Senior Credit Risk Manager - CPT at Marvel Placement Consultant

Job Details

• We are looking for an experienced and detail-orientated Credit Risk Manager to join a company specialising in complex ICT solutions based in Cape Town Central. The Credit Manager will be evaluating and extenuating credit risks associated with the companies’ lending activities.

Minimum Requirements:

• Bachelor’s degree in Finance, Accounting, Business Administration, or any comparable field is essential.
• Must be proficient in financial analysis and credit risk assessments.
• No less than 10-15 years of proven experience in the Credit Management and CGIC insurance field is required.
• Must have strong knowledge of the National Credit Act.
• Must have strong knowledge of the Regulatory Credit Management laws.

Duties and responsibilities:

• Maintaining a healthy credit portfolio and ensuring the company’s financial stability and growth.
• Assess the creditworthiness of new and existing customers.
• Guarantee compliance with local and international regulations associated with credit and collections.
• Train and mentor, the credit department staff.
• Regularly review and enhance the credit management process.
• Update the team regularly on industry trends, technology advancements and credit analysis techniques.
• Stay informed about industry best practices and regulatory changes.
• Discuss credit terms and policies with customers.
• Cooperate with the internal stakeholders to address customer credit concerns.
• Work closely with the sales, legal, and finance teams to coordinate credit-related activities.
• Upholding accurate records of credit transactions.
• Provide reports regularly on accounts receivable statuses and credit risk to senior management.
• Adress inquiries and resolve issues related to credit terms and payments.
• Implement and develop effective credit policies and procedures.
• Manage the collections process to ensure timely payment.
• Develop and implement collection strategies and collaborate with the collection agencies if needed.
• Ensure compliance with legal and regulatory requirements in all credit transactions.
• Identify and assess credit risk as well as developing and implementing strategies to mitigate these risks.
• Establish collateral requirements and manage high-risk accounts.
• Analyse financial statements, credit reports and all other relevant data to make informed credit decisions.