Establish and periodically review credit limits for customers based on their financial health. Ensure credit limits align with the coverage provided by the credit insurance policy.
Administer the credit insurance policy, ensuring compliance with insurer requirements (e.g., reporting customer data, obtaining credit limit approvals). File claims for customer defaults and liaise with the insurer to recover losses.
Provide management with detailed reports on accounts receivable, credit risk exposure, cash inflow and insurance claim status.
Develop and maintain credit policies that integrate the credit insurance policy and support the companys financial goals
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