Job Description

The Credit Manager oversees the credit-granting process, evaluates creditworthiness, and manages risk exposure for an organization. This role involves analyzing financial data, setting credit limits, implementing collection strategies, and leveraging credit risk technologies to minimize bad debt while optimizing revenue.Key Responsibilities
1. Credit Risk Assessment & Approval

• Evaluate credit applications (individuals, SMEs, corporates).
• Analyze financial statements, cash flow, and payment histories.
• Assign credit ratings using scoring models (e.g., FICO, Credit Bureau data).

2. Credit Policy Development & Compliance

• Establish credit policies aligned with risk appetite.
• Ensure compliance with NCA (National Credit Act), FICA, and SARB regulations.
• Monitor B-BBEE compliance in lending practices.

3. Portfolio Management & Risk Mitigation

• Track delinquent accounts and implement recovery strategies.
• Conduct stress testing on loan portfolios.
• Recommend provisions for bad debt (IFRS 9 impairment modeling).

4. Debt Collection & Recovery

• Oversee collections team and third-party agencies.
• Negotiate payment plans with high-risk clients.
• Manage legal recoveries (summonses, judgments).

5. Stakeholder Reporting & Communication

• Prepare credit risk reports for executives and regulators.
• Present portfolio performance to audit committees.
• Liaise with sales teams on credit terms for clients.

6. Technology & Automation

• Use credit risk software (Moodyxe2x80x99s CreditLens, Experian Decision Analytics).
• Implement AI-driven credit scoring (machine learning models).
• Automate collections workflows with CRM tools (Salesforce, SAP Collections).

Required Skills & Competencies
Technical Skills
xe2x9cx85 Credit Analysis: Financial ratios (DSCR, LTV, debt-to-income)
xe2x9cx85 Regulatory Knowledge: NCA, FICA, IFRS 9, Basel III
xe2x9cx85 Risk Modeling: PD (Probability of Default), LGD (Loss Given Default)
xe2x9cx85 Data Tools: SQL, Power BI, Advanced Excel (PivotTables, VLOOKUP)
xe2x9cx85 Credit Bureau Systems: TransUnion, Experian, Compuscan
Soft Skills
xe2x9cx94 Negotiation & Conflict Resolution xe2x80x93 Handling difficult client discussions
xe2x9cx94 Attention to Detail xe2x80x93 Spotting financial red flags
xe2x9cx94 Decision-Making Under Pressure xe2x80x93 Balancing risk vs. revenue
xe2x9cx94 Leadership xe2x80x93 Managing collections/underwriting teamsQualifications & Certifications
Mandatory:

• Bachelorxe2x80x99s degree in Finance, Accounting, or Risk Management (BCom, BSc).
• Honours/Postgraduate Diploma in Credit Management (Preferred).

Professional Certifications (Highly Valued):

• Certified Credit Professional (CCP)
• FRM (Financial Risk Manager)
• CA(SA)/CFA

Feeblo