Credit Officer - Cagayan De Oro

This job ensures that the creditworthiness of customers is independently and effectively established as a basis for approval of credit line requests by the authorized company’s officers; the credit lines extended to customers are managed in accordance with the approved credit policies of the company; and the approved credit terms and conditions of the customer are strictly implemented and any deviations from it are duly approved by the authorized company’s officers.

QUALIFICATIONS

• Must be residing in CDO
• College Graduate of any related Business Course, BS Accountancy Preferred
• Preferably with at least 3-5 years experience.

JOB SCOPE

• Analyzes and processes credit line applications of various customers. Regularly gathers relevant information about customers to facilitate the assessment of their sustained capacity to pay.
• Oversees the implementation of credit policies and procedures by its direct reports in their respective cluster areas.
• Recommends solutions on credit issues to arrest or mitigate credit risks;
• Leads in the monthly review of past due accounts and focuses on the formulation of collection plans and on the monitoring of its implementation;
• Manages relations with financial service providers, credit associations and court offices that can provide credit solutions to customers’ credit requirements;
• Identifies, provides and recommends appropriate trainings for its direct reports;
• Conducts plant and warehouse visits, walk-by to assess quality systems and do Safety Observations
• Supports and demonstrates ownership of health and safety in his/her own area of responsibility
• Strictly implements approved credit limit and terms and controls, through Credit Analysis Report, and sales orders of customers with documentary deficiencies and irregularities for approvals of authorized company officers.
• Monitors the status of each account in terms of overdue, PDC collections, and DSO, and advises the sales group on credit solutions to improve performance.
• Reviews wordings of collateral documents and ensures that collateral documents are physically available and legally operative to enforce collection.
• Prepares and sends notice of compliance, collection/demand letters, and notice of dishonor, to delinquent customers and securely keeps copies of which for future reference.
• Manages settlement of non-performing or moving accounts; if becomes necessary, facilitates the filing of legal case(s) against delinquent customers and attends to all court proceedings.
• Performs tasks and other duties that may be assigned by his/her immediate supervisor from time to time.

Skills and Competencies Needed:

• Knows how to conduct Credit Investigation / Risks Identification;
• Has knowledge on basic financial analysis;
• Has basic knowledge on steel / roofing and cement industry
• Has basic knowledge on Oracle System
• Critical and Analytical thinking skills
• Computer Literate and proficient with Microsoft Applications

Perks and Benefits

• Life Insurance
• Medical / Health Insurance
• Medical, Prescription, Dental, or Vision Plans
• Vacation Leave
• Sick Leave
• Birthday Leave
• Anniversary Leave
• Rice Subsidy
• Communication Allowance