Credit Manager

Responsibilities

Credit Assessment and Risk Management:

· Evaluate the creditworthiness of potential clients, including corporate clients, travel agents, and groups.

· Review and approve credit applications, ensuring they meet the hotel’s credit policy.

· Analyze customer financial history and determine appropriate credit limits for each account.

· Regularly monitor and assess accounts to identify and mitigate potential credit risks.

Accounts Receivable Management:

· Oversee the management of accounts receivable, ensuring that all invoices are sent promptly and payments are collected on time.

· Follow up on outstanding accounts and overdue payments to ensure timely resolution.

· Manage aging reports and work proactively to reduce overdue accounts and minimize bad debt.

· Ensure that all payments are posted correctly and accurately in the hotel’s financial systems.

Credit Policy Enforcement: