Credit Officer

Midis Group; Dubai; On-site; AED 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a diligent Credit Officer to enhance their credit management processes. In this pivotal role, you will assess the creditworthiness of clients, implement credit policies, and ensure timely collections to mitigate financial risks. Your expertise will be crucial in maintaining customer credit files and coordinating with sales teams to resolve credit issues. This position offers an opportunity to make a significant impact within a dynamic environment while working closely with various departments. If you have a strong background in finance and a passion for credit management, this role could be the perfect fit for you.

Qualifications

• 3+ years of relevant experience in credit assessment and financial analysis.
• Bachelor's degree in Finance, Accounting, or related field is required.

Responsibilities

• Maximize accounts receivable performance through timely collections.
• Approve credit lines for small to mid-sized customer accounts.
• Coordinate with sales team on customer credit issues.

Skills

Credit Assessment

Financial Analysis

Risk Management

Communication Skills

Education

Bachelor's degree in Finance

Bachelor's degree in Accounting

Bachelor's degree in Business Administration

Job description

Bachelor of Business Administration(Management)

Nationality: Any Nationality

Vacancy: 1 Vacancy

Job Title

Credit Officer

Job Scope

The Credit Officer is accountable for applying the company credit and collection policies and practices while implementing internal control systems. S/He assesses the creditworthiness of existing and/or prospective clients, examines and reports financial transactions and credit history.

Main Duties and Responsibilities

1. Maximize the accounts receivable performance and mitigate risks through timely collections and accurate follow-up on due amounts.
2. Approve the credit line for small to mid-sized customer accounts within the approved insurance limit.
3. Deal with customer credit issues in coordination with the sales team and other departments on a regular basis.
4. Ensure postdated cheques are collected and deposited on time.
5. Prepare and send the balance confirmation and monthly statements to clients and report on status to concerned.
6. Build and maintain the customer credit files with the necessary supporting documents and update them regularly.
7. Coordinate with the sales team on credit actions as and when necessary.

Position Requirements

Education

Bachelor's degree in Finance, Accounting or any other related field.

Experience

At least 3 years of relevant experience.