What is a credit department manager and how to become one

Key steps to become a credit department manager

1. Explore credit department manager education requirements

   Most common credit department manager degrees

   Bachelor's

   57.1 %

   Master's

   14.6 %

   Associate

   14.2 %

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2. Start to develop specific credit department manager skills

   Skills	Percentages
   Customer Service	18.65%
   Financial Statement Analysis	15.80%
   Loan Portfolio	12.74%
   Credit Analysts	10.15%
   Credit Analysis	5.89%

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3. Complete relevant credit department manager training and internships

   Accountants spend an average of 1-3 months on post-employment, on-the-job training. New credit department managers 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 department manager based on U.S. Bureau of Labor Statistics data and data from real credit department manager resumes.

4. Research credit department manager duties and responsibilities

   • Assist with annual budget preparation and manage operating and payroll expenses to remain within budgetary guidelines.
   • Assist with annual budget preparation and manage operating and payroll expenses to remain within budgetary guidelines.
   • Review all funding packages for real estate and UCC collateral.
   • Develop and implement credit and collection polices and controls for Sarbanes-Oxley compliance for the entire corporation and publish across all divisions.

5. Apply for credit department manager jobs

   Now it's time to start searching for a credit department manager job. Consider the tips below for a successful job search:

   1. Browse job boards for relevant postings
   2. Consult your professional network
   3. Reach out to companies you're interested in working for directly
   4. Watch out for job scams