A credit manager manages the credit for clients of an organization and creates policies and application procedures. On a typical day, a credit manager will approve and disapprove credit for potential and continuing clients by analyzing risk and initiating background checks.
Skillset: Major requirements for a credit manager include strong financial and management skills. They must be able to communicate effectively and work in a team environment. Advanced mathematics is also an important skill as they are always working with numbers and formulas.
Education: Most credit managers have degrees in finance or a related field of study. An employer may desire a credit management certification. Completion of advanced mathematics courses is highly recommended. Experience in finance, collections, and credit analysis may also prove useful.
Career Path: Credit managers are an important part of any organization that deals in finance. Strong financial, management, and communication skills are highly required. Pursue a bachelor’s degree in finance and consider a master’s degree to increase desirability. Gain experience and build up a resume by applying for internships at various financial organizations.
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