Credit Manager Responsibilities PDF

**What does a Credit Manager do?** Credit managers oversee a company's credit-granting process. They optimize company sales and reduce bad loans by maintaining a strict credit policy. They do this by assessing potential customers' creditworthiness and conducting periodic reviews of their existing c...

**What does a Credit Manager do?** Credit managers oversee a company's credit-granting process. They optimize company sales and reduce bad loans by maintaining a strict credit policy. They do this by assessing potential customers' creditworthiness and conducting periodic reviews of their existing customers. Credit managers evaluate potential customers' creditworthiness through credit scoring models that help with risk assessment. They approve and reject loans through the available data and calculate and set loan interest rates. **Responsibilities:** - Research and evaluate clients' creditworthiness - Create credit scoring models to predict risks - Approve or reject loan requests, based on credibility and potential revenues and losses - Calculate and set interest rates - Negotiate loan terms with clients - Monitor payments - Maintain records of loan application - Follow up with clients to manage debt settlements and loan renewal - Ensure all lending procedures comply with regulations - Develop, review and update our company's credit policies