Credit Specialist

Job Summary:

The Credit Specialist plays a pivotal role in the assessment and evaluation of financial information provided by applicants utilizing a comprehensive set of criteria to make recommendations to Management regarding the credit viability and creditworthiness of customers. This position also assists the Credit Manager in enforcing credit policies and internal control measures.

Duties and Responsibilities:

Customer Credit Evaluation and Customer Master File Maintenance:

1. Ensure the submission of complete documentary requirements by the Customer before commencing credit evaluation as specified in the Customer Application Form (CAF).
2. Conduct timely and thorough credit investigations by verifying information provided in the CAF through communication with the customers top Suppliers and Banking Institutions. Whenever possible perform onsite inspections of the applicants site farm store office and residence to assess their financial capabilities in addition to financial statement analysis.
3. Verify the signing notarization and provision of Credit Line Agreements (CLA) to new customers. In cases where agreed credit limits change or increase ensure that a new CLA is prepared to cover these changes. Maintain these CLAs in a Customer File for future reference alongside the submitted required documents.
4. Ensure the prompt setup and creation of accounts in the CRM Salesforce and SAP (Systems Application and Products) to be used by various departments for order processing.
5. Monitor the development of delinquent accounts and if necessary oversee the account turnover to legal with credit analysts or credit specialists handling this process.
6. Act as the companys representative in legal collection activities with the credit analyst or credit specialist having full responsibility in such cases.
7. Maintain regular visits to customers providing updates to the company on any changes in the customers business compared to the time of application. Assist the team in addressing concerns related to Accounts Receivable and offer recommendations and proposed solutions.
8. Monitor the risk coverage in relation to available collateral (BG SBLC REM) and advise the AVP & VP for Sales when credit limits exceed the collateral provided. Seek approval for collateral offerings.
9. Ensure the necessary Loan Agreements (Real Estate Mortgage Truck Loan Agreement Gilt & Repop Loans Ready to Lay (RTL) and Building Loan Agreements) are signed notarized and registered with the Registry of Deeds.
10. Assist the Sales department in verifying and evaluating Real Estate Properties offered as collateral before accepting them.
11. Seek approval to secure professional assistance for real estate assessment to make appropriate recommendations on provided credit limits.

Reporting:

1. Ensure the accurate and timely submission of monthend reports on Customer Set up emphasizing the timeliness and accuracy of Customer Set up.
2. Submit Customer Visit Reports to AVP & VP for Sales and the Credit Management Team in a timely manner sharing findings and recommendations resulting from customer visits.
3. Provide information on property description location and valuation regarding Real Estate evaluations conducted prior to accepting property as collateral coordinating with professional assessors.
4. Report any delays in the submission of CLAs and Loan Agreements by the Customer Territory Business Managers (TBMs) and Key Accounts Managers (KAM) to the Credit Management Head and F&N and Agri Business Sales Heads.

Qualifications :

• Bachelors degree in Finance Accounting or a related field.
• With gain experience as a Credit Analyst or in a similar role.
• Strong analytical and financial analysis skills.
• Knowledge of credit policies and regulations.
• Excellent communication and interpersonal skills.
• Proficiency in Salesforce and SAP (System Application and Products) or similar financial software is a plus.
• Strong attention to detail and ability to work independently.

Required Work Experience:

A minimum of two (2) years of relevant experience gained from a reputable banking institution focused on credit investigation and receivables. This experience should also encompass proficiency in accounting software and other computerbased programs.

Remote Work :

No

Employment Type :

Fulltime