Credit Risk Specialist
About the Role
As a Credit Risk Specialist, you will be responsible for implementing global credit policies in your region, customizing them to meet local requirements, and ensuring they adhere to our stringent governance standards. Your duties will involve daily credit management activities such as evaluating credit risk, managing credit limits, and preparing manual credit assessment reports.
Key Responsibilities:
* Supervise customer credit limits daily to manage risk
* Analyze customer financial documents, credit histories, company profiles, and industry trends to determine creditworthiness
* Counsel senior management on making customer credit limit changes and decisions
* Assign credit limits and recommend payment terms based on risk profiles
* Collaborate with sales, finance, and project teams to understand and mitigate operational and financial risks
* Quantify credit exposure and propose risk mitigation strategies like guarantees or insurance
* Implement credit limit adjustments and release blocked orders as directed by management
* Implement global credit management policies independently or with mentorship from senior management
* Monitor external credit rating changes or negative credit events for existing customers and communicate timely updates to relevant departments
* Monitor the financial well-being of credit customers in a proactive manner and recognize early indicators of potential risk
* Compile manual credit assessment reports for customers in cases where external reports are not accessible
Requirements:
* Bachelor's degree or equivalent experience in Finance, Accounting, Economics, Business Administration, or a related field
* Ongoing studies for CFA or other certifications (FRM) are advantageous but not required
* 3-6 years of experience in credit assessment, financial evaluation, or internships within finance-related positions
* Familiarity with credit risk, financial analysis, or corporate finance concepts is preferred
* Strong understanding of financial statements (profit and loss, balance sheet, cash flow statements)
* Meticulous attention to detail when reviewing documents or reports
* Familiarity with Excel for financial analysis (simple formulas, pivot tables)
* Experience with SAP or other ERP systems is beneficial; openness to acquiring new skills is crucial
* Proficiency in Microsoft Office (Excel, Word, PowerPoint)
* Ability to analyze numerical and qualitative data to draw logical conclusions under supervision
* Proficiency in English is mandatory, and additional regional languages (German, Spanish) are a plus, depending on the geographic focus