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:
- Bachelors 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.
- Maintaining a healthy credit portfolio and ensuring the companys 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.
Submissions for this vacancy will close on the 11th of December 2023, however, you will still have the opportunity to submit your CV for this position till 21st of December 2023,
Please Note
Thank you for submitting your CV to Marvel Placement Consultants. We value your submission, and we try our utmost best to get back to each applicant. However, should your application be successful, we will be in contact with you. Should you not hear from us within two weeks of application, please consider your application as unsuccessful. We are however recruitment specialists and will keep your details on our database for possible future opportunities.
PoPI Act
Please note that Marvel Placement Consultants adhere to the POPI Act (Act No. 4 of 2013: Protection of Personal Information Act, 2013). Section 9 of PoPI states that Personal Information may only be processed if, given the purpose for which it is processed, it is adequate, relevant and not excessive.
