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To manage a select customer portfolio (typically 15-20 customer names), that consists of highly visible and/or marginal customer accounts including Supply Chain Finance prospect names that typically fall outside core business industries.
Advanced skills are necessary to obtain, analyze and accurately interpret all levels of financial information, including liquidity and bank covenant analysis, towards recommending an appropriate credit limit and/or business strategy.
The credit officer must be able to prepare and present a detailed and cohesive financial analysis in proper format for various reporting committees.
The officer must understand our regulatory risk metrics system and its relationship to the soundness and safety of the decision-making process.
The officer must recognize that decision making, and reporting is time sensitive and he/she must prioritize the desk efficiently to meet hard deadlines.
Time management skills are essential.
Additionally, the Officer must recognize that our focus is toward servicing clients while simultaneously protecting the assets of Company and ensuring adherence to credit policies in decision making.
A minimum of five (5) of credit department factoring experience.
Previous experience in writing credit reports or credit clearances.
Strong knowledge of business being supported.
Obtain and analyze financial information and documentation to establish the credit worthiness of each assigned customer account.
Understand the importance of cash flow, working capital, and liquidity
Be able to communicate effectively with bank relationship managers
Understand a lender’s covenant restrictions and be able to analyze any covenant tests
Effectively communicate with a company’s senior management focusing on obtaining financial information necessary to support a credit exposure
Understand a customer’s financial plan and be able to track against actual performance
Identify and refer problem customers to senior management.
Prior success in exiting customer accounts.
Assist the collection department by reviewing and ensuring maximum collectability of problem accounts.
Coordinate closely with client service teams to ensure quality client service, retention, and operational efficiencies that meet or exceed Company standards.
Identify and refer customers to our new business department who have the characteristics of a prospective client.
Maximize efficiencies and productivity by responding to client’s inquiries/requests in a timely fashion, inputting lines of credit where appropriate while meeting or exceeding credit department standards and risk rewards philosophies.
Ability to communicate effectively in a variety of presentation settings; face to face and in small groups; subordinates; and when appropriate, senior management.
Ability to motivate and bring out the best in people.
Ability to negotiate with customers and clients to achieve aforementioned goals, client service and protection of Company’s assets.
Ability to operate under pressure without sacrificing quality, accuracy, or the needs of others.
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