Credit Manager

RESPONSIBILITIES

• Assist the Director of Credit & Risk Management with matters relating to credit & risk management;
• Supervise, guide and review the day to day works of the Credit Risk Analysts /Executives;
• Recommend improvements of credit risk measures, controls and processes;
• Responsible to develop and maintain a robust in house proprietary algorithm credit scoring system and also the credit review systems for all our existing/new/potential customers – automation from input to calculation to outputs and mitigation measures (auto-alert etc.);
• Credit analysis of new and/or existing counterparties to identify key credit risk issues and recommend appropriate credit limits for agreement approval or to detect and deterioration of financial condition and adverse industry risk for credit approval;
• Work and liaise with internal departments on credit risk issues and to ensure compliance of credit regulations and expectations are conveyed clearly;
• Participate in due diligence of counterparties during registration upon request;
• Keep up with the latest news and updates on existing counterparties’ and the industry, and monitor any potential changes to the creditworthiness of these counterparties;
• Participating in trade credit insurance related matters;
• Check and/or prepare the various credit & risk related reports;
• Any other duties as assigned by Director in-charge.

REQUIREMENTS

• Proven role as manager or in a relevant risk management role; 15+ years of experience in risk analytics /risk control/risk management with knowledge on maritime sectors preferred
• The ability to work independently and reliably with minimal supervision
• Strong knowledge of quantitative and qualitative credit models and methodologies
• Strong knowledge of MS Office programs
• Degree level education in a business or numerate discipline
• Personal characteristics: a solid commercial view – a team player – driven and ambitious – hard-working and flexible. Able to handle responsibility and resilient. Confident and effective communicator.

Department Duties & Responsibilities

1. Including customer credit evaluation, credit granting, trade credit insurance, internal monitoring and management;
2. Review and approve new counterparties for registration. The approving process to be carried out through and registered in Company’s internal system;
3. Evaluate credit applications through Company’s internal system;
4. Monitor the credit exposures of existing customers and mitigation actions thereof;
5. To assist in applications for credit limits that have exceeded that allowed and/or urgent requests for credit limits changes;
6. Keep up-to-date with the credit standing of active counterparties；
7. Monitor and review of the status of the Company’s AR and collection trends;
8. Implement improvements to existing processes and/or additional controls activities to address counterparty and risk issues;
9. Prepare reports in relation to credit risk include Master Counterparties List, Credit Utilization Report and Late Payment List; and
10. Report to the Credit Committee on urgent credit issues.

Note:

Counterparties defined are consistent with the Credit Policy shall include the following:

1. Physical trading customer; and
2. Ship owner, ship agent, cargo owner, broker and others.

Please send an updated resume to [email protected] or apply directly if you are keen to apply for this position

We will contact you if you are shortlisted for this position