A credit manager may be a professional who administers the credit giving process for a company by assessing the financial soundness of potential clients. Credit supervisors must keep up corporate credit arrangement to optimize company deals and reduce bad debt losses. They must oversee the right relationship with organizations such as the collection agency, credit protections suppliers, and the deals office. Credit supervisors may work in numerous businesses such as banks, bookkeeping firms, or auto dealerships. They must also have a bachelor’s degree in financial management or related field.
Here are examples of responsibilities from real credit manager resumes representing typical tasks they are likely to perform in their roles.
1.Manage treasury department including all cash management, bank relationships, and debt negotiations.
- Manage an initiative to move customers from checks to ACH with CTX or EDI remittances.
- Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
- Launch the new SBA lending and residential mortgage lending programs.
- Complete loan workouts and restructures on SBA 504 and LIHTC multifamily loans.
- Leverage GBM using features generate on Experian’s tradeline data through unsupervise learning tool Khiops.
- Implement e-signature of loan documents and e-funding (loan origination system to fund/disperse loans).
- Work closely with internal audit to write policy that is SOX compliant as it pertains to the credit department.
- Leverage relationships with internal/external customers to minimize the DSO and bad-debt exposure.
- Audit monthly reconciliations of accounts receivable and purchasing powers for clients base on account status
- Issue credit and debit memos, accounts receivable reconciliations and respond to customer requests for documentation
- Implement export inter-company DSO analysis to provide visibility to the business as it significantly impacts working capital.
- Implement necessary monthly accounting reconciliations to meet SOX requirements and successfully pass several SOX and several internal/external audits.
- Supervise staff of collections representatives responsible for reducing bad debt while also upholding company policies, and following strict legal regulations.