Credit Manager Duties & Responsibilities

The role and function of a Credit Manager includes the following duties and responsibilities:

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

Note that this is not an exhaustive list of Credit Manager duties and responsibilities. Job functions for specific Credit Manager roles may vary, depending on the industry and type of employer.

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