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Credit manager

Credit managers control the amount of finance offered by their company and manage the debts owed to it.

Potential salary
£27,000 to £50,000
Working hours
37 to 39 a week
  • to be thorough and pay attention to detail
  • ambition and a desire to succeed
  • persistence and determination
  • leadership skills
  • maths knowledge
  • to be flexible and open to change
  • business management skills
  • excellent verbal communication skills
  • the ability to monitor your own performance and that of your colleagues
  • to be able to use a computer and the main software packages competently

Your day-to-day tasks may include:

  • checking customer credit ratings with banks and credit reference agencies
  • deciding whether to offer credit
  • setting up terms of credit and making sure the customer pays on time
  • managing a team of credit controllers or accounting technicians
  • negotiating repayment plans
  • stopping supplies of goods to late-paying business customers
  • starting legal action to recover debts if necessary
  • liaising with other creditors, arranging for goods to be recovered by bailiffs or dealing with liquidators if a company's assets are to be sold off

You could work at a client's home, in an office or at a client's business.

With experience, you could progress into senior management or move to a larger company.

Alternatively, you could move into insolvency work with an accountancy firm or become a self-employed consultant, advising businesses on credit systems.

You can find out more about working and training in credit control from the Chartered Institute of Credit Management.

Data from National Careers Service.
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26th October 2020