Credit Risk Officer jobs in Passaic, NJ

Credit Risk Officer provides analysis and evaluation in order to reduce credit risk for a financial institution. Extracts data from a variety of sources and uses data to build simple to moderately complex financial models that predict risk exposure. Being a Credit Risk Officer prepares performance reports for management. Requires a bachelor's degree. Additionally, Credit Risk Officer typically reports to a supervisor or manager. The Credit Risk Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Credit Risk Officer typically requires 0-2 years of related experience. (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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    Flex Security Officer
    • Brosnan Risk Consultants
    • Hills, NJ OTHER
    • Company Overview/Benefits Unarmed Flex Security Officer Hiring Immediately Weekly Pay $ 18.00 Medical, Dental, and Vision plans 401K with company match up to 4% Location: 1200 Morris tpke Short Hills,...
    • 17 Days Ago

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    Credit Analyst
    • AMERICAN FINANCIAL RESOURCES LLC
    • Parsippany, NJ OTHER
    • Job Details Job Location: Undisclosed Salary Range: Undisclosed American Financial Resources, Inc. (AFR), the corporate entity for AFR Wholesale (www.afrcorp.com) and eLEND (www.eLEND.com), is a natio...
    • 17 Days Ago

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    Credit Analyst
    • American Financial Resources Llc
    • Parsippany, NJ FULL_TIME
    • American Financial Resources, Inc. (AFR), the corporate entity for AFR Wholesale (www.afrcorp.com) and eLEND (www.eLEND.com), is a national residential mortgage lender dedicated to helping homeowners,...
    • 19 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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    Broker/Producer for Wholesale Insurance
    • Novatae Risk Group
    • Paterson, NJ FULL_TIME
    • Novatae Risk Group is a national wholesale/brokerage for hard to place commercial insurance coverages. We are seeking experienced commercial E&S Producer/Brokers for your area location. We are searchi...
    • 8 Days Ago

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    0 Credit Risk Officer jobs found in Passaic, NJ area

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    Credit Risk Officer - VP level - Prime Brokerage
    • Emergent365 Inc
    • New York, NY
    • Credit Risk Officer Prime Brokerage Investment Bank Midtown, hybrid 2 days / week onsite 150-185K base + bonus Job Summa...
    • 4/25/2024 12:00:00 AM

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    Latin America Credit Risk Officer - Vice President
    • Deutsche Bank
    • New York, NY
    • Job Description: Job Title Latin America Credit Risk Officer Corporate Title Vice President Location New York, NY Overvi...
    • 4/25/2024 12:00:00 AM

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    SVP, Corporate Credit Underwriter - Agribusiness
    • Korn Ferry
    • New York, NY
    • Job Title Senior Vice President, Agribusiness-focus Corporate Credit Underwriter. Location New York, NY Overview: Our cl...
    • 4/25/2024 12:00:00 AM

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    Vice President, CLO Structured Credit Officer
    • Network ESC A Division of Network Temps, Inc.
    • New York, NY
    • IMMEDIATE FULL-TIME DIRECT HIRE OPPORTUNITYVice President, CLO Structured Credit OfficerTop International Trust and Inve...
    • 4/25/2024 12:00:00 AM

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    Credit Risk Officer - VP level - Prime Brokerage
    • Emergent365 Inc
    • New York, NY
    • Credit Risk Officer – Prime Brokerage Investment Bank Midtown, hybrid 2 days / week onsite 150-185K base + bonus Job Sum...
    • 4/23/2024 12:00:00 AM

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    Latin America Credit Risk Officer - Vice President
    • Deutsche Bank
    • New York, NY
    • Job Description: Job Title Latin America Credit Risk Officer Corporate Title Vice President Location New York, NY Overvi...
    • 4/22/2024 12:00:00 AM

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    SVP, Corporate Credit Underwriter - Agribusiness
    • Korn Ferry
    • New York, NY
    • Job Title: Senior Vice President, Agribusiness-focus Corporate Credit Underwriter. Location: New York, NY Overview: Our ...
    • 4/22/2024 12:00:00 AM

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    Controllers - Financial Accounting, Legal Entity, Associate - Jersey City
    • Goldman Sachs
    • Jersey City, NJ
    • The mission of Controllers is to ensure that the firm meets the financial control and reporting obligations of a global,...
    • 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 Officer jobs
    $73,517 to $99,786
    Passaic, New Jersey area prices
    were up 1.5% from a year ago

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    Six years ago, it named Stephanie Jones as its chief risk officer.
    December 24, 2019
    Credit Risk Officer in Bellingham, WA
    Monitoring and analysing risk exposure on a daily basis.
    December 12, 2019
    Credit Risk Officer in Cedar Falls, IA
    Peter Valdez has joined Community First Guam Federal Credit Union as vice president and chief credit risk officer.
    February 17, 2020