- Manage collections, and put accounts on and off restriction
- Contact customer regarding delinquent payment and prepare report reflecting status of credit and collection activity
- Authorize credit applications within established company guidelines and up to a pre-specified dollar amount
Qualifications for credit assistant
- Meet and where possible contribute to exceeding Service Level Agreements by processing transactions and replying to requests accurately and on time
- Ensure documentation is prepared and completed accurately meeting internal processes and / or external firm / industry regulations
- Be knowledgeable and comply with the Bank and industry Codes of Conduct
- LW*
- Ability to undertake a variety of administration tasks
- Work on Trade Floor
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Credit Assistant Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of credit assistant. 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 assistant
- Responsible for collections and issues resolution on his/her accounts receivable portfolio
- Assists with processing and verification of credit applications and reference requests
- Assists with posting customer payments by recording cash, checks, and credit card transactions daily
- Assistance of keeping records of all delinquent accounts, incomplete files, and credit risks
- Assists with verifying references to determine credit risk in customers
- Enlist the efforts of sales and management when necessary to facilitate the credit process
- Ensure adherence to the hotel’s credit policy
- Reports directly to and communicates with the Director of Finance and Business Support on all matters pertaining to credit and collection of guest and city ledger accounts
- Prepare management reports for month end analysis and provide documentation for credit meeting
- Support company executives
Qualifications for credit assistant
- Perform light secretarial work
- Bilingualism, English and French, written and spoken
- Ability to provide training to others on best practices, processes, guide mentor other team members for the completion of business
- Experienced user of SAP and Excel
- Proficiency in use of Microsoft Office applications (Word, Excel, One Note)
- Review applications submitted for completeness
3
Credit Assistant Job Description
Job Description Example
Our innovative and growing company is looking for a credit assistant. 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 assistant
- Maintains and protects confidential records, files and documentation
- Processing Chargebacks and Retrievals and balancing deposit confirmations
- May provide sign-off on commercial and residential lien waivers
- May update and summarize receivables
- May approve tax exempt forms and issue tax credits
- May be responsible for collection activities including sending follow-up inquiries, negotiating with past due accounts on repayment terms, and decisions on referring accounts to collection agencies and/or writing off accounts receivable in accordance with company practices
- Prepare proforma invoices
- Prepare lien releases
- Prepare customer refunds
- Evaluate customer accounts for placement with our collection agency
Qualifications for credit assistant
- Minimum of one years relevant experience
- Must be able to work independently, handle multiple tasks and maintain confidentiality
- Must be willing to work extended hours if needed to meet department goals
- Must pass a company required drug test
- Contact new customers daily via the telephone, fax, e-mail and written correspondence
- Supports the lien release and waiver process as necessary
4
Credit Assistant Job Description
Job Description Example
Our company is hiring for a credit assistant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for credit assistant
- Coordinates credit review of documentary export letters of credit
- Supervises the daily operations of the corporate credit team
- Supports global business units with credit risk management
- Manages and collects on accounts within established terms and credit limits
- Establishes and maintains customer credit limits within established policy parameters
- Provides leadership on credit group projects, including process improvement and automation initiatives
- Assists Global Credit & Risk Manager with corporate insurance policy renewals and other insurance related activities
- Audit delinquent accounts considered to be uncollectable
- Preparing of outstanding report
- Managing of bank statements and identifying the correct allocation of payments against invoices at daily basis, and submit to regional partners
Qualifications for credit assistant
- Coordinates new account set-up with corporate office
- Duties and tasks are routine and reflect variety and moderate complexity
- Working knowledge of MS-Office Suite applications (MS-Excel, MS-Word and MS-Outlook)
- Able to perform job duties under stressful conditions
- Must be able to work flexible work schedules, including weekends and holidays
- Manage multiple tasks in a fast paced environment
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Credit Assistant Job Description
Job Description Example
Our company is growing rapidly and is hiring for a credit assistant. 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 assistant
- Ensuring data for Direct Debit clients and being responsible for a series of operations by liaising with regional partners
- Pick up addition work as deemed appropriate by manager as part of role development
- Review and approve new and existing accounts
- Provide sign-off on commercial and residential lien waivers
- Update and summarize receivables
- Collection activities including sending follow-up inquiries, negotiating with past due accounts on repayment terms, and decisions on referring accounts to collection agencies and/or writing off accounts receivable in accordance with company practices
- Will monitor the collection issues due to incorrect invoices
- Will monitor the payment performance of the customers in the assigned portfolio and will present to sales payment delay issues
- Will act as internal focal point for all cash application matters and will liaise/ support the AR team
- Will manage blocked order release related to overdue items oldest open items and checks failed
Qualifications for credit assistant
- Bachelor's Degree in Business or Finance is required
- Strong understanding of collections and bankruptcy filings
- Minimum of Choose an item
- Diploma degree holder in any business course
- Understand basic credit management principles
- Well organized, and ability to manage multi-tasks at the same time