Purpose & Overall Relevance for the Organization

 

Credit Managements main purpose is to manage and monitor the credit risk of the company towards its customers with the final aim to reduce the risk of A/R write-offs to a minimum.  As such CM has to continuously monitor the credit limits for the current customers, is performing credit investigations for new customers and determines a credit rating. In addition, CM is as well responsible for the collection of overdue invoices. This includes the co-operation with lawyers, collection agencies and insolvency administrators. Finally, CM provides regular reporting on the development of bad debts, open items and DSO at customer level to senior management.

 

Key Responsibilities

 

 

 

 

 

 

Authorities

 

 

Key Relationships

 

The main stakeholders/customers to be dealt with

 

 

Knowledge, Skills and Abilities

 

 

Requisite Education and Experience / Minimum Qualifications