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Best credit and collection manager certifications
The best certifications for a credit and collection manager are Professional Credit Specialist (PCS), Certified Management Accountant (CMA), and Certified Manager Certification (CM).
Credit and collection manager certifications demonstrate your competency as a credit and collection manager to employers. However, not all credit and collection manager certifications provide the same value.
Below is a list of the best credit and collection manager certifications. Obtaining a credit and collection manager certification will give you a leg up when you apply for jobs and increase your potential salary.
5 best certifications for credit and collection managers
| Rank | Credit and collection manager certification | Organization |
|---|---|---|
| 1 | Professional Credit Specialist (PCS) | CPI |
| 2 | Certified Management Accountant (CMA) | IMA |
| 3 | Certified Manager Certification (CM) | ICPM |
| 4 | Certified Credit Executive (CCE) | NACM |
| 5 | Credit Business Associate (CBA) | NACM |
5 best credit and collection manager certifications
1. 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)
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. Certified Manager Certification (CM)
The Certified Manager Animal Resources (CMAR) certification program is designed to raise competency and professionalism in the field of Animal Resources Management. The CMAR designation involves a series of four examinations: three exams arranged via an organization called the Institute for Certified Professional Managers (ICPM), and the Animal Resources Exam offered by AALAS. Obtaining the CMAR designation is a sign of professionalism in the field of animal resources management.
- 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?
4. Certified Credit Executive (CCE)
The Certified Credit Executive is NACM's executive level designation which endorses its achievers as capable of managing the credit function at an executive level. Candidates must pass a rigorous, four-hour exam which tests application skills in the areas of accounting, finance, domestic and international credit concepts, management and law.
- 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?
5. Credit Business Associate (CBA)
The Credit Business Associate (CBA) is an academic-based designation which signals mastery of three business-credit related disciplines: basic financial accounting, business credit principles and introductory financial statement analysis. There is no minimum work experience requirement for this designation level and the course work needed to qualify for this designation can be obtained through colleges, local NACM Affiliated Association programs, self-study or nationally sponsored programs.
- 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?
What is the best certification for a credit and collection manager?
The best credit and collection manager certification is Professional Credit Specialist (PCS). The Professional Credit Specialist (PCS) is awarded by the Credit Professionals International. This certification corresponds to a specialty within a recognized occupation.
Here's a bit more background on how to obtain this credit and collection manager certification:
- To become a certified Professional Credit Specialist (PCS), you need to pass the exam.
- Lucky you - certification doesn't require more than two years of work experience.
- Renew certification every 5 year.
The most common combination of credit and collection manager certifications include: Professional Credit Specialist (PCS), Certified Management Accountant (CMA), and Certified Manager Certification (CM).
Online courses for credit and collection managers 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. The Credit Analyst Training course
Learn the complete Credit Risk Analysis skills for jobs in Banks, Asset Management & Credit Rating Agencies...
5. Banking Credit Analysis Process (for Bankers)
Course for Bankers, Consultants and managers to Understand Credit Analysis Process from Indian Context...
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. Credit Risk Modeling in Python
A complete data science case study: preprocessing, modeling, model validation and maintenance in Python...
10. 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...
11. Travel Hacking and Credit Card Reward Basics!
Credit cards offer HUGE sign up bonuses!...
12. Financial Accounting: The Complete Introductory Crash Course
Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...
13. Credit Card Security Basics
This brief course is designed to meet the PCI DSS requirements of frontline staff who handle payment cards...
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. Java Collections from basics to Advanced
Data Structure using Java Collection Framework - Including Concurrent Collections, Streams, Generics, Parallel Streams...
16. Accounting101: Learn Accounts Receivable From A to Z
Learn The Accounts Receivable Cycle, Basics of Accounts Receivable, Accelerating Collections and Much More...
17. International Trade Finance - Letter of Credit & UCP 600
Letter of Credit UCP 600 Articles Introductory Guide to CDCS Exam...
18. Accounting Made Easy: A Quick Guide to Financial Accounting
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19. Financial Accounting & Excel-Comprehensive Accounting Course
Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals...
20. Principles of Financial Accounting
Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement...