credit manager

Description

Credit managers oversee the application of credit policy in the bank. They decide the credit limits to be imposed, the reasonable levels of risk accepted and the conditions and terms of payment made to the customers. They control the collection of payments from their customers and manage the credit department of a bank.

EssentialOptional

Theoretical Knowledge

financial management credit control processes financial statements financial analysis insolvency law debt systems debt collection techniques corporate social responsibility banking activities investment analysis securities business loans mortgage loans property law tax legislation contract law

Practical Skills

analyse financial performance of a company analyse financial risk analyse the credit history of potential customers maintain records of financial transactions determine loan conditions follow company standards manage staff obtain financial information advise on financial matters liaise with managers enforce financial policies trace financial transactions synthesise financial information strive for company growth create credit policy handle financial transactions apply credit risk policy manage financial risk create a financial plan examine credit ratings budget for financial needs ensure proper document management analyse loans maintain client debt records perform debt investigation communicate with banking professionals assess financial viability perform clerical duties plan health and safety procedures consult credit score analyse market financial trends prepare credit reports advise on credit rating