Sr Executive / Assitant Manager - Credit Operations

Job Description:

Roles & Responsibilities:

• Evaluate the creditworthiness of clients by analyzing financial statements, credit reports, and payment history.

• Assess and determine the eligibility of clients for credit and further business transactions.

• Coordinate with banks and financial institutions to obtain and verify credit information.

• Coordination with Sales Team:

• Collaborate closely with the sales team to understand client requirements and credit terms.
• Ensure that all credit approvals are in line with company policies and sales strategies.
• Provide timely feedback to the sales team regarding credit approval status and any required documentation.

• Credit Approval and Documentation:
• Prepare and maintain all necessary documentation related to credit approvals and agreements.
• Ensure that all credit transactions comply with company policies and regulatory requirements.
• Monitor and update credit records in the company’s financial system.

• Client Communication and Relationship Management:
• Follow up with clients to gather required documentation and information for credit evaluation.
• Maintain effective communication with clients regarding their credit status and any issues related to their credit terms.
• Address and resolve client queries and concerns related to credit and payment terms.

• Bank Coordination:
• Liaise with banks to facilitate credit approvals and manage credit lines.
• Ensure timely processing of credit requests and resolve any issues that may arise with the bank.
• Monitor bank transactions related to client credits and ensure accuracy.

• Risk Management:
• Identify potential credit risks and recommend appropriate actions to mitigate them.
• Monitor client accounts to ensure timely payments and manage overdue accounts.
• Report any significant credit risks to senior management and suggest corrective actions.

• Reporting and Analysis:
• Prepare regular reports on credit activities, including approvals, rejections, and outstanding credit lines.
• Conduct periodic reviews of client credit limits and adjust as necessary based on their financial performance.
• Analyze credit data and trends to support decision-making and policy adjustments.

Preferred Qualifications:

•  Bachelor's degree in finance, accounting, business administration, or related field.
•  2 years of experience in credit operations, risk management, or a related role.
•  Knowledge of credit laws, regulations, and best practices.
•  Strong analytical and problem-solving skills.
• Excellent communication and negotiation skills.
• Proficiency in using credit scoring models and financial analysis tools.

Additional Skills:

•  Attention to detail and accuracy.
•  Ability to work independently and collaboratively within a team.
•  Proficient in Microsoft Office Suite and credit management software.

 Benefits:

• Medical benefits
• 5 Working Days