Use this Credit Manager job description template to attract qualified candidates who can effectively manage credit assessments, minimize risks, and ensure a smooth credit approval process.
A Credit Manager is responsible for evaluating creditworthiness, managing loan approvals, and minimizing financial risks for a company. They ensure that customers and clients adhere to credit policies while optimizing profitability and reducing bad debts.
A Credit Manager oversees the entire credit-granting process and ensures financial security for the company. Their key responsibilities include:
- Assessing credit applications and determining risk levels.
- Developing and implementing credit policies and procedures.
- Managing accounts receivable and monitoring payment collections.
- Analyzing financial statements and customer credit history.
- Ensuring compliance with legal and regulatory standards.
Credit Manager Job Description Template
We are looking for an experienced Credit Manager to oversee our company’s lending process, assess creditworthiness, and minimize risk exposure. The ideal candidate should have a strong background in credit analysis, financial risk management, and customer relationship handling. If you have expertise in credit policies, risk assessments, and financial decision-making, we’d love to hear from you!
Roles & Responsibilities
- Assess and approve/reject credit applications based on financial risk analysis.
- Develop and enforce company credit policies and guidelines.
- Monitor accounts to ensure timely payments and manage overdue collections.
- Evaluate client credit history and financial statements to determine creditworthiness.
- Collaborate with sales and finance teams to set credit limits and payment terms.
- Ensure compliance with legal and regulatory credit standards.
- Analyze market trends and economic factors affecting credit risk.
- Manage relationships with banks, financial institutions, and auditors.
- Prepare reports on credit risk, outstanding accounts, and financial performance.
- Train and mentor credit analysts and finance team members.
Requirements & Skills
- Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
- Proven experience as a Credit Manager, Loan Officer, or Risk Manager.
- Strong knowledge of credit policies, lending procedures, and financial regulations.
- Proficiency in financial analysis, risk assessment, and credit evaluation.
- Excellent leadership, communication, and decision-making skills.
- Ability to work with CRM software, financial modeling tools, and accounting software.
- Strong problem-solving and negotiation skills.
- Attention to detail and high level of accuracy in financial reporting.
Who do Credit Managers report to?
Credit Managers typically report to:
- Chief Financial Officer (CFO)
- Finance Director
- Risk Management Head
- Senior Credit Officer
How to Assess Credit Manager Skills Effectively?
Candidates may list credit management experience on their resumes, but assessing their actual ability to evaluate credit risk, manage lending policies, and ensure financial compliance before the interview is crucial. A structured Credit Manager assessment ensures you hire professionals who can oversee credit approval processes, mitigate financial risks, and maintain strong client relationships.
Here’s how you can assess Credit Manager proficiency effectively with WeCP:
- Credit Risk Assessment & Analysis – Test candidates on their ability to evaluate financial statements, analyze creditworthiness, and determine risk exposure.
- Loan & Credit Policy Management – Evaluate their capability to develop and enforce credit policies while ensuring compliance with regulations.
- Debt Collection & Recovery Strategies – Assess their skills in managing overdue accounts, negotiating repayment terms, and minimizing bad debt.
- Financial Reporting & Compliance – Check their proficiency in preparing credit reports, ensuring adherence to financial regulations, and conducting audits.
- Customer Relationship & Decision-Making – Ensure they can balance risk management with customer satisfaction while making data-driven lending decisions.
With WeCP’s Credit Manager assessments, you can efficiently filter out underqualified candidates, streamline the hiring process, and ensure high-quality hires who can optimize credit operations, reduce financial risks, and support business growth.
Post this on job boards and career pages to find professionals who can handle credit policies, risk analysis, and financial decision-making. Feel free to customize the job duties and requirements based on your company’s needs. Similar job titles include Credit Risk Manager, Loan Manager, and Credit Analyst.
