Job description

A reputable and fast-growing Credit Company in Accra invites applications from suitable qualified applicants for the position of a Credit manager

Job Summary
oversees a company’s credit function, which includes evaluating the creditworthiness of potential customers, establishing credit policies, and managing accounts receivable to minimize risk and ensure timely payments. Key responsibilities involve analyzing financial data, approving or rejecting credit applications, setting credit limits, negotiating loan terms, and ensuring compliance with regulations.

Responsibilities
Creditworthiness evaluation: Assessing the credit history and financial stability of potential and existing customers to determine their ability to repay debt.

Policy development: Creating, implementing, and updating the company’s credit policies and procedures to ensure consistency and minimize financial risk.

Credit limit management: Setting and managing credit limits for customers based on risk assessment and company policy.

Risk mitigation: Monitoring loans, managing collections, and overseeing bad debts to protect the company’s financial health.

Financial analysis: Analyzing financial statements and using credit scoring models to make informed credit decisions.

Compliance: Ensuring all credit-granting activities adhere to relevant laws and regulations.

Reporting: Preparing and presenting credit reports to senior management.

Customer relations: Working with customers to negotiate terms, manage payments, and resolve issues, and collaborating with the sales department.

Qualification Required & Experience
• A minimum of a bachelor’s degree /HND in marketing, accounting, banking, finance, or a similar field.
• A minimum of 4 years of post-qualification and work experience in a micro credit environment.

Skills and Attributes
• Excellent knowledge of loan application procedures and best lending practice
• Hardworking and goal-driven
• Good communication, interpersonal and presentation skills
• Good planning, quantitative and analytical skills
• High integrity, confidentiality, firm and fair
• Strong computer literacy skills
• Advanced computer skills on MS Office.
• Proven knowledge of banking laws, rules and regulations
• High attention to detail and excellent analytical skills
• Sound independent judgment