Credit Manager - Career Guide

Credit managers are involved in every step of the customer credit process. 

Their tasks include:

• Assessing customer creditworthiness using financial data, references, and payment history.
• Defining guarantees and payment terms.
• Developing and implementing credit management and collection policies.
• Monitoring receivables and following up on unpaid invoices.
• Acting as a liaison between accounting, sales, finance, and legal departments.
• Coordinating collection actions with accounting and compliance teams.
• Negotiating payment terms with customers.
• Managing relationships with credit insurers and financial institutions.

Credit managers are found in companies of all sizes, particularly in large organisations. However, their expertise is increasingly sought after in SMEs that need better risk and cash flow management. Typically reporting to the finance department, they work closely with sales and accounting teams. In larger firms, they may lead a team dedicated to receivables and credit management. Occasionally, they travel to meet clients or visit subsidiaries.

The profession of credit manager is accessible with a five-year degree in economics, finance or risk management.

• Start with a two- or three-year degree

After completing secondary school, several paths are available:

• BTS in Finance
• BTS in Accounting and Management (CG)
• Bachelor’s degree in Banking and Finance
• Bachelor’s degree in Risk Management

• Complete your education with a five-year degree

Many degrees can then lead to a position as a credit manager, including the following programmes:

• Master’s in Finance
• MSc Finance & Risk Management (100% English)

Students who wish to further their studies can also pursue a specialised master’s degree.

Risk managers are responsible for anticipating potential dangers and limiting their negative consequences in the event of unforeseen circumstances. They identify, analyse, assess, manage and monitor the risks to which an organisation is exposed. These professionals mainly work in the banking or industrial sectors

This financial expert is a logical progression in the career of a credit manager. Their role is to oversee the financial operations of an organisation, such as accounting and cash flow, while coordinating the teams involved.

The Chief Financial Officier develops and implements an organisation’s financial strategy. They also oversee operations and administrative monitoring. This management position is accessible after more than eight years in the field, thanks to the skills acquired in risk management, financial management and customer relations.