INDUSTRY STATS
According to the U.S. Bureau of Labor Statistics, Credit Manager positions are at a 17% growth rate, which is much faster than average. With that said, there are currently 681,700 jobs in the market right now. The total number of jobs is expected to increase by 118,200 to 799,900 in the period of 2020-30.
What’s more, the median annual wage for the Credit Manager jobs was $134,180 in May 2020. The lowest 10% earned less than $70,830, and the highest 10% more than $208,000.
Our conclusion? The Credit Manager job market is wide open for candidates.
Top Credit Manager sections that make the best resume
- Header
- Professional summary
- Experience (with numbers and results)
- Relevant skills
- Education
- Certifications
How to write a Credit Manager resume experience section
Credit Manager Resume’s Job Experience Checklist:
- Use 4-6 bullet points per job title;
- Don’t go further than a decade behind when describing your job history, unless you’re applying for an executive position;
- Combine job responsibilities as well as achievements with numbers in results when you describe your past work;
- Start each sentence with a power verb and avoid overused buzzwords;
- Use either C-A-R or S-T-A-R methodology, when describing your experience.
The work experience samples below come from real Credit Manager resumes that got people hired at top companies. You can use them as an inspiration to build your own resume:
Work Experience
Branch Credit Manager
Candor Corp
2018-2020
- Job roles involve Underwriting of HL & LAP cases, Personal discussion with the customers, Analyze the Financial statement and key financial ratios and looking for the disbursement of the Housing & Mortgage loans.
- Assessing the credit worthiness of customers by comparing the financial scale of the borrower with the level of business activity & setup observed during the PD.
- Detailed banking analysis in conjunction with the current year financialnumbers.
- Measuring financial & operational performances of clients using financial tools like ratios, trend analysis, sales forecasting, budgeting etc.
- Effective Management and communication with Vendors for Legal,Technical and other vital reports critical to the heath of a given loan funding, thereby, understanding the major legal & technical challenges & critical documents related to properties.
Work Experience
CREDIT MANAGER
Innovation Arch
2017-2020
- 300% INCREASE IN CREDIT PORTFOLIO IN 1.5 YRS
- NPA REDUCED BY 30%
- ENSURED ENOUGH CERDIT SUPPLY AND LIQUIDITY TO REGIONAL MSMEs DURING COVID.
- SUCCESSFULLY IMPLEMENTED GOVERNMENT INITIATIVES LIKE ATMANIRBHAR BHARAT,PMEGP,CMEGP ETC.
Work Experience
Credit Manager
Schmeler and Sons
2011-2018
- Handling PL application of DSA cases and Open market cases
- Credit Decision Making for Personal Loans and forwarding Proposals to RCM’s and ZCM
- Having skill in team handling / managing the load
- Working in TAT basis, No error base & productivity base
- If Required going for Personal discussion at customer office place
- Customer Documentation - Ensure pre approval documentation is accurate.
- Pull out CIBIL loans Clarification and OD clearance
- Maintaining FCD (First credit decision ) TAT
- Assessing the credit worthiness of customers through documentation checks and Personal Discussion.
- Experience Summary Overall 11 year’s experience, Credit and Operations in Banking retail assets products Like Pl, BL, LAP, CD loan, Auto Loan, Used car loans Experienced in PL, BL, LAG, and Loan against property (Mortgages) & Car Loans. 1.Analytical Thinking - Breaking complex task in a systematic way, identifying trends and relationship in data, evaluating the same 2.Team effectiveness – Sharing Knowledge/information relevant to others, standing in for a team member 3.Process orientation - Doing things in a structured manner, making specific changes in system/process/work methods to improve performance, managing information in a structured and systematic manner
Work Experience
Credit Manager
Bravura Origin
2009-2014
- Credit Underwriter with experience for Used Car Loan (Both retail & business firm).
- Accountable for appraising loan proposals by detailed financial & non-financial analysis of proposal & applicant’s credit history through CIBIL.
- Making decisions accordingly in cases by checking applicant’s loan eligibility & preparing CAM. Conducting tele PD duringappraisal process.
- Managing different vendors & stakeholders and team of off-role employees.
- Providing training at different time intervals to peer members including sales officers, and new joinees.
Work Experience
Branch Credit Manager
Turner - Wisoky
2017-2021
- Handling credit portfolio of Rs.200crore for Hyderabad region with 8 branches.
- Incharge of complete process throughout Login – CAM – FOIR – Sanction – Disbursement – Dispatch – PDD follow ups within pre-defined TAT in accordance and adherence to policy norms and audit compliance.
- With holding approving power of Rs.4 Lac limit cap for KCC loans and 3 Lac limit cap for Farm equipment accordingly.
- Performed a minimum of 20-25 PDs per month [>60% of logins]
- Used APS software for upto 35Lac cases and ThunderbirdMail for 35lac to 2 crore High value-structured cases to perform credit appraisals, document verification and loan approvals.
- Provided training to >30 Field officers and consulted with struggling teams to help meet monthly target goals.
- Collected data and performed trend and variance analysis to mitigate risk arising from bad debt.
- Optimized credit approval and collection processes, improving operational efficiencies by over 30%.
- Worked cross-functionally with sales, Branch management and other departments to maintain effective Sales and operations.
- Special observations reconciled on Nonstarter and High value customers by regular coordination with DSMG Team
Work Experience
Credit Manager
Movie Intense
2015-2019
- Credit underwriting and applying risk matrix for Agri andSLI cases, timely delivery of decisioning in TAT.
- Handled cluster with more than 50 branches of UP eastand Central UP with portfolio size of Approx 1150 Cr.
- Handled 3 different channels appointed by the bank asits business units.
- Quarterly & Half yearly review with the RCH, RCM alongwith the ACMs on the portfolio behaviour and TAT.
Work Experience
Credit Manager, Retail Assets
Obelus Concepts
2019-2021
- Evaluation and granting of Home loans, Mortgages and Personal loans.
- Establishing credit worthiness of applicants and underwriting of loans.
- Reviewing Profiles, Income statements and conducting PD to ascertain feasibility.
- Ensuring Audit and Regulatory compliance.
- Checking and analysing delinquent accounts and their subsequent recommendations based on the analysis.
- Improving and maintaining of turnaround time and conversions.
- Providing training to Sales, partners and Channels on the policies and offerings of the organization.
- Generating additional revenue through Cross-selling of product and services.
- Networking in the industry to seek reference checks for clients as well as understanding the Industry andEconomy dynamics.
Work Experience
Credit Manager
Strosin, Nolan and Pfeffer
2019-2021
- CREDIT PORTFOLIO INCREASED BY 300%
- NPA REDUCED BY 30%
- TRAVELLED EXTENSIVELY AND ENSURED CREDIT SUPPLY DURING COVID LOCKDOWN TO MAINTAIN OPTIMUM FINANCIAL LIQUIDITY.
- TRAINED IN CORPORATE FINANCE AND CREDIT RISK MANAGEMENT.
Work Experience
Credit Manager North Africa - FMCG
DuBuque, Conroy and Durgan
2017-2018
- Gestion portefeuille client local et export de sorte à ce que l'activité commerciale se transforme rapidement en trésorerie ;
- Suivi de la facturation rapproché à l'encours client pour s'assurer que la performance commerciale ne se fait pas au détriment de la sécurité financière ;
- Recours au source d'information fiable ( Requête Coface, dun & bradstreet, Inforisk ) pour garantir un encadrement de la prise de risque (garantie bancaire, assurance crédit, contrats) ;
- Intervenir dans la négociation commerciale, déterminer le montant de l'encours acceptable, définir les meilleurs moyens de paiement, intégrer des clauses spécifiques dans le contrat de vente agissant comme organe de conseil ;
- Suivi rigoureux des encaissements en préconisant la prévention en terme de collecte via des prévisions mensuelle pour garantir un flux de trésorerie stable et anticipée ;
- Mise en place de reporting quotidien orienté vers l'aide à la decision et destiné au Top management ;
- Contrôle du cycle de la collection permettant à la fois la baisse du DSO et des overdues.
Work Experience
Credit Manager FSNA
Schmeler LLC
2017-2021
- Play a proactive role in the management and collection of receivables
- Assessment of new credit applications and review of customer credit ratings with banks, agencies investigation and insurance organization
- Establishment of credit conditions to set a balance between maximize turnover and minimize the risk
- Maintain & reviesthe corporate credit policy
- Development and monitoring of activity through forecasting tools(dashboards, statistics, indicators)
- Raise awareness among all financial, commercial andoperational on DSO and overdues oriented approach.
Work Experience
Credit Manager FSNA
Erudite
2012-2018
- Jouer un rôle proactif dans la gestion et le recouvrement des créances des débiteurs de l'entreprise ;
- Évaluation des nouvelles demandes de crédit et examen des classements de crédit des clients auprès des banques, agences d'investigation et organismes d'assurance ;
- Mise en place des conditions de crédit visant à maximiser le CA et minimiser le risque ;
- Mise en place des conditions de crédit accompagné d'un suivi des encaissement visant déterminer les besoins en financement ou les disponibilités financières de la structure et mettre en place les actions adaptées ;
- Veiller à la mise en place des procédure d'audit interne groupe conformément au Guideline ;
- Contrôler le suivi des procédures de contentieux jusqu'à la clôture du dossier ;
- Développement et monitoring des outils de prévision de l'activité (tableaux de bord, statistiques, indicateurs) ;
- Minimiser les provisions et les pertes sur créances, tout en permettant le développement du chiffre d'affaires ;
- Sensibiliser l'ensemble des équipes financières, commerciales et opérationnels sur une approche orientée cash, DSO et overdues.
Work Experience
Credit Manager/Business controller FSNA
Erudite
2017-2020
- Jouer un rôle proactif dans la gestion et le recouvrement des créances des débiteurs de l'entreprise ;
- Évaluation des nouvelles demandes de crédit et examen desclassements de crédit des clients auprès des banques, agencesd'investigation et organismes d'assurance ;
- Mise en place des conditions de crédit visant à maximiser le CA etminimiser le risque ;
- Mise en place des conditions de crédit accompagné d'un suivi desencaissement visant déterminer les besoins en financement ou lesdisponibilités financières de la structure et mettre en place les actionsadaptées ;
- Veiller à la mise en place des procédure d'audit interne groupeconformément au Guideline ;
- Contrôler le suivi des procédures de contentieux jusqu'à la clôture dudossier ;
- Développement et monitoring des outils de prévision de l'activité(tableaux de bord, statistiques, indicateurs) ;
- Minimiser les provisions et les pertes sur créances, tout en permettant le développement du chiffre d'affaire ;
- Sensibiliser l'ensemble des équipes financières, commerciales etopérationnels sur une approche orientée cash, DSO et overdues.
Work Experience
Credit Manager
Eco Focus
2016-2020
- Reviewing and evaluating CR packages submitted by CIB.
- Generating executive summary reports for complex transactions.
- Assessing and evaluating financial data and proposed facilities' structures.
- Preparing and producing presentations in relation to proposed facilities for Joint Credit Committee (JCC) within the set out deadlines.
- Communicating JCC’s decisions to subject hubs, subsidiaries, and branches.
Work Experience
International Credit Manager
Erudite
2012-2014
- Managed credit risk for our global dairy customers located in Asia, Mexico and U.S. with different instruments such as letters of credit, CAD, credit insurance and regular open terms
- Prepared and approved credit lines analyzing each customer's financial statements and business plans
- Developed and coached a credit analyst to exceed goals for our agricultural portfolio, Winfield de Mexico
- Selected by Sr. Management to support acquisitions and cross-functional projects
Work Experience
International Credit Manager
Bonefete Fun
2015-2019
- Managed credit risk for U.S. and global dairy customers, becoming SME on letters of credit, CAD, credit insurance and regular open terms
- Prepared and approved credit lines through the analysis of financial statements and business plans
- Mentored a credit analyst that exceeded the goals for our agricultural portfolio
- Selected by Sr. Management to support advanced acquisitions and cross-functional projects
Work Experience
Junior Export Credit Manager
Bravura Inc
2017-2020
- I am co-responsible for the Export Credit Management in BEL
- I secured BEL export activities in Middle-East (export market) by developping credit guarantees in Iraq and Libye
- I maintained the overdues rate under 7% during 21 months on the Midde-East / Africa Zone
PRO TIP
Show off real numbers that display your accomplishments in past roles. Instead of listing out your responsibilities as Credit Manager, talk about the measurable impact you made to their business. Did you boost their revenue? Increase customer retention? Mention your proudest points on your resume.
Action Verbs for your Credit Manager Resume
At Enhancv, we went through countless Credit Manager resumes and uncovered which are the unique words people use to spice up their resumes. Forget about buzzwords - use these power words instead to make your experience section shine.
Recommended reads:
Credit Manager Resume Skills’ Tips & Tricks to Impress Recruiters
Resume Skills Section Checklist:
- Ensure your hard skills section (including technologies) are exactly matching the job description.
- Don’t simply list your soft skills. Apply the “show, don’t tell” principle - let your job achievements speak for themselves.
- Find a way to showcase your skills beyond the skills section.
- Your resume’s skill section is important to ATS systems - so don’t skip it.
Top Skills for your Credit Manager resume
HARD SKILLS
- Microsoft Office
- SAP
- Excel
- Salesforce
- Data Entry
- Quickbooks
- Project Management
- Customer Service
- CRM
SOFT SKILLS
- Communication
- Negotiation
- Critical thinking
- Problem solving
- Collaboration
- Flexibitly
- Resilience
- Dedication
- Empathy
PRO TIP
Don’t feel obliged to spend a separate section for your soft skills - you can weave them throughout your job experience or career summary. But, don’t just write empty words - back them with examples.
Recommended reads:
Credit Manager Resume Header: Tips, Red Flags, and Best Practices
CHECKLIST For Your Credit Manager Resume Header
- Your name and surname in a legible and larger resume font
- The job title you’re applying for or your current job title as a subheading to your name
- Link to your portfolio or online profile, such as LinkedIn
- Address (City and State for the US; just your city for rest of the world)
- Email address
- Headshot (required or welcomed in the EU; not required and sometimes frowned upon in the US)
Stick to popular email providers such as Gmail or Outlook. And use these professional formats to create your username:
- first.last@gmail.com
- last.first@gmail.com
- firstlast@gmail.com
- f.last@gmail.com
- first.l@gmail.com
Recommended reads:
PRO TIP
Some companies, states, and countries have non-discrimination policies about what kind of information can be included on your Credit Manager resume. This might include a photo (which is often included in a resume header and might be on personal web pages you link to). You can always email the company’s HR department to ask about their policies before you apply.
Credit Manager Resume Summary Best Practices
Checklist: What to include in your Credit Manager resume summary:
- Years of experience;
- Highlight top 3 skills and proficiencies;
- One big professional accomplishment you’re most proud of, that you can tie with the aforementioned skills;
- Use short, direct sentences - but no more than three - to keep the HRs interested.
Resume Summary Formula:
Resume Summary Formula:
[Adjective] [job title] with [number] years of experience in [industry], a proven ability to [relevant, measurable skills], and a strong background in [relevant context of your work experience] seeks a position as [the job title you’re applying for].
PRO TIP
You’re not going to get hired simply because of a good summary or objective. However, your recruiter can bump you up in front of similarly experienced candidates who didn’t demonstrate such passion and drive.
Recommended reads:
Listing Your Education, Certifications and Courses
Resume Education Section Checklist:
- Ensure your hard skills section (including technologies) are exactly matching the job description.
- Don’t simply list your soft skills. Apply the “show, don’t tell” principle - let your job achievements speak for themselves.
- Find a way to showcase your skills beyond the skills section.
- Your resume’s skill section is important to ATS systems - so don’t skip it.
Top Certifications for your Credit Manager resume
Learn Banking Credit Analysis through Case Studies
Course for Bankers, Consultants & Managers to Understand Practical Aspects Credit Analysis Process from Indian Context.
Banking Credit Analysis Process (for Bankers)
Course for Bankers, Consultants and managers to Understand Credit Analysis Process from Indian Context.
Commercial Credit Analysis
This course provides you with the tools needed to undertake effective, conclusion-based, commercial credit analysis.
Credit Risk Modeling in Python 2022
A complete data science case study: preprocessing, modeling, model validation and maintenance in Python
Relationship Management in Corporate Banking
How to acquire and manage successful Corporate Client Relationships in Corporate Banking
Recommended reads:
PRO TIP
If you hold a certain major and a minor, your majors should be mentioned first.
Credit Manager Resume: Additional Writing & Formatting Tips
There are three basic resume formats you can choose from:
- Reverse-chronological resume format;
- Functional resume format;
- Hybrid (or Combination) resume format;
The most optimal format for your particular case will depend on your years of experience, as well as whether you’re switching industries or not.
Reverse chronological resumes are best suited for experienced individuals who are sticking to their industry. The experience section takes a central place, and its bullets contain your responsibilities and achievements, coupled with numbers and results.
Functional resumes are used by less experienced jobseekers or career changers. Note that it’s not a format that recruiters prefer, as most are used to the classic chronological alignment. Instead of a list of job titles, functional resumes focus on your skills, and through what experiences you gained them.
Hybrid resumes are great for both experienced and entry-level candidates, as well as career changers. They combine the best of both worlds - most often in a double column format, where one side of the content is focused on your experience, whereas the other - on your skills, strengths, and proudest moments.
Credit Manager Resume Summary best practices
Here are more resume tips regarding your layout and style:
- Clear and legible 12p resume font size;
- Use 10’’ resume margins - that’s default for a great resume design;
- Use a one-page template resume length if you’ve got less than 10 years of experience; otherwise, opt for a two-page resume;
- Save your resume as PDF before sending it to the recruiter.
To take it a step further, check out how your resume can stand out without leaning too much on the creative side.
Recommended reads:
PRO TIP
Test your draft Credit Manager resume by sending it out to peers and mentors in your circles. Ask them to review it as if they are hiring you for a project and implement the feedback afterwards.
Other sections to include in your resume
Depending on the type of company (corporation or start-up; innovative or traditional), job seniority level and your location, you may want to include more sections to your Credit Manager resume:
Credit Manager Resume: How to Make Yours More Creative & Stand Out
When you send your resume to a potential employer, chances are it's the fiftieth one they've seen that day. That's why you need to make your Credit Manager resume stand out for the right reasons. That means showing your personality, not just your professional experience. Employers are far more likely to remember a candidate who seems like a genuine person and not a robot. Do this by including your passions (which is also a great place to demonstrate skills on a resume), share your favorite books, or even what your usual day looks like.
What Makes a Great Credit Manager Resume: Key Takeaways
- Choose a resume layout that sends the right message across and fits your current career situation;
- Create a resume header that shows your desired job title, and easy to find contact numbers;
- Be specific about your experience, accomplishments and future goals in your summary;
- Feature detailed metrics and specific examples that show the impact you made in your previous roles when describing your experience;
- List soft skills backed by examples;
- Add all of your technical skills and certifications that you have and match the job description;
- Show off a dash of personality in your resume that will demonstrate your culture fit and the right mix of hard and soft skills.
Volen Vulkov
8 minute read
Updated on 2022-03-25
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