AREA CREDIT MANAGER

L T Finance LTD is looking for AREA CREDIT MANAGER at our location Patna to join our dynamic team and embark on a rewarding career journey.The Area Credit Manager is responsible for managing the credit and collections activities within a specific geographical area or region. This includes assessing creditworthiness, setting credit limits, monitoring accounts receivable, and ensuring timely collections. Key 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 in line 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 needed. 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. Collaborate with sales and customer service to address customer concerns and facilitate prompt resolution. Reporting and Analysis: Prepare regular reports on credit and collections performance. Analyze trends and provide 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.