Breif about credit manager in non banking
Budget: $10 – $30 USD
This is the first time I ever use the site.
I have marked the project as micro with low budget but assume there is away for a tip of things go well for me that should be at least usd 100.
I'm going to have an interview for a credit manager role in a non banking company which seems to be a senior position.
I need to show I'm technically qualified and that my past experiences of more than 10 in corporate and corporate credit banking in the banking sector along with my certificate in finance and mba in addition to certificate in commercial credit strongly assist me in making the transition to the new position
I need to show them the above by potentially laying out a plan verbally to them during the interview of what I'm going to do in the first 3 months taking into account they are well established company and I assume they already have proffisional procedure and policy.
in addition I would like to have a list of suggested Potential question they may ask. And to them questions to clarify the role further to me to show my interest
I need the above not because I'm unqualified but only because my whole experience is in corporate credit in the banking sector and I already have understanding of financial analysis for the purpose of determining ability to pay and how much to approve and I need to frame my existing knowledge in a language that they see relevant to them as a company.
The description of the job is as below
Implement group credit sales policy in all operating business units including
the system of implementation of credit controls and reports.
Perform periodic reviews and proposed updates in the group credit policy for the approval of the credit committee.
Manage new credit applications from customers.
Monitor the credit performance of customers
update customers’ credit ratings in the system.
Review and update customer’s credit limits the in system based on the latest credit ratings.
Ensure the validity of all credit-securing documentation submitted by customers.
Perform an evaluation of the customer’s creditworthiness, in line with the inputs from the contracted third-party credit evaluation agency and the credit committee.
Periodically assess and manage overall (net) credit exposure tolerance for the group
Assign, maintain, and periodically review ratings assigned to the countries, and credit financing institutions (banks) based on external indicators.
Monitor concentration limits assigned to countries and credit financing institutions (banks) as approved by the Credit Committee.
Liaison with sales and commercial teams of the group and all its business units ensuring credit sales commitments/pipeline do not breach approved credit exposure (net) tolerance.
Coordinate with the Account receivables team and perform credit recovery follow-ups ensuring timely collection from customers.
Develop and implement consequence management procedures for delays, defaults, and disputes with customers.
Develop and maintain other SOPs supporting the implementation of the group credit policy.
Coordination with business to develop a set of acceptable credit terms and conditions for the credit sales agreements/spot orders with customers.
Control master data changes ensuring necessary approval for all credit customers including archival of all documentation.
Prepare periodic reporting package for overall credit management activities and performance KPIs such as actual credit exposure (net) at group and business segment levels, risk concentration limits utilized (country, customer, banks), resolution of credit defaults/disputes cases and all other key business matters for the Credit Committee.
I have relevant experience in all of the above except that my experience is in banking and from a low position with no subordinates.
I do not know about my team in the new company and how many will work with or under me.
I have marked the project as micro with low budget but assume there is away for a tip of things go well for me that should be at least usd 100.
I'm going to have an interview for a credit manager role in a non banking company which seems to be a senior position.
I need to show I'm technically qualified and that my past experiences of more than 10 in corporate and corporate credit banking in the banking sector along with my certificate in finance and mba in addition to certificate in commercial credit strongly assist me in making the transition to the new position
I need to show them the above by potentially laying out a plan verbally to them during the interview of what I'm going to do in the first 3 months taking into account they are well established company and I assume they already have proffisional procedure and policy.
in addition I would like to have a list of suggested Potential question they may ask. And to them questions to clarify the role further to me to show my interest
I need the above not because I'm unqualified but only because my whole experience is in corporate credit in the banking sector and I already have understanding of financial analysis for the purpose of determining ability to pay and how much to approve and I need to frame my existing knowledge in a language that they see relevant to them as a company.
The description of the job is as below
Implement group credit sales policy in all operating business units including
the system of implementation of credit controls and reports.
Perform periodic reviews and proposed updates in the group credit policy for the approval of the credit committee.
Manage new credit applications from customers.
Monitor the credit performance of customers
update customers’ credit ratings in the system.
Review and update customer’s credit limits the in system based on the latest credit ratings.
Ensure the validity of all credit-securing documentation submitted by customers.
Perform an evaluation of the customer’s creditworthiness, in line with the inputs from the contracted third-party credit evaluation agency and the credit committee.
Periodically assess and manage overall (net) credit exposure tolerance for the group
Assign, maintain, and periodically review ratings assigned to the countries, and credit financing institutions (banks) based on external indicators.
Monitor concentration limits assigned to countries and credit financing institutions (banks) as approved by the Credit Committee.
Liaison with sales and commercial teams of the group and all its business units ensuring credit sales commitments/pipeline do not breach approved credit exposure (net) tolerance.
Coordinate with the Account receivables team and perform credit recovery follow-ups ensuring timely collection from customers.
Develop and implement consequence management procedures for delays, defaults, and disputes with customers.
Develop and maintain other SOPs supporting the implementation of the group credit policy.
Coordination with business to develop a set of acceptable credit terms and conditions for the credit sales agreements/spot orders with customers.
Control master data changes ensuring necessary approval for all credit customers including archival of all documentation.
Prepare periodic reporting package for overall credit management activities and performance KPIs such as actual credit exposure (net) at group and business segment levels, risk concentration limits utilized (country, customer, banks), resolution of credit defaults/disputes cases and all other key business matters for the Credit Committee.
I have relevant experience in all of the above except that my experience is in banking and from a low position with no subordinates.
I do not know about my team in the new company and how many will work with or under me.