Credit Risk Manager

4 weeks ago


Sutton Coldfield, Birmingham, United Kingdom Your Recruiters Full time £33,000
Position: Credit Risk Manager

Type: Permanent Contract

Working Hours: 40 hours per week, Monday to Friday

Key Responsibilities:

Debt Recovery:
  • Addressing queries related to invoices, credit, and debit notes.
  • Coordinating internally to support debt management and recovery efforts.
  • Establishing and agreeing on payment arrangements with the assistance of the Credit Manager and Sales teams.
  • Placing accounts on hold when they surpass credit terms, limits, and overdue statuses.
  • Conducting thorough reviews and checks for new accounts, including credit assessments and compliance verification.
  • Performing comprehensive reviews of uninsured accounts every two years.
  • Monitoring accounts to ensure they maintain regular trading patterns and adhere to payment terms.
  • Reconciling accounts on a monthly, quarterly, and annual basis.
  • Evaluating all bad debt write-offs and CVAs, discussing provisions or releases with the Finance department.
  • Reviewing the ledger to identify risks, concerns, and opportunities, and reporting findings to the Manager.
  • Protecting company assets through the implementation of effective controls.
  • Complying with the Company Credit Policy.

Credit Limit Management:
  • Assessing all active debtor accounts to ensure compliance with insured or agreed credit limits.
  • Reviewing accounts that exceed credit limits and obtaining further credit reports as necessary.
  • Ensuring that all accounts trading over a specified threshold receive appropriate approvals from designated authorities.
  • Conducting annual reviews of accounts with significant credit limits and biennial reviews for those below a certain threshold.

General Department Support:
  • Providing coverage for telephone inquiries during periods of absence.

Company Commitment:
We are dedicated to fostering a diverse and inclusive workplace for all employees.

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