Assistant Credit Manager
Posted on :
07-02-2025
Employer Active
1 Vacancy
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Job Description
- Assist in reviewing and assessing credit applications for guests corporate clients or group bookings evaluating their creditworthiness by checking financial records credit reports and payment histories.
- Help determine appropriate credit limits for clients based on their financial standing history with the hotel and industry standards. Ensure that credit terms are adhered to by both clients and the hotel.
- Regularly monitor the credit status of clients and corporate accounts identifying any signs of financial difficulty or risk of nonpayment.
- Ensure that invoices for all goods services and accommodations are issued accurately and promptly to clients corporate clients and guests.
- Support the enforcement of the hotels credit policies and ensure that the front office sales and other departments apply credit terms consistently.
- Assist in the periodic review and revision of the hotels credit policies to ensure they are aligned with industry standards and the hotels objectives.
- Ensure that credit management practices comply with legal and regulatory requirements including tax laws and accounting standards.
- Prepare and present regular reports on accounts receivable overdue accounts credit limits and financial trends to senior management.
Qualifications :
- Knowledge of how to assess the creditworthiness of potential clients and guests including interpreting financial documents credit reports and payment histories.
- Indepth understanding of the hotels credit policies and how to apply them in daily operations ensuring that credit is extended only to qualified clients within set limits.
- Familiarity with formal and informal debt collection methods understanding when to escalate overdue accounts to legal or collection agencies.
- Knowledge of how timely collections impact the hotels overall cash flow and financial stability ensuring that payment cycles are kept on track.
- Awareness of legal and regulatory standards related to credit management such as tax laws accounting regulations and consumer protection laws.
- Knowledge of internal control procedures to prevent errors or fraud in the credit and accounts receivable processes.
- Ability to use financial monitoring tools or cash flow management systems to track the hotels credit transactions and predict financial outcomes.
- Knowledge of how to resolve billing or credit disputes diplomatically and effectively to maintain positive guest relationships.
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
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