Credit Risk Assessment: Evaluate the creditworthiness of potential borrowers or customers by analyzing their financial statements, credit reports, payment history, and other relevant information. This involves assessing factors such as income, assets, liabilities, and payment behavior to determine the likelihood of repayment. Credit Policy Development: Develop and implement credit policies and procedures that outline the criteria for extending credit, setting credit limits, and managing credit risk. These policies should align with the organization's risk tolerance and regulatory requirements. Credit Decision Making: Make informed decisions on whether to approve, deny, or modify credit applications based on the credit risk assessment and adherence to credit policies. This involves weighing the potential risks and benefits associated with each credit opportunity. Credit Monitoring: Monitor the creditworthiness and repayment behavior of existing borrowers or customers on an ongoing basis. This includes tracking payment performance, identifying early warning signs of financial distress, and taking appropriate actions to mitigate credit risk. Credit Limit Management: Set and adjust credit limits for individual customers or accounts based on their creditworthiness, financial capacity, and risk profile. This helps to prevent overextension of credit and minimize potential losses. Collections Management: Oversee the collections process for overdue accounts, including contacting delinquent borrowers, negotiating payment arrangements, and escalating collection efforts when necessary. This helps to minimize losses and improve cash flow. Credit Reporting and Documentation: Maintain accurate records of credit applications, approvals, and decisions, as well as documentation related to credit agreements and security interests. Ensure compliance with regulatory requirements and internal policies regarding credit reporting and documentation. Credit Portfolio Analysis: Analyze the overall credit portfolio to identify trends, concentrations, and areas of potential risk. This involves conducting periodic reviews of credit exposures, assessing portfolio performance, and making recommendations for risk mitigation strategies. Stakeholder Communication: Communicate effectively with internal stakeholders such as sales teams, finance departments, and senior management to provide updates on credit risk, portfolio performance, and credit-related issues. Collaborate cross-functionally to address challenges and achieve business objectives. Compliance and Regulatory Oversight: Stay informed about relevant laws, regulations, and industry standards governing credit management and consumer lending practices. Ensure compliance with regulatory requirements such as fair lending laws, anti-money laundering regulations, and data protection laws.