What is the role of credit manager?

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
  • Calculate and set interest rates
  • Negotiate loan terms with clients
  • Monitor payments
  • Maintain records of loan applications
  • Follow up with clients to manage debt settlements and loan renewals
  • Ensure all lending procedures comply with regulations
  • Develop, review and update our company’s credit policies

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