Credit Manager at Dara Capital

• oversees a company’s credit function, which includes evaluating the creditworthiness of potential customers, establishing credit policies, and managing accounts receivable to minimize risk and ensure timely payments.
• Key responsibilities involve analyzing financial data, approving or rejecting credit applications, setting credit limits, negotiating loan terms, and ensuring compliance with regulations.

• Creditworthiness evaluation: Assessing the credit history and financial stability of potential and existing customers to determine their ability to repay debt.
• Policy development: Creating, implementing, and updating the company’s credit policies and procedures to ensure consistency and minimize financial risk.
• Credit limit management: Setting and managing credit limits for customers based on risk assessment and company policy.
• Risk mitigation: Monitoring loans, managing collections, and overseeing bad debts to protect the company’s financial health.
• Financial analysis: Analyzing financial statements and using credit scoring models to make informed credit decisions.
• Compliance: Ensuring all credit-granting activities adhere to relevant laws and regulations.
• Reporting: Preparing and presenting credit reports to senior management.
• Customer relations: Working with customers to negotiate terms, manage payments, and resolve issues, and collaborating with the sales department.

• A minimum of a bachelor’s degree /HND in marketing, accounting, banking, finance, or a similar field.
• A minimum of 4 years of post-qualification and work experience in a micro credit environment.

• Excellent knowledge of loan application procedures and best lending practice
• Hardworking and goal-driven
• Good communication, interpersonal and presentation skills
• Good planning, quantitative and analytical skills
• High integrity, confidentiality, firm and fair
• Strong computer literacy skills
• Advanced computer skills on MS Office.
• Proven knowledge of banking laws, rules and regulations
• High attention to detail and excellent analytical skills
• Sound independent judgment

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