Financial Risk Manager

3 days ago


Muscat, Muscat, Oman Shangri-La Group Full time
Job Summary

The Credit Manager is responsible for overseeing all aspects of credit control, ensuring timely collection of receivables and maintaining healthy cash flow. This role requires close collaboration with internal departments, external clients, and key stakeholders to mitigate credit risks.

The successful candidate will develop and implement credit policies and procedures, monitor customer accounts, and assess creditworthiness. They will also approve or escalate credit applications, ensure timely and accurate invoicing, and monitor aged receivables.

Main Responsibilities:
  • Develop and implement credit policies and procedures to ensure effective credit control.
  • Monitor customer accounts to assess creditworthiness and recommend credit limits.
  • Approve or escalate credit applications in line with the hotel's policies.
  • Ensure timely and accurate invoicing.
  • Monitor aged receivables and follow up on overdue accounts to minimize bad debts.
  • Liaise with the Sales and Reservations teams to resolve disputes or discrepancies.
  • Conduct regular credit risk assessments and recommend mitigation strategies.
  • Monitor market and client financial stability for early warning signs.
  • Prepare regular credit reports, including aging reports, and present them to senior management.
  • Analyze trends in collections and propose improvements.


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