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OaSIS 2023 Version 1.0
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10021.02 – Credit managers

Credit managers plan, organize, direct, control and evaluate the activities of credit departments in industrial and commercial establishments. They evaluate and review loan and credit applications and collateral and make recommendations.

Overview

Example job titles

  • Credit card company operations manager
  • Loans manager
  • Mortgage manager
  • Regional collection manager

Main duties

This group performs some or all of the following duties:

  • Administer corporate, commercial and personal loan accounts
  • Advise customers on the commercial and personal financial services corresponding to their needs
  • Ensure credit policies and procedures are followed according to established guidelines and applicable legislation
  • Plan, organize, direct, control and evaluate the activities of a credit department in an industrial or commercial organization
  • Evaluate and review loan and credit applications and collateral and make recommendations
  • Approve or reject credit applications, establish credit limits and determine repayment plans or schedules in accordance with authorized limits
  • Ensure collection of overdue or delinquent accounts
  • Prepare credit and loan reports
  • Recruit credit personnel and identify their training needs.

Additional information

  • Progression to senior management positions in this field is possible with experience.

Similar occupations classified elsewhere

Exclusions:

  • Mortgage broker managers (10020.03)
  • Other business services managers (10029)
  • Senior managers - financial, communications and other business services (00012)

O*NET in-it

This page includes information from the O*NET 27.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. Employment and Social Development Canada has modified all or some of this information. USDOL/ETA has not approved, endorsed, or tested these modifications.