DIFFERENT TITLES FOR CREDIT POSITIONS

1. Credit Manager - is responsible for evaluating and overseeing the credit-granting process for a
company, bank or other lending organization. They might use credit scores, risk projections or other
factors to determine whether a potential customer should receive a loan. Credit managers may review
individuals, businesses or current customers to determine their creditworthiness. The overall goal is to
reduce loan-related losses and increase company profit. A credit manager may also communicate with
upper-level management and oversee employees in their department. Although they may interact and
communicate with potential customers, their primary duty is to review, approve or deny loan requests.
This sets credit managers apart from loan officers, who are more likely to work with potential
customers to improve their loan requests.
2. Assistant Treasurer - are responsible for supporting the organization's treasury functions, which include cash
management, investment activities, risk management, and financial planning.
3. General Credit Manager - responsible for evaluating a company's customers' creditworthiness and
deciding who to extend credit to. They also manage customer payments and collections.
4. Branch Credit Manager - manages the credit department of a branch of a bank or financial
institution. They are responsible for credit policies, customer creditworthiness, and revenue and risk
management.
5. Loans Manager - ensure that those who want to borrow money are a safe financial risk to the
organization. In smaller firms, credit / loans managers may be responsible for cash management,
profitability, and portfolio growth as well as: Accepting applications for credit. responsible for
managing the lending process, including approving loans, setting up repayment schedules, and
ensuring the safety of borrowers. They may also be responsible for cash management and portfolio
growth.
6. Credit Man - one who investigates the financial standing of an individual or a firm to determine what
credit should be extended. a person who assesses the financial situation of a company or individual to
determine how much credit to extend. They work in the credit department of a
business. Responsibilities Implement credit policies, Balance sales and losses, Report to executives,
Determine good credit risks, and Protect the company from bad risks.
7. Credit Correspondent - a financial institution that acts as an intermediary between banks in different
countries. Correspondent banks provide services to domestic banks to conduct international transactions.
8. Chief Bookkeeper - a senior-level professional who manages a business's financial records and
transactions. They may also be responsible for preparing financial reports and assisting with tax
preparation. Record and maintain financial transactions, such as purchases, sales, and expenses.
Prepare and file financial documents, such as invoices and payments.
9. Credit and Adjustment Clerk - handles customer concerns, updates customer records, and prepares
adjustments to invoices and refunds. They work to ensure customer satisfaction. Investigate customer
complaints about billing, services, or merchandise. Update customer records, including delivery
receipts, sales returns, and adjustments. Request and prepare credit memos and other adjustments.
Encode sales returns and credit memos into a system. Prepare and send billing statements to
customers. Maintain files and documents
Functions of Credit Manager - setting credit policies, evaluating customer creditworthiness, managing credit
limits, monitoring account receivables, and taking collection actions to minimize bad debt, ultimately
ensuring the company's financial stability by mitigating credit risk; their key responsibilities include
formulating credit policies, administering credit operations, and reporting directly to senior management
like the CEO or CFO.
 I. Reports directly to the Chief Executive or Chief Corporate Officer - This signifies the high-level
importance of the credit manager's role, as they directly influence critical financial decisions and
need to communicate with top executives regarding credit-related issues.
2. Responsible for formulation of credit policies - This involves creating guidelines and standards for
extending credit to customers, including factors like credit limits, acceptable credit scores, and
payment terms.
3. Administration of credit operations - This includes the day-to-day management of the credit
function, such as assessing customer creditworthiness, approving credit applications, monitoring
account receivables, initiating collection actions on overdue payments, and managing the credit
team.
ESSENTIAL TRAITS AND CHARACTERISTICS
Poise - the ability to maintain a calm, confident, and balanced demeanor in various situations, often
reflecting in one's body language and mannerisms, even under pressure; it signifies a combination of
inner confidence and outward elegance in how one carries themselves.
2. Good Articulations - means that speech sounds are produced clearly and correctly, making it easier for
listeners to understand. In summary, pronunciation focuses on how words are spoken, while articulation is
about the clarity and correctness of the physical sounds produced.
3. An aggressive attitude capable of maintaining persistent and continuous follow up of the credit and
collection problems. - means a strong, proactive approach to consistently pursuing overdue
payments and resolving credit issues with customers, not letting up until the debt is collected; it
indicates a determined and assertive attitude in managing credit and collection activities.
4. Analytical mind - he traits and abilities that allow you to observe, research and interpret a subject
to develop complex ideas and solutions. the ability to think critically and systematically, breaking
down complex information into smaller parts to understand it thoroughly, identify patterns, and
make informed decisions based on evidence and logic, often involving data analysis and careful
evaluation of details.
5. Academic experience and/or indicated interest should be in the subject areas related to credit. - to
represent knowledge, skills, and attitudes.
6. Personal ambition - refers to a strong, individual desire to achieve significant goals and aspirations,
often characterized by a drive to continuously improve oneself and reach new heights in various
aspects of life, whether professionally, personally, or creatively; it essentially describes the internal
motivation to strive for success and overcome challenges to reach one's full potential.