Purpose of the Job

The Credit Executive is responsible for managing the company's credit processes and policies, ensuring timely and accurate credit assessments, and minimizing credit risk. The role involves evaluating customer creditworthiness, approving credit limits, monitoring outstanding debts, and coordinating with internal and external stakeholders to ensure effective debt collection and risk mitigation.

Job Description

• Review and analyze customer financial statements and credit reports to evaluate creditworthiness.
• Recommend credit limits for new and existing customers based on risk assessments.
• Ensure compliance with the company’s credit policies and procedures.
• Process and approve credit applications in accordance with the company’s credit policies.
• Set terms and conditions of credit facilities for customers.
• Work closely with sales and finance teams to ensure alignment in credit terms.
• Monitor accounts receivable and ensure timely collection of outstanding invoices.
• Identify and flag potential credit risks or defaults, initiating corrective actions when necessary.
• Regularly review the credit portfolio and adjust credit limits based on payment history and financial health.
• Collaborate with customers and internal teams to resolve payment issues and disputes.
• Implement debt recovery strategies and follow up on overdue payments.
• Prepare reports on delinquent accounts and liaise with legal teams when necessary for further action.
• Maintain accurate records of credit applications, approvals, and collections.
• Prepare monthly, quarterly, and annual reports on credit performance and outstanding debts.
• Provide analysis and recommendations to senior management on improving credit processes.
• Act as a point of contact for customers regarding credit-related matters.
• Work closely with sales teams to balance business growth objectives with credit risk management.
• Build strong relationships with customers, ensuring long-term partnerships while maintaining credit discipline.

Job Requirements - Experience and Education

• Bachelor’s degree in accounting, Finance, or a related field.
• 2-4 years of experience in credit management or a similar role.
• Strong knowledge of credit processes, financial analysis, and risk management.
• Ability to work independently and as part of a team.
• Proficiency in accounting software and financial management systems (e.g. SAP system).
• Ability to handle pressure and meet deadlines.
• Proficiency in Microsoft Office Suite, particularly Excel.

Leadership Behaviors

Skills