Credit Risk Manager
1 week ago
Sri Sri Tattva Panchakarma is a leading provider of holistic wellness solutions, dedicated to delivering exceptional patient care and experiences.
Job SummaryWe are seeking an experienced Credit Risk Manager to join our finance team. The successful candidate will be responsible for managing and optimizing our company's credit control processes, ensuring effective collection of outstanding debts while minimizing the risk of bad debts.
Key Responsibilities:- Credit Management:
- Develop and implement credit control policies and procedures to ensure compliance with legal and regulatory requirements.
- Monitor and manage the company's credit risk by assessing the creditworthiness of new and existing customers, maintaining accurate and up-to-date customer credit information and credit limits.
- Debt Collection:
- Oversee and manage the collection of overdue accounts, including the resolution of disputes and discrepancies, conducting regular follow-ups with customers to ensure timely payments.
- Negotiate payment plans and settlements with customers when necessary.
- Reporting & Analysis:
- Prepare and present regular reports on aged debt, collection activities, and credit risk exposure to senior management, analyzing customer payment trends and identifying potential risks to develop proactive strategies.
- Customer Relationship Management:
- Built and maintain strong relationships with key customers to facilitate effective communication and resolution of credit issues, providing excellent customer service while balancing the need to manage credit risk.
- Team Leadership:
- Mentor and guide junior credit control staff, providing training and support as needed, fostering a collaborative and results-driven team environment.
To be considered for this role, you must have:
- A Bachelor's or Master's degree in Finance, Accounting, Business Administration, or a related field.
- Minimum 5-7 years of experience in credit control or a related financial role, with at least 2 years in a senior or supervisory capacity.
- Professional certification (e.g., ACA, ACCA) is a plus.
- Strong understanding of credit management principles and debt collection processes, excellent analytical and problem-solving skills, proficiency in financial software and Microsoft Office Suite, especially Excel.
- Strong communication and negotiation skills, ability to work under pressure and manage multiple priorities.
The estimated annual salary for this role is $80,000 - $110,000 depending on experience.
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