Credit manager

Also searched as: Director del departamento de créditos en entidad bancaria

Code 3312.3

What does a Credit manager do?

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.

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Essential skills

Knowledge

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

Skills and competences

  • Elaborar un informe financiero
  • analyse financial performance of a company
  • apply credit risk policy
  • enforce financial policies
  • liaise with managers
  • trace financial transactions
  • manage financial risk
  • obtain financial information
  • plan health and safety procedures
  • create a financial plan
  • create credit policy

Transversal competences

  • analyse the credit history of potential customers
  • analyse financial risk
  • advise on financial matters
  • determine loan conditions
  • handle financial transactions
  • manage staff
  • maintain records of financial transactions
  • strive for company growth
  • follow company standards
  • synthesise financial information

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What to assess for this role

Technical knowledge can be verified with tests and references. What never shows up on a CV are the transversal competences, and they explain most failed hires. Before closing, it pays to measure them with a standardised battery.

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Sources

This service uses the ESCO classification of the European Commission and the Mapha Taxonomy developed by OTIC SOFOFA (CC BY 4.0), in an adapted version. Group codes come from the ILO's ISCO-08. See sources and licences