Find Credit/Loans Manager Jobs & Vacancies - Explore Career Opportunities Now’s

Are you interested in a career as a credit/loans manager? This profession requires education and offers an average salary of $50.41. If you enjoy working with numbers and finances, being well organized, and negotiating, this may be the right career path for you.

About Credit/Loans Manager Roles

Credit/loans managers are responsible for gathering and analyzing financial information related to loan applications and business conditions. They have the authority to approve or reject credit applications based on their assessment. Their main duty is to ensure that borrowers are a safe financial risk for the organization.

Responsibilities and Tasks

In smaller firms, credit/loans managers have additional responsibilities such as cash management, profitability, and portfolio growth. They handle tasks like accepting credit applications, checking credit ratings with bureaus, reviewing payment experiences with suppliers, granting or refusing credit, setting up repayment schedules, advising customers and clients, handling complaints, and collecting past-due accounts.

Supervisory Role

In larger firms, credit/loans managers may supervise a team of credit personnel. They are involved in hiring and training employees and assisting senior managers in setting credit policies, credit lines, procedures, and standards. In some organizations, different credit/loans managers are responsible for authorizing credit for higher-level accounts and collecting outstanding accounts.

Skills and Requirements

To succeed in this career, credit/loans managers need to possess integrity, persuasiveness, accuracy in dealing with figures, an aptitude for financial analysis, negotiation skills, effective communication (oral and written), problem-solving abilities, independent decision-making skills, and organizational skills.

They should also enjoy supervising and coordinating the work of others and working with people who follow clear rules and methods.

Job Codes and NOCs

If you are interested in pursuing a career as a credit/loans manager, it's helpful to know the relevant job codes. Some of the Job NOCs (National Occupational Classifications) related to this role include: Credit Managers (0122.2), Banking, Credit and Other Investment Managers (A302), Banking, credit and other investment managers (0122), Banking, credit and other investment managers (0122), and Banking, credit and other investment managers (10021).

Remember, a career as a credit/loans manager can offer stability, growth opportunities, and the chance to work with numbers and people.