Cluster Manager - Credit/Senior Cluster Manager - Credit

Job description

**Job Purpose** - Risk Management for the company- Credit Managers play a critical role in managing risk. They assess the creditworthiness of potential customers and monitor existing clients - Compliance- Ensure compliance with relevant laws and regulations. They must stay informed about legal requirements related to credit lending and ensure that the organization adheres to them. - Financial Growth- Credit Managers contribute to the financial growth of the organization. By making informed decisions about credit limits, terms, and conditions, they help facilitate sales while minimizing bad debt losses. - Credit Policies and Procedures- They are responsible for implementing and maintaining consistent credit policies. This includes periodic credit reviews of existing customers and assessing the creditworthiness of potential clients. **Duties and Responsibilities** - Evaluate potential customerscreditworthiness - Evaluate reduce the credit risk - Approve and reject loans through the available data - Review and update the company's credit policy and monitor loan payments and bad debts. - Play a vital role in maintaining financial stability through effective credit risk management and debt collection strategies. - Require a combination of hard skills such as financial analysis and soft skills like communication and negotiation to excel in their role - Controlling the overall credit exposure of the company can be complex closely monitor accounts receivable and assess the creditworthiness of customers. - Analyzing financial statements, credit reports, and payment histories to gauge risk levels. - Ensuring compliance with credit policies - Making informed decisions based on financial regulations and company policies. - Utilizing technology and staying updated on industry trends also contribute to their effectiveness **Required Qualifications and Experience** - Graduate/Post Graduate/MBA with minumum expserience of 1-3 Yrs in credit underwriting, specifically having knowledge of tractor underwriting.