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29/10 Ria
HR at PayMate

Views:12766 Applications:529 Rec. Actions:Recruiter Actions:73

PayMate - Credit Officer/Credit Manager (5-8 yrs)

Mumbai Job Code: 758652

Reports to: Chief Executive Officer/Chief Financial Officer

Basic Function: The credit manager position is accountable for the entire credit granting process, including the consistent application of a credit policy, periodic credit reviews of existing customers, and the assessment of the creditworthiness of potential customers, with the goal of optimizing the mix of company sales and bad debt losses.

Principal Accountabilities:


1. Maintain a department organizational structure sufficient to meet all goals and objectives

2. Properly motivate the credit and collections staff

3. Measure department performance with appropriate metrics

4. Provide for ongoing training of the credit staff

5. Manage relations with collection agencies

6. Manage relations with credit reporting agencies

7. Manage relations with the sales department

Credit Operations

1. Maintain the corporate credit policy

2. Be conversant with the role played by technology in evaluating credit and help the tech team to develop a Technology based Lending Platform based on various parameters required for the same. Ideally should have worked in a financial institution which has used technology to evaluate credit applications.

3. Recommend changes in the credit policy to senior management

4. Make sure all the credit policies are followed in all transactions that take place in their department

5. Create a credit scoring model

6. Manage customer credit files

7. Monitor the credit granting and updating process

8. Accept or reject the staff's credit recommendations

9. Make sure that the defaulters pay up by sending letter to their homes reminding them of the loan

10. Personally manage and monitor the major customer credit applications

11. Personally be in touch with the major customers to establish relations

12. Monitor real time credit reviews

13. Monitor deductions being taken by customers

14. Manage the application of late fees

15. Manage the corporate financing program

Desired Qualifications:

5+ years of credit experience. Bachelor's degree in business and experience with credit scoring systems preferred. Have a thorough knowledge of credit-related laws. Be willing to periodically travel to customer sites. Have considerable experience with customer negotiations.

Working Conditions:

Works in a fast-paced office environment. Expected to travel to customer locations on short notice to conduct negotiations. Occasional overtime may be necessary.

Supervises: Credit analyst staff

Women-friendly workplace:

Maternity and Paternity Benefits

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