Credit Manager job description

Credit Manager Duties and Responsibilities

Credit Manager job description should contain a variety of functions and roles including:

Research and evaluate clients’ creditworthiness
Create credit scoring models to predict risks
Approve or reject loan requests, based on credibility and potential revenues and losses
Maintain records of loan applications
Follow up with clients to manage debt settlements and loan renewals
Ensure all lending procedures comply with regulations
Calculate and set interest rates
Negotiate loan terms with clients
Monitor payments
Develop, review and update our company’s credit policies

Credit Manager Requirements / Skills / Qualifications

Credit Manager job description should include these common skills and qualifications:

B.Sc in Accounting, Economics, Banking and Finance or relevant field
Proven work experience as a Credit Manager, Credit Analyst or similar role
Hands-on experience with accounting software
Excellent analytical skills, with the ability to create and process financial spreadsheets (e.g. in Excel)
Negotiation skills
Solid understanding of lending procedures

As a hiring manager, recruiting an ideal Credit Manager starts with crafting a good job description. Use this Credit Manager job description template to save yourself time and help you attract the most qualified candidates. Feel free to revise it to meet your specific needs.

Job seekers interviewing for the role of a Credit Manager may also reference it in preparation for the interview.