As credit managers, we help with the credit giving process of the organization. Our job requires us to be efficient enough to enhance company sales. As credit managers, we reduce bad debts by maintaining the credit policy. We accomplish these goals by seeking reviews of existing customers and evaluating the solvency of potential customers. We negotiate with the new clients on the terms of the loan. Our job requires us to add value to the company by optimizing the sales to debt ratio and other such ratios.
- overseeing the lending process of the company
- approving and rejecting the loans, and calculating the interest rates
- updating the company’s credit policy