Credit Manager Duties & Responsibilities

The role and function of a Credit Manager includes the following duties and responsibilities:

  • Research and evaluate clients’ creditworthiness
  • Create credit scoring models to predict risks
  • Approve or reject loan requests, based on credibility and potential revenues and losses
  • Maintain records of loan applications
  • Follow up with clients to manage debt settlements and loan renewals
  • Ensure all lending procedures comply with regulations
  • Calculate and set interest rates
  • Negotiate loan terms with clients
  • Monitor payments
  • Develop, review and update our company’s credit policies

Note that this is not an exhaustive list of Credit Manager duties and responsibilities. Job functions for specific Credit Manager roles may vary, depending on the industry and type of employer.