The State Credit Manager will be responsible for overseeing all credit operations and risk management activities within a designated state. This includes developing and implementing credit policies, managing a portfolio of credit accounts, assessing creditworthiness, and ensuring compliance with all relevant regulations. The successful candidate will lead a team of credit professionals, drive strategic initiatives to optimize credit performance, and mitigate financial risks across the state's operations.
- Develop, implement, and enforce credit policies and procedures in alignment with company and regulatory standards for the state.
- Manage the entire credit lifecycle for the state, from application and underwriting to collections and portfolio management.
- Lead, mentor, and manage a team of credit analysts and officers, fostering a high-performance culture and ensuring continuous professional development.
- Conduct comprehensive credit risk assessments for new and existing clients, making informed decisions on credit limits and terms within delegated authority.
- Monitor the credit portfolio's performance across the state, identifying trends, potential risks, and opportunities for improvement.
- Implement effective strategies for debt recovery and delinquency management, working closely with collections teams to minimize bad debt.
- Ensure strict adherence to all state and federal credit regulations, compliance requirements, and internal audit standards.
- Collaborate with sales, operations, and finance departments to support business growth while maintaining prudent credit risk levels.
- Prepare and present detailed credit reports, risk analyses, and performance metrics to senior management.
- Identify and implement process improvements to enhance efficiency, accuracy, and customer satisfaction within the credit department.
- Conduct regular training sessions for credit staff on best practices, policy updates, and new tools.
