Credit and Cash Flow Manager
4 days ago
Job Overview
We are seeking a highly skilled Credit & Collection Manager to oversee our company's credit policies and collection processes. This role requires strategic thinking, strong analytical skills, and excellent communication abilities.
Main Responsibilities
- Develop and implement credit policies and procedures to minimize risk and optimize cash flow
- Evaluate the creditworthiness of new and existing clients through financial analysis, credit scoring, and risk assessment
- Set appropriate credit limits and payment terms for customers
- Approve or escalate credit requests based on company policies and risk levels
- Monitor and report on the overall health of our company's credit portfolio
Collections and Accounts Receivable
- Oversee the collections process to ensure timely payments and reduce outstanding debts
- Develop strategies to minimize bad debts and improve collection efficiency
- Negotiate payment terms and settlements with clients when necessary
- Collaborate with the sales and finance teams to resolve billing disputes and client concerns
- Prepare regular reports on aging receivables, collection performance, and delinquency trends
Compliance and Reporting
- Ensure compliance with internal policies, financial regulations, and legal requirements
- Maintain accurate records of all credit and collection activities
- Provide regular updates and reports to senior management on credit risk and collection performance
- Work closely with auditors and legal teams when necessary
Team Leadership and Collaboration
- Lead and mentor the credit and collections team, providing guidance and training as needed
- Work closely with the finance, sales, and customer service teams to align credit and collection strategies with business objectives
- Foster strong relationships with customers to facilitate smooth payment processes and dispute resolution
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