CREDIT RISK MANAGER jobs in Passaic, NJ

CREDIT RISK MANAGER develops and implements policies and procedures that reduce credit risk for a financial institution. Manages the building of financial models that predict credit risk exposure to the organization. Being a CREDIT RISK MANAGER oversees the preparation of performance reports for management. May require a master's degree. Additionally, CREDIT RISK MANAGER typically reports to a head of a unit/department. The CREDIT RISK MANAGER manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a CREDIT RISK MANAGER typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)

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CREDIT & RISK SPECIALIST
  • GROUPE SEB Careers
  • Parsippany, NJ FULL_TIME
  • What we will achieve together:

    The Credit and Risk Specialist will be responsible for maintaining a healthy credit portfolio and managing financial risk effectively. This individual will manage the credit risk of our company's customers to ensure a secure and profitable credit policy, as well as management of other insured products.

     

    • Evaluate the creditworthiness of new and existing customers by analyzing financial statements, credit reports, and payment histories.
    • Define risk levels, manage them daily and anticipate risks to advise proactively prior to customers being put on hold.
    • Release systemic hold based on throughout analysis, investigation of risk, and credit guidelines.
    • Validate the opening of new client’s accounts, establish credit limits and terms for customers based on risk assessment, financial analysis and credit policy.
    • Monitor and review customer accounts to identify potential credit risks and delinquencies.
    • Develop and implement strategies to mitigate credit risks and minimize bad debt losses.
    • Collaborate with sales and finance teams to address credit-related issues and find solutions that align with business goals.
    • Conduct regular credit reviews and propose adjustments to credit terms when necessary.
    • Investigate and resolve customer disputes and payment discrepancies in a timely manner.
    • Stay up to date on industry trends, regulations, and best practices related to credit and risk management.
    • Prepare reports and presentations on credit and risk performance for management review.
    • Assist in the development of credit policies and procedures to improve overall credit management effectiveness.
    • Maintain and update all tax-exempt certificates from customers to limit exposure.
    • Analyze and assist in the resolution of litigious cases including in direct negotiation with the client.
    • Stay on watch for regulatory developments and market trends.
    • Perform analysis, reporting, and management of other insured products such as liability insurance, etc.
    • Other AD-hoc tasks as requested by Manager.

     

    Bring your competencies:

    • Bachelor's degree in finance, Accounting, Business Administration, or a related field. 
    • Minimum of 2 years of experience in finance, credit management, or a similar role, with a strong understanding of credit insurance relationships, contracts and dealing with insurance brokers. 
    • Proven experience in credit analysis, risk management, or financial analysis, preferably in a consumer goods environment.
    • Knowledge of credit assessment techniques, financial statements analysis, and risk evaluation.
    • Excellent analytical skills with the ability to interpret complex financial data.
    • Effective communication and interpersonal skills to work collaboratively with cross-functional teams.
    • Detail-oriented with a strong focus on accuracy and problem-solving.
    • Proficiency in Microsoft Excel and other financial software applications.
    • Solid understanding of US bankruptcy laws.
    • SAP experience a plus.

    You will receive a competitive salary that recognizes your expertise and contribution to the team. In addition, we offer a comprehensive benefits package that includes:

    • Medical, dental, and vision insurance
    • 401(k) retirement plan with company match
    • Paid time off and holidays
    • Flexible work arrangements
    • Continuing education opportunities
    • Employee discounts on company products/services
    • Wellness incentives
    • Casual dress code
    • Positive work culture that values work-life balance

    #LI-BA1

     

    Groupe SEB is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. For more information, please see OFCCP Equal Employment Opportunity Posters
     
    •  If you are an individual with a disability and would like to request a reasonable accommodation as part of the employment selection process, please contact HRUSA@groupeseb.com
    • Groupe SEB invites any applicant and/or employee to review the Company’s written Affirmative Action Plan.  This plan is available for inspection upon request by contacting HRUSA@groupeseb.com

     

      Additional Information
    • 7 Days Ago

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    Credit Manager
    • KYOCERA Document Solutions America, Inc.
    • Fairfield, NJ OTHER
    • Overview When you join Kyocera Document Solutions America, Inc. you are joining an organization that is deeply rooted in the Philosophy of “doing what is right as a human being”. Through this Philosop...
    • 28 Days Ago

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    Commercial Lines Account Manager
    • Foundation Risk Partners
    • Towaco, NJ FULL_TIME
    • Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firm in the US, is adding a Commercial Lines Account Manager to their team in Totowa, NJ. Job Summary: Commercia...
    • 1 Month Ago

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    Consumer Lending Manager
    • Polish & Slavic Federal Credit Union
    • Fairfield, NJ FULL_TIME
    • Polish & Slavic Federal Credit Union is committed to supporting our employees’ overall wellbeing by providing valuable benefits. The credit union proudly offers a competitive benefits package, that in...
    • 25 Days Ago

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    Garage Clothing - Store Manager - Willowbrook Mall - Wayne, NJ
    • Garage Clothing - Store Manager - Willowbrook Mall...
    • Wayne, NJ FULL_TIME
    • Seize the opportunity to join a global fashion retailer with two brands at the heart of its success, Garage and Dynamite, selected as one of Montreal's Top Employers 2020 and as one of Canada’s Top em...
    • 22 Days Ago

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    Store Manager - Garage Clothing - Willowbrook Mall - Wayne, NJ
    • Store Manager - Garage Clothing - Willowbrook Mall...
    • Wayne, NJ FULL_TIME
    • Seize the opportunity to join a global fashion retailer with two brands at the heart of its success, Garage and Dynamite, selected as one of Montreal's Top Employers 2020 and as one of Canada’s Top em...
    • 12 Days Ago

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    0 CREDIT RISK MANAGER jobs found in Passaic, NJ area

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    Credit Risk Associate
    • Coda Searchstaffing
    • New York, NY
    • A global investment firm is seeking a highly motivated and detail-oriented Credit Risk Associate to join their team. Thi...
    • 4/25/2024 12:00:00 AM

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    Audit Project Manager - Credit Risk Portfolio Reviews
    • U.S. Bank
    • New York, NY
    • At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarte...
    • 4/24/2024 12:00:00 AM

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    Enterprise Risk Manager
    • Rose International
    • New York, NY
    • Date Posted: 04/19/2024 Hiring Organization: Rose International Position Number: 462631 Job Title: Enterprise Risk Manag...
    • 4/24/2024 12:00:00 AM

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    Risk Advisor-BFS - Credit Risk Management
    • Tephra
    • Edison, NJ
    • OverviewThe Sr Director, Global Total Rewards will provide overall strategic oversight and guidance for the company's ap...
    • 4/23/2024 12:00:00 AM

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    Credit Risk Associate
    • Coda Search│Staffing
    • New York, NY
    • A global investment firm is seeking a highly motivated and detail-oriented Credit Risk Associate to join their team. Thi...
    • 4/22/2024 12:00:00 AM

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    Enterprise Risk Manager
    • Rose International
    • New York, NY
    • Date Posted: 04/19/2024 Hiring Organization: Rose International Position Number: 462631 Job Title: Enterprise Risk Manag...
    • 4/22/2024 12:00:00 AM

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    Senior Risk Manager
    • Pinnacle Group, Inc.
    • New York, NY
    • Job Title: Senior Risk Manager Location: New York, NY 10013 (Hybrid 3 days onsite) Duration: 12 Months **No C2C** Requir...
    • 4/21/2024 12:00:00 AM

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    Marketing Manager Credit & Risk Solutions
    • S&P Global, Inc.
    • New York, NY
    • About the Role: Grade Level (for internal use): 10The Team: You will join a creative and enthusiastic global Strategic M...
    • 4/21/2024 12:00:00 AM

    According to the United States Census Bureau, the city had a total area of 3.244 square miles (8.401 km2), including 3.146 square miles (8.149 km2) of land and 0.098 square miles (0.253 km2) of water (3.01%). Unincorporated communities, localities and place names located partially or completely within the city include Davis Bridge and Pleasant Plains. Passaic's only land border is with neighboring Clifton, which borders Passaic to the north, south, and west. The Passaic River forms the eastern border of Passaic. Four additional neighboring towns in Bergen County immediately across the river fr...
    Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
    Income Estimation for CREDIT RISK MANAGER jobs
    $134,850 to $198,654
    Passaic, New Jersey area prices
    were up 1.5% from a year ago

    CREDIT RISK MANAGER in Portland, OR
    In the past, managing the credit portfolio was considered good credit risk management.
    February 14, 2020
    CREDIT RISK MANAGER in Youngstown, OH
    They wanted to know that a bank has thorough knowledge of customers and their associated credit risk.
    February 09, 2020
    CREDIT RISK MANAGER in La Crosse, WI
    This position determines the risk of default to the lender, not with a simple yes or no but with an analysis that may lead to a more detailed report.
    January 02, 2020