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Director Of Credit And Collections
A director of credit and collections is a senior-level employee in an organization's credit department. Job responsibilities may include: * Overseeing credit and collection functions * Hiring, firing, evaluating and promoting credit department employees * Administrating credit policies * Evaluating and improving collection effectiveness * Encouraging sales growth * Mentoring credit managers, credit analysts and other credit department personnel Education and background Employees holding the director of credit and collections position typically have a bachelor's degree or higher, 15–20 years of credit experience, global experience and a Certified Credit Executive designation from the National Association of Credit Management (NACM). Employment As of June 2016, the median salary for a director of credit and collections is $105,282. They typical salary is between $90,419 and $125,160. Professional organizations Credit analysts in the United States can obtain memberships, conti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Association Of Credit Management
The National Association of Credit Management (NACM) is a non-profit organization based in Columbia, Maryland that promotes standards for the business-to-business credit profession. Founded in 1896, NACM has more than 15,000 members, primarily of credit and financial executives representing manufacturers, wholesalers, financial institutions, and service organizations. The trade association specializes in education for its membership, advancement of credit industry practices as well as business credit and accounts receivable management products and services. NACM has been active in its advocacy agenda for more than 100 years in Washington, DC, lobbying during the crafting of relevant legislation. Among its recent federal legislative priority issues were bankruptcy reform, the Federal Trade Commission’s “Red Flags Rules” and the 3% withholding tax issues. NACM’s education, training and professional certification programs include the Credit Business Associate (CBA), Credit B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Assistant
A credit assistant is a person employed by an organization to provide support services to credit managers, credit analysts and other members of the credit department. This position is often entry level. Job responsibilities may include: * Collections * Gathering credit reports, financial histories and other data for credit analysts * Verifying credit reference information * Customer service Education and background Credit assistants often hold associate degrees and/or have experience as collectors or accounts receivables clerks. Employment The average salary for credit assistants in the United States is $36,216. Professional organizations Credit assistants in the United States can obtain memberships, continuing education and certification through NACM. Certification levels include Credit Business Associate, Certified Credit and Risk Analyst, Credit Business Fellow, Certified Credit Executive, Certified International Credit Professional and International Certified Credit Exec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Analyst
A credit analyst is a person employed by an organization to analyze the credit worthiness of customers and potential customers, and to assist in the ongoing management and modeling of credit risk thereafter. See and for discussion. In May 2015, the U.S. Bureau of Labor Statistics reported 70,840 people employed as credit analysts. The salary for this position ranged from $40,250 to $134,080 with a mean average wage of $79,720. In investment banks, "quants" are responsible for the analytics related to the risk management and regulatory capital due to credit risk on the banking book (and to pricing and hedging credit derivatives). This position is distinct from the more commercially-focused credit management role described in this article. Job responsibilities Job responsibilities include the following: * Reviewing credit applications * Projecting sales * Evaluating credit risk * Analyzing financial data, statements and trends * Setting new customer credit limits * Recomme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Manager
Credit management is the process of granting credit, setting the terms on which it is granted, recovering this credit when it is due, and ensuring compliance with company credit policy, among other credit related functions. The goal within a bank or company, in controlling credit, is to improve revenues and profit by facilitating sales and reducing financial risks. A credit manager is a person employed by an organization to manage the credit department and make decisions concerning credit limits, acceptable levels of risk, terms of payment and enforcement actions with their customers. This function is often combined with Accounts Receivable and Collections into one department of a company. The role of credit manager is variable in its scope and Credit Managers are responsible for: *Controlling bad debt exposure and expenses, through the direct management of credit terms on the company's ledgers. *Maintaining strong cash flows through efficient collections. The efficiency of cas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Management
Credit management is the process of granting credit, setting the terms on which it is granted, recovering this credit when it is due, and ensuring compliance with company credit policy, among other credit related functions. The goal within a bank or company, in controlling credit, is to improve revenues and profit by facilitating sales and reducing financial risks. A credit manager is a person employed by an organization to manage the credit department and make decisions concerning credit limits, acceptable levels of risk, terms of payment and enforcement actions with their customers. This function is often combined with Accounts Receivable and Collections into one department of a company. The role of credit manager is variable in its scope and Credit Managers are responsible for: *Controlling bad debt exposure and expenses, through the direct management of credit terms on the company's ledgers. *Maintaining strong cash flows through efficient collections. The efficiency of cas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |