Credit Manager
Quick Facts
Median Salary$104,160
Most Common EducationBachelor's degree
Projected 10-Year Growth-9.93%
Assessment MatchTake the Assessment
What They Do
A Credit Manager works within an organization to manage the credit department and make decisions concerning credit limits, acceptable levels of risk and terms of payment to their customers.
Core Tasks:
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Consult with customers to resolve complaints and verify financial and credit transactions.
What to expect as a Credit Manager
1Earn a Bachelor's degree
61% of people achieve this level of education.
2Gain skills and experience
See Credit Manager related courses on Tallo
3Land a job
961 openings for Credit Managers
Career Progression
in United States (Nation)
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