Area Credit Manager-Equipment Finance

Roles and Responsibilities

Credit Risk Assessment

• Evaluate the creditworthiness of new and existing customers.
• Analyze financial statements, credit reports, and other relevant information to determine credit limits.

Credit Policy Development

• Develop and implement credit policies and procedures aligned with company objectives.
• Ensure compliance with legal and regulatory requirements related to credit management.

Credit Limit Determination

• Set appropriate credit limits for customers based on risk analysis.
• Periodically review and adjust credit limits as required.

Customer Relationship Management

• Collaborate with sales and customer service teams to understand customer needs and payment terms.
• Communicate credit decisions and policies to internal and external stakeholders.

Collections Management

• Monitor accounts receivable and aging reports to identify overdue payments.
• Implement and manage collections strategies to minimize delinquencies.

Dispute Resolution

• Investigate and resolve disputes related to billing and collections.
• Work closely with sales and customer service teams to address customer concerns promptly.

Reporting and Analysis

• Prepare regular reports on credit and collections performance.
• Analyze trends and provide actionable insights to senior management.

Credit Training

• Provide training to internal teams on credit policies, risk assessment, and collections procedures.
• Stay informed about industry best practices and changes in credit-related regulations.

Credit Portfolio Management

• Manage the overall credit portfolio for the assigned area.
• Develop strategies to optimize the balance between risk and revenue.