Credit Manager Jobs
Credit Manager Jobs Overview
Credit managers, sometimes referred to as financial clerks, are responsible for the administrative aspects of financial transactions in a variety of settings including banking, health care and government agencies. They may work closely with customers at financial institutions, but their chief duties are comprised of using computer software to process credit requests, authorize lines of credit and keep records for financial and legal reasons.
Credit Manager Education
After obtaining a high school diploma, training at a vocational school or an associate degree may help applicants gain a foothold in securing a position as a credit manager. Employers in finance and banking may prefer candidates who have a bachelor's degree or higher in finance, administration or business. Most credit managers will receive on-the-job training for up to two years, and some may need to be licensed by the state in order to provide specific services to clients.
Credit Manager Job Market
Employment opportunities for credit managers are expected to increase by 11 percent between 2012 and 2022, which is about as fast as the national average for all occupations. Employment growth will be the fastest in medical fields as the consumer demand for health care services increases. Changes in insurance programs may also lead to more available positions at insurance companies as well as hospitals and government agencies related to health care.
Positions in finance and banking may not experience growth as quickly as those in the medical field due to more institutions using automated account services. Credit managers who deal in real estate-related transactions may also experience an increase in job growth from previous years, but this will follow trends in the overall real estate market, which varies by locale.
Credit Manager Salary
The national median salary for a credit manager is $35,000. Depending on the size of the financial institution, a credit manager may make upwards of $50,000 per year.
Job Title: Assistant Credit Manager Location: Somerville, MA Department: Credit Department Reports to: Credit Manager Job Type: Exempt Shift: Day Shift Education: Bachelor's Degree Travel: None Job Objective: Assist Credit Department Managers with managing customer account status Description Responsibilities: Monitor payment activity for all customer accounts; Communicate with complianc...
Manages the Commercial Credit Underwriting process to ensure compliance to policies and guidelines. This is a senior level position that is responsible for supervision, quality control, coaching, developing, training and mentoring senior and junior level credit analysts and acts as an advisor to the Chief Credit Officer and Senior Vice President, C&I Team. 1. Head of the Commercial Loan Underwrit...
Responsible for managing and administering the franchise lending facility as well as the collections for all franchisees. Key Responsibilities: Collect initial loan documentation for each new franchisee Collection, management and reporting of monthly required documentation and loan covenants Approve orders based on credit availability, covenants and overall financial situation of franchisee O...
Monarch Electric is looking for a Credit Manager Trainee to work in our Willow Grove Office. This position will be responsible for our NJ, PA, DE, and NY customer accounts. Some travel to throughout the Region will be required. The Credit Manager Trainee will be trained on the following: Credit and A/R Management Evaluating new credit applications Administering lines of credit Working with cu...
TD is a great organization powered by great people who want to make a difference every day. Our over 85,000 employees world-wide are a big part of what makes TD stand out from any other organization. Every day, we deliver legendary customer and client experiences to our approximately 19 million customers. We’re an award-winning organization that reinvests constantly to ensure future growth. We’re...
Job Description: Credit/Financial Management: The credit team serves our profit centers and customers by managing the credit extension and collection process. The primary role of the credit manager is to protect the assets of the company while maximizing sales. The credit manager will be adept at risk analysis and make financial decisions in the best interest of the company. The candidate will h...
PURPOSE Support Commercial Loan functions in order to maintain an asset based loan portfolio specializing in commercial and consumer accounts receivable. RESPONSIBILITIES Performance and oversight of the commercial credit process, which includes a critical examination of consumer loan and commercial accounts receivable, financial statements, reports, management, and the customer’s operating pra...
About TD Bank, America's Most Convenient Bank® TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD...
Area Credit Manager Reports to: Region Credit Manager Objective To direct all credit and collection activities of the designated credit area within the credit organization. Credit Manager performs responsibilities in accordance with established policies and procedures. The policies and procedures must be perfomed in a manner that will result in maximum sales, sound receivables and their prompt ...
Brunswick is the market leader in the marine, fitness, bowling and billiards industries; and our participation in these industries is deliberate. No company has Brunswickâ€™s breadth and scope in the marine industry. No company equals Brunswickâ€™s quality and innovation in fitness equipment. And no company possesses Brunswickâ€™s knowledge and heritage in bowling and billiards. Position Descript...
Letters of Credit Manager Our client, a Midtown European Investment Bank, is currently seeing an experienced LC Manager to lead their team. Ideal person has 3-8 years of LC / Trade Finance exposure with the ability to excel in a fast paced environment. Idceal candidate has worked for a small international bank. Responsibilities: Issuance of standby Letters of Credit and related amendments inclu...
Company Confidential Irving, TX
OUTSTANDING opportunity to get on board with a growing distribution company located in Irving, TX. To be considered: Must have a college degree Must have 5+ years of Commercial Credit and Collections experience Bonds/Liens experience is needed 3+ years in a Supervisory or Management role Research and account reconciliation experience SAP experience --- BIG PLUS Experience interfacing with ...
Our client is currently seeking an experienced Assistant Credit Manager to join their dynamic Finance team. He/She will be responsible for assisting with monitoring the financial activity of the company through the accurate assessment of customer payment risks and credit eligibility. The Assistant Credit Manager will ensure the reliability of customer payments through the setting of credit limits ...
SelectOne Search is the Right Choice for your career search This is the perfect opportunity to join a growing organization as the Credit Manager. The primary purpose of this position is to work with internal and external originators to analyze business loans. This Credit Manager will process and decide the viability of new credit loan applications, analyze non-financial and financial information ...
CREDIT MANAGER JOB SUMMARY: Accountable for the entire credit granting process, including the consistent application of credit policies & procedures, periodic credit reviews of existing customers, and the assessment of the creditworthiness of potential customers, with the goal of optimizing the mix of company revenues and bad debt losses. Relies on experience and judgment to plan and accomplish ...
Our client, a very successful and growing industrial equipment and supplies company in the RTP area, is actively recruiting for a very sharp, capable and versatile accounting professional to join its team. This is a privately-held business that, despite challenging economic conditions, has continued to thrive Position will report to the VP of Finance and involve a broad range of duties including:...
Company Confidential New York City, NY, 10018
CREDIT MANAGER - NYC Apparel Importer NYC apparel importer in search of a credit manager. Individual must be a seasoned pro with minimum 5 years experience in the apparel industry. Requirements as follows: Must be familiar with all major retail sites including payment tracking, chargeback tracking and compliance Make recommendations for better adherence to vendor compliance Establish and mon...
BRENNTAG, a global leader in chemical distribution, has an immediate opening for an Assistant Corporate Credit Manager at our North American Headquarters in Reading, PA.This position reports to the Corporate Credit Manager. Responsibilities Responsibilities relating to nine (9) Operating Companies within the US & Canada: Reviewing and making a recommendation for approval or denial of credit lim...
Position National Account Credit Manager Country - State/Province United States –Texas City/Town The Woodlands Business Category Construction Company Blue Line Rental Construction Equipment Employment/Assignment Type Full Time About us BlueLine Rental, is one of the largest construction equipment rental companies in North America. The BlueLine Rental Team is growing and expanding in t...
Schedule Details/Location This position is located in Providence, RI Job Duties Responsible for managing staff and providing oversight of Credit Policy and regulatory compliance and controls for a designated region. Manages verification and approval process of all approval memorandums, serving as single point approver of low risk SAMs and SAM agent for presentation to committee. Continuously mo...
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Finance Career Tools
$35,360.00 - $126,000.00
Typical Salary for Credit Manager
Source: Monster.com Careerbenchmarking Tool
Education / Training
Some College Coursework Completed
Source: Monster.com Careerbenchmarking Tool
Protects organization's assets by investigating financial status of customers and potential customers; approving credit; supervising employees.
Rate of Growth
Size of Industry in 2006:
Source: Bureau of Labor Statistics, May 2006
Financial Planning and Strategy
Contributes to team effort by accomplishing related results as needed.
Maintains credit guidelines by writing and updating credit policies and procedures.
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