About the role

Credit Manager - Working Capital

Job Summary:

The Credit Manager for Working Capital plays a pivotal role in ensuring the organization's financial health by managing credit risk and optimizing working capital. This position is essential for maintaining liquidity, supporting operational efficiency, and facilitating strategic growth through robust credit policies and practices.

Key Responsibilities:

Evaluate and assess customer creditworthiness by analyzing financial statements, credit reports, and payment histories.
Develop and implement credit policies and procedures to effectively manage the credit approval process for new and existing clients.
Monitor accounts receivable to identify slow-paying customers and implement strategies to minimize delinquencies.
Collaborate with sales and finance teams to balance risk and support sales growth while ensuring compliance with credit guidelines.
Prepare detailed reports and present recommendations to senior management regarding credit risk exposure and working capital strategies.
Conduct regular reviews of credit limits and adjust as necessary based on market conditions and customer performance.
Manage collections processes and negotiate with customers to establish payment plans when necessary to recover outstanding debts.

Requirements:

Bachelor’s degree in Finance, Business Administration, or a related field.
5+ years of experience in credit management, financial analysis, or related roles.
Strong understanding of credit analysis techniques and financial statement interpretation.
Excellent negotiation and communication skills to build relationships with internal teams and external clients.
Proficiency in financial software and tools, along with experience in Microsoft Excel.
Ability to work independently and manage multiple tasks in a fast-paced environment.
Strong analytical skills with a detail-oriented approach to data analysis.

Preferred Qualifications:

Master’s degree in Finance, Accounting, or Business Administration.
Certification in Credit Management (e.g., CCM, CBA) or related professional qualifications.
Experience with ERP systems and credit management software.
Understanding of industry-specific credit risks and market conditions.
Track record of effectively managing a collections team and improving working capital ratios.

Benefits:

Competitive salary with performance-based bonuses.
Comprehensive health, dental, and vision insurance plans.
401(k) retirement plan with company matching contributions.
Flexible work arrangements to promote work-life balance.
Professional development opportunities and tuition reimbursement.
Paid time off and generous holiday scheduling.
A collaborative and inclusive company culture that values diversity and innovation.

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credit manager