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Best credit administrator certifications
Credit administrator certifications allow job seekers to demonstrate their competency as an credit administrator to employers. However, not all credit administrator certifications provide the same value for job seekers.
The best certifications for a credit administrator are International Accredited Business Accountant (IABA), Certified Management Accountant (CMA), and Professional Credit Specialist (PCS).
Below is a list of the best credit administrator certifications. Obtaining an credit administrator certification will give you a leg up when you apply for jobs and increase your potential salary.
3 best certifications for credit administrators
| Rank | Credit administrator certification | Organization |
|---|---|---|
| 1 | International Accredited Business Accountant (IABA) | ACAT |
| 2 | Certified Management Accountant (CMA) | IMA |
| 3 | Professional Credit Specialist (PCS) | CPI |
3 best credit administrator certifications
1. International Accredited Business Accountant (IABA)
ACAT seeks to ensure that all accredited individuals possess both the theoretical knowledge and the practical knowledge necessary to be successful practitioners. For that reason, candidates for accreditation must satisfy an experience requirement before becoming fully credentialed: three years of related work experience, up to two of which may be satisfied through college credit. Related work experience includes verifiable experience in accounting, financial services, or other field requiring a practical and theoretical knowledge of the subject matter covered on the ACAT Comprehensive Examination for the International Accredited Business Accountant. Those who pass the exam but who have not met the experience requirement may market themselves as having passed the ACAT Comprehensive Examination for International Accredited Business Accountant, but are not entitled to use the IABA designation.
- More than two years of education or training after high school required? No
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? No
2. Certified Management Accountant (CMA)
The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 1 year(s)
3. Professional Credit Specialist (PCS)
Certification enables you to make your clients, customers, colleagues,employers and others with whom you do business aware of the knowledge and skill you have invested in your career in the credit industry.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required? Every 5 year(s)
What is the best certification for a credit administrator?
The best credit administrator certification is International Accredited Business Accountant (IABA). The International Accredited Business Accountant (IABA) is awarded by the Accreditation Council for Accountancy and Taxation.
Here's a bit more background on how to obtain this credit administrator certification:
- To become a certified International Accredited Business Accountant (IABA), you need to pass the exam.
- This certificate requires more than two years of work experience.
- No renewal for certification, if you earn it once it is valid all time.
What certifications can impact a credit administrator career and salary?
The Professional Credit Specialist certification will help you to secure a credit manager position, which will increase your pay and career trajectory. A credit manager's average salary is $91,041 whereas credit administrators make an average salary of $59,271.
The most common combination of credit administrator certifications include: International Accredited Business Accountant (IABA), Certified Management Accountant (CMA), and Professional Credit Specialist (PCS).
Online courses for credit administrators to earn certifications
1. GST - Using input tax credit
GST, if applicable, can be paid in cash or through the utilization of input tax credit, also commonly known as ITC. In this course, you will learn about the concept of the input tax credit, conditions , and restrictions on availing and utilizing ITC, legal requirements and procedures for reconciliation of ITC , and the concept of distribution of ITC. Input tax credits, along with valuations, play an important role in the pricing of goods and services. This course provides a platform for...
2. Intro to Commercial Credit Analysis, Credit Risk and Lending
Commercial Credit Underwriting Lending & Commercial Credit Financial Analysis Credit Risk Foundations...
3. Credit Repair: The Total Guide to a Great Credit Score
Credit Repair: A step-by-step plan to begin improving your credit within one hour of starting! Over 7,000 students!...
4. Banking Credit Analysis Process (for Bankers)
Course for Bankers, Consultants and managers to Understand Credit Analysis Process from Indian Context...
5. The Credit Analyst Training course
Learn the complete Credit Risk Analysis skills for jobs in Banks, Asset Management & Credit Rating Agencies...
6. Option Spreads and Credit Spreads Bundle
This 2-course bundle on Option spreads and Credit Spreads surgery is the bedrock of stable Monthly Strategies...
7. Financial Accounting-Debits & Credits-Accounting Transaction
Masterclass: Learn Accounting Principles, Financial Statements, Transactions & More in this Comprehensive Course...
8. #1 Kick A#S Credit Repair Course - Fully Loaded 150+ Letters
Step By Step Course With 150+ Dispute Letter Templates, Dispute Flowchart,Diy Credit Repair Workbook, Ebooks And More!...
9. Step-by-Step Guide to Getting the Business Credit You Need
The most comprehensive, step-by-step course to set up any business with credit...
10. Credit Risk Modeling in Python
A complete data science case study: preprocessing, modeling, model validation and maintenance in Python...
11. Credit Card Security Basics
This brief course is designed to meet the PCI DSS requirements of frontline staff who handle payment cards...
12. Travel Hacking and Credit Card Reward Basics!
Credit cards offer HUGE sign up bonuses!...
13. Financial Accounting: The Complete Introductory Crash Course
Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...
14. Get Credit for Your EIN That's Not Linked to Your SSN
How to Get Credit for Your Business Regardless of Cash Flow, Consumer Credit Quality, or Collateral...
15. International Trade Finance - Letter of Credit & UCP 600
Letter of Credit UCP 600 Articles Introductory Guide to CDCS Exam...
16. Principles of Financial Accounting
Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement...
17. Real-time Credit card Fraud Detection using Spark 2.2
Real time Credit card Fraud detection using Spark Streaming, Spark ML, Kafka, Cassandra and Airflow...
18. Financial Accounting & Excel-Comprehensive Accounting Course
Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals...
19. Accounting Made Easy: A Quick Guide to Financial Accounting
Accounting is not about Math, it is about concepts. And no one said it has to be hard. Learn the basics in just 2 hours!...
20. Financial Accounting: A Comprehensive Guide with E-book
Unlock Financial Accounting Mastery: Comprehensive Course for Students, Professionals, and Business Owners...