A Credit Coordinator is responsible for managing the credit process, assessing creditworthiness, and ensuring compliance with credit policies to minimize financial risk while supporting sales

• Evaluate and process credit applications by performing credit checks and analyzing financial statements to determine the creditworthiness of individuals and businesses.
• Establish and maintain credit limits for new and existing customers based on thorough credit analysis and risk assessment
• Monitor accounts receivable aging reports to identify delinquent accounts and initiate collection efforts, including contacting customers via phone, email, or mail.
• Negotiate payment plans with customers who are unable to pay their debts in full, ensuring arrangements are feasible for both parties.
• Work closely with sales and customer service departments to resolve credit issues that may affect order processing or customer relationships.
• Maintain accurate records and reports related to credit and collections activities, documenting all customer interactions and payment arrangements.
• Ensure that all credit activities comply with relevant laws and regulations, updating credit policies as necessary to protect the organization from legal penalties.

Qualifications
 

• A Bachelor’s degree in finance, accounting, business, or a related field is typically preferred.
• Proven experience in credit management or a similar role, usually requiring at least 2 years of relevant experience.
• Strong analytical, organizational, and communication skills are essential. Proficiency in financial software and Microsoft Office Suite, especially Excel, is often required.
• Ability to handle confidential information with discretion and maintain accurate records.