Manager - Credit

Location Name: Ranchi

Job Purpose

• Risk Management for the company- Credit Managers play a critical role in managing risk. They assess the creditworthiness of potential customers and monitor existing clients,
• Compliance- Ensure compliance with relevant laws and regulations. They must stay informed about legal requirements related to credit lending and ensure that the organization adheres to them.
• Financial Growth- Credit Managers contribute to the financial growth of the organization. By making informed decisions about credit limits, terms, and conditions, they help facilitate sales while minimizing bad debt losses.
• Credit Policies and Procedures- They are responsible for implementing and maintaining consistent credit policies. This includes periodic credit reviews of existing customers and assessing the creditworthiness of potential clients.
  
  
  

Duties And Responsibilities

• Evaluate potential customers’ creditworthiness
• Evaluate & reduce the credit risk
• Approve and reject loans through the available data
• Review and update the company's credit policy and monitor loan payments and bad debts.
• Play a vital role in maintaining financial stability through effective credit risk management and debt collection strategies.
• Require a combination of hard skills such as financial analysis and soft skills like communication and negotiation to excel in their role
• Controlling the overall credit exposure of the company can be complex & closely monitor accounts receivable and assess the creditworthiness of customers.
• Analyzing financial statements, credit reports, and payment histories to gauge risk levels.
• Ensuring compliance with credit policies
• Making informed decisions based on financial regulations and company policies.
• Utilizing technology and staying updated on industry trends also contribute to their effectiveness
  
  
  

Required Qualifications And Experience

Graduate/Post Graduate/MBA with minumum expserience of 1-3 Yrs in credit underwriting, specifically having knowledge of tractor underwriting.