How To Become A Credit Administrator: What It Is and Career Path

What is a credit administrator and how to become one

Updated January 8, 2025

4 min read

Creditor administrators are in charge of performing credit-related tasks and providing electronic solutions for credit transactions. They closely collaborate with other departments to achieve all credit objectives within a set timeframe. Additionally, they develop a credit policy for the bank to manage credit risk exposure and as well help creditors acquire loans and manage credit portfolios. Furthermore, they prepare and submit periodic reports. Asides from that, they stay updated on regulatory laws related to the credit industry. Credit administrators must be familiar with the current industry trends.

To become a credit administrator, you need a bachelor's degree in finance, accounting, economics, or a related discipline. You need good interpersonal and communication skills. You must be excellent at math and very detail-oriented. Also, you may need to pass a background check. Annually, you'd be earning an average salary of $52,165. This varies between $32,000 and $84,000.

ScoreCredit AdministratorUS Average

Salary

4.6

Avg. Salary $59,271

Avg. Salary $59,228

Stability level

6.0

Growth rate -8%

Growth rate 0.3%

Diversity

5.7

Race

American Indian and Alaska Native 0.27%

Asian 9.43%

Black or African American 8.13%

Hispanic or Latino 9.97%

Unknown 2.70%

White 69.49%

Gender

female 71.60%

male 28.40%

Age - 38

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 38

Stress level

6.0

Stress level is manageable

7.1 - high

Complexity level

8.0

Complexity level is challenging

7 - challenging

Work life balance

6.4

Work life balance is fair

6.4 - fair

Key steps to become a credit administrator

Explore credit administrator education requirements

Most common credit administrator degrees

Bachelor's

62.7 %

Associate

18.6 %

Master's

7.6 %

Start to develop specific credit administrator skills

Skills	Percentages
Financial Statements	6.36%
Credit Card Payments	5.61%
Real Estate	5.11%
Customer Service	4.96%
Loan Portfolio	4.68%

Complete relevant credit administrator training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New credit administrators learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a credit administrator based on U.S. Bureau of Labor Statistics data and data from real credit administrator resumes.

Research credit administrator duties and responsibilities

Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Utilize computer software including QuickBooks to maintain account activity and ensure accuracy; reconcile inaccuracies between invoices and accounts receivable payments.
Utilize computer software including QuickBooks to maintain account activity and ensure accuracy; reconcile inaccuracies between invoices and accounts receivable payments.

Prepare your credit administrator resume

When your background is strong enough, you can start writing your credit administrator resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a credit administrator resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable credit administrator resume templates

Build a professional credit administrator resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your credit administrator resume.