Credit Manager Job Description

Credit Manager Job Description

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Credit manager provides end user support for CED’s Accounts Receivable, Cash Application and Credit Card/ACH payment systems.

Credit Manager Duties & Responsibilities

To write an effective credit manager job description, begin by listing detailed duties, responsibilities and expectations. We have included credit manager job description templates that you can modify and use.

Sample responsibilities for this position include:

Working with the accounting team and project managers to ensure that the processes are in place to invoice on time
Supervise a group of three - five credit analysts and collectors who are responsible for decision making on customer and producer limits, risk assessments and cash applications in multiple systems
Identify opportunities to improve automation and efficiency through policy, procedure, process and systems both domestically and internationally
Manage overall credit card budget including monthly invoice processing and forecasting
It is critical to prepare and present credit applications to appropriate lending authorities for approval to clearly indentify both obligor risks & transaction risks arising from lease structure, collateral and documentations
Monitoring aging and discuss corrective actions with local credit teams and sales teams
Create and drive the strategic operating plan within own area of responsibility
Manage the credit journey for the customers constantly looking for ways to improve the service offered
Work closely with Credit Risk team to identify and support customers via the customer journey who are experiencing challenges in making payments on the terms originally agreed
Managing the order to cash receipts cycle to ensure working capital objectives are achieved

Credit Manager Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Credit Manager

List any licenses or certifications required by the position: PMP, CFA, CPA, NACM, FRM, CICM, CCE, CBF, PMI, CIA

Education for Credit Manager

Typically a job would require a certain level of education.

Employers hiring for the credit manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Finance, Accounting, Business, Education, Business/Administration, Economics, Finance/Accounting, Management, Hospitality, MBA

Skills for Credit Manager

Desired skills for credit manager include:

Systems
Processes
Job-relevant issues
Products
Accounts receivable system
Present economic indicators updates in mortgage industry
Application of Mechanic’s liens and bond regulations
Equal Credit Opportunity Act
Liens
State

Desired experience for credit manager includes:

Proficient in the use of reporting tools, such as Cognos
Strong prioritizing, analytical, presentation, project management & planning skills
Bachelor’s degree in Accounting or Finance or relatable area
A minimum of ten years of experience within credit and collections
Associates or Bachelors in Finance or Business Management
Use of ERP - Business software

Credit Manager Examples

1

Credit Manager Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of credit manager. 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 manager
  • Decision accountability regarding the extension, structuring, servicing and collection of credit products within the assigned delegated authority framework
  • Implementing effective credit delivery processes that meet both customer needs and the organization’s credit administration and operational goals
  • Develop controls points to flag areas/business units or projects where invoicing is not to schedule and provide solutions to rectify
  • Recommend and implement solutions in working capital management
  • Working with project managers collect outstanding debts including issuing of statement and working with the legal team to issue legal letters
  • Maintain aged debtors and detailed records of client chasing activity
  • Weekly tracking of overdue debtors balances
  • Managing the day to day purchase process to enable the business to meet cash targets
  • Creating weekly and monthly cash flow analysis
  • Create cash model for monthly forecasting
Qualifications for credit manager
  • 5 - 7 years' Experience in international credit control
  • Around 5 years' experience in credit management within large MNC, preferably in consumer goods industry
  • Solution and results oriented with a can-do attitude and determination
  • The ideal candidate has 10 years of commercial credit analysis, financial statement analysis, and industry sector analysis to determine counterparty credit risk
  • Knowledge of business practice over EMEA
  • Experience in international credit control (5 - 7 years)
2

Credit Manager Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of credit manager. 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 manager
  • Mine cardholder and company KPI metrics, identifying trends, opportunities and risk
  • Partner with senior director to develop 3 year strategic plan
  • A high degree of flexibility is required to adapt to a variety of tasks and functions
  • Conducts new bulk customer reviews
  • Manage the collection activity for "In Collections" accounts
  • Monitor futures exchange clearing house commodity statements, for risk compliance purposes and to satisfy daily margin calls
  • Responsible for reviewing aging weekly, along with potential bad debt for wholesale accounts
  • Develop and manage predictive and segmentation models portfolio analytics
  • Monitor and report on compliance conditions on an ongoing basis for domestic and international producers and customers
  • Review producer and customer quality and performance on an ongoing basis
Qualifications for credit manager
  • Must have extensive credit control background
  • Experience as a Credit Manager
  • Excellent Excel and modelling skills
  • The ideal candidate has at least 6 years of commercial credit analysis, financial statement analysis, and industry sector analysis to determine counterparty credit risk
  • Candidates should have circa 5 years' experience working in credit control with a minimum of 3 of these years in a supervisory / team management position
  • Experience with regulators such as the Federal Reserve, FINRA, OCC
3

Credit Manager Job Description

Job Description Example
Our company is searching for experienced candidates for the position of credit manager. 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 manager
  • Handle litigation with customers and producers
  • Develop solutions to problems and implement changes within the group
  • Create and maintain process and procedure documents
  • Assist location staff with difficult recoveries, facilitate meetings with troubled accounts, represent Country Operations at mediations, depositions, or court hearings
  • Stay informed on events that affect our business our customer’s business decisions such as changes in grain prices, input prices, weather, politics
  • Work in conjunction with our Grain Marketing, Agronomy, Energy, and Retail divisions to maximize business opportunities and manage risk
  • Can be based out of Pomona, Van Nuys, or San Diego
  • Participates in the creation of strategies to enhance the organization’s competitive position
  • Implements long range organizational business objectives and strategies
  • Decisions directly affect the Company’s financial results, competitive position and ability to fulfill its mission
Qualifications for credit manager
  • Relationship management expertise to work with cross-functional teams across MBNA business units that interact with Credit Operations
  • Experience in dealing with ambiguity and complex, risk oriented, time sensitive issues which may impact a significant part of the organization
  • Bilingual – French and English, is not required but preferred
  • Represent and manage a team of 4+ Credit & Collections professionals - cash applications is outsourced
  • Coaching, training, reviewing performance, hiring and other managerial actions required
  • Focus on large key accounts and customers with special circumstances or the "problem" accounts
4

Credit Manager Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of credit manager. 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 manager
  • Anticipating and/or recognizing internal and external factors that may impact organizational performance in a dynamic market, business, and economic environments
  • Manage relations with collection agencies
  • Monitor customer overdue and assess customer creditworthiness
  • Work on resolution of disputed items related to quality, shipping, pricing
  • Support the sales team in payment terms decisions, work on releasing the blocked deliveries and customer accounts
  • Coordinate and control the bad debt write-offs, reserve and legal collection cases
  • Monitor and lead the AR team
  • Providing information on a customer’s business via research, using various sources including
  • Based out of the La Porte branch
  • As authorized
Qualifications for credit manager
  • Credit review and approval for new vendors
  • The Bank’s retail credit and risk policies, loan documentation, and audit discipline.T
  • High discretionary credit lending limit authorization in an exception and judgmental lending environment
  • Requirement to review and analyze various types of prepared business financials to document and mitigate any associated risks
  • Experience with business AML and compliance regulatory requirements related to KYB and KYC due diligence
  • Demonstrate strong management and coaching documentation practices in a transparent performance culture with the goal of leading and developing employees to achieve business results
5

Credit Manager Job Description

Job Description Example
Our innovative and growing company is looking for a credit manager. 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 manager
  • Responsible for gathering requests for various audits
  • Establish relationships and build rapport with customers and sales team
  • Ensure guest refunds are processed in a timely manner as per the hotel policy
  • Evaluation and approval of related orders
  • Collaboration with our Collection Team to best ensure timely collection of customer A/R
  • Guidance to our Cash Application Associates on appropriate application of customer receipts, and
  • Reporting to management on high risk accounts and potential bad debt concerns
  • Assist with billing and customer service functions
  • Efficiently manage accounts receivable in order to maximize cash flow
  • Ensure daily posting of Accounts Receivable payments received from the lock box and maintain an up to date file for payment batches
Qualifications for credit manager
  • Report and presentation preparation and delivery skills
  • Effective communication both written and verbal skills
  • Heightened business intelligence and acumen
  • Research and
  • Ability to maintain composure despite tight deadlines, high volumes, high demand and highly dynamic environment
  • Ability to make fairly balanced business decisions considering their impact on all stakeholders even when involving ambiguity or calculated risks

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