Credit management is concerned with making sure that organisations, who buy goods or services on credit, or individuals who borrow money, can afford to do so and that they pay their debts on time.
Credit jobs exist within any industry sector eg manufacturing, distribution, retail, telecoms, utilities, local authority, financial services, and within any size company from SMEs (Small, Medium Enterprises) to large corporates. You could also work for a company specialising in credit management services eg debt collection agency, credit insurance company, credit reference agency.
You can work in trade credit (business to business) or consumer credit (business to consumer). Customers can be based in the UK only or globally.
Key responsibilities within credit roles include risk assessment, billing, query resolution, account reconciliation, debt collection and taking legal action when payments are overdue.