Job Description
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: