§ OCCUPATION · GLOBAL STANDARDS

credit manager

Credit managers oversee the application of credit policy in the bank.

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.

Theoretical Knowledge

ESSENTIALTheoretical knowledge required

credit control processes insolvency law financial statements financial management debt collection techniques financial analysis corporate social responsibility debt systems

OPTIONALAdjacent knowledge that strengthens fit

mortgage loans tax legislation property law contract law investment analysis banking activities business loans securities

Practical Skills

ESSENTIALApplied skills & competences

apply credit risk policy follow company standards enforce financial policies analyse financial risk handle financial transactions determine loan conditions obtain financial information trace financial transactions manage staff strive for company growth advise on financial matters analyse the credit history of potential customers create a financial plan synthesise financial information create credit policy liaise with managers analyse financial performance of a company maintain records of financial transactions manage financial risk

OPTIONALOptional competences

prepare credit reports maintain client debt records plan health and safety procedures budget for financial needs analyse market financial trends perform debt investigation communicate with banking professionals examine credit ratings advise on credit rating ensure proper document management consult credit score analyse loans perform clerical duties assess financial viability

Data Source: Unified Global Standards (ISCED, ISCO, O*NET, ESCO)