Job Descriptions

Credit Manager Job Description

What is the job description of a Credit Manager? What are the duties and responsibilities of a Credit Manager? What does a Credit Manager do?

Job description of a Credit Manager

Credit Managers are responsible for assessing the creditworthiness of potential customers, conducting periodic reviews of existing customers and overseeing the credit granting process for a company. Their job is to optimize company sales and reduce bad debt losses by maintaining the credit policy.

This Credit Manager job description example includes the list of most important Credit Manager duties and responsibilities as shown below. It can be modified to fit the specific Credit Manager profile you're trying to fill as a recruiter or job seeker.

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.