Credit Manager Resume Samples

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Credit Managers are in charge of the credit granting process and their duties include: assessing the creditworthiness of customers, minimizing debt losses, increasing sales, investigating credit applications, managing corporate financing programs, and maintaining the corporate credit policy. Credit Manager resume samples showcase credit regulations knowledge, excellent communication and negotiation skills, sales orientation, attention to details, good math skills, and computer competencies. A Bachelor's Degree in finance-related fields is common experience in the majority of example resumes.

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1

Credit Manager

Leading family owned grocery wholesaler in the Midwest with over $600 million annual sales and client base of over 3,000 independent supermarket stores and chains, convenience stores and gas stations.

  • Significantly reduced bad debt from 2003 - 2006. Average per year $250,000 lowest ratio in the prior 25 years.
  • Improved DSO from 22 days to 19 days which dramatically improved cash flow by $3million.
  • Redesigned and improved business application which included personal guarantee, security agreement, bank information, authorization form, insurance information, ACH withdrawal form, and personal financial when appropriate.
  • Created systems that quarterly updated, monitored, and managed clients turned over for collections both current and previous years.
  • Supervised an office staff of three.
Candidate Info
18
years in
workforce
8
years
at this job
BS
Business Administration
2

Corporate Credit Manager

Complete charge and responsibility for corporate credit organization, including credit approvals, credit limit setting / reviews, and negotiating with collection agencies. Responsibilities included all domestic and international credit operations. Worked daily with order entry, sales support, field sales managers, executives, and 25 accounts receivable coordinators.

  • Developed "hold" procedures so delinquent customers could not be serviced without management approval resulting in collecting $100,000 of delinquent payments.
  • Revised write-off procedures so that accounts receivable recoveries are more properly coded to general ledger accounts.
  • Negotiated corporate guaranty program for financing OLTP (Venezuelan Joint Venture) $17 million contract with the government of Venezuela saving $100,000 in expenses.
  • Instituted a program of checking all new accounts, regardless of amount, to minimize fraud.
  • Designed credit check procedures at the source of new applicants to eliminate customers who do not meet minimum criteria prior to full credit check.
Candidate Info
31
years in
workforce
3
years
at this job
Business Administration
3

Credit Manager

Provided leadership and direction to credit collection activities for a portfolio valued at over $26M.

  • Championed efforts to maintain DSO levels below business plan.
  • Oversaw the credit review process for customer credit risk evaluation and credit underwriting/ recommendation.
  • Conducted credit analysis for credit granting up to $50,000.
  • Coordinated meetings with the Regional Manager for aging review and reserve analysis on a regular basis.
  • Prepared financial analysis vertical/horizontal with special emphasis on Y/Y comparative approach on results for Liquidity, Leverage, and Profitability ratios.
  • Led efforts to negotiate instruments of guarantees as back up for credit lines, which included UCC financing statements on the business fixed assets and inventory.
Candidate Info
11
years in
workforce
5
years
at this job
BBA
Finance
MS
International Business / Finance
4

Credit Manager

Maintained portfolio's ranging from $3MM to $300MM while managing ten to thirty credit representatives and at least five supervisors.

  • Provided training to all collection representatives and consulted struggling teams to help them boost and meet their monthly target goals.
  • Created work schedules and strategies for all teams company wide.
  • Negotiated settlements and payment terms with all customers.
  • Decreased charge offs and exceeded monthly goals eighty percent of the time.
  • Initiated and Implemented new policies and procedures.
  • Collaborated with the CEO, President and Vice President to revamp and innovate bonus structures to enhance and generate maximum performance.
Candidate Info
10
years in
workforce
4
years
at this job
Political Science And History
5

Credit Manager

Managed commercial credit and collections of A/R portfolio of $250M in annual sales, for headquarters and 9 outlying plants nationwide of a major forest products manufacturer.

  • Founded Credit Department, developing policy and procedures for all facets of credit and collection.
  • Reviewed credit applications of current and prospective customers, approving accounts and assigning limits up to $200K authority, recommending higher limits to upper management for approval.
  • Resolved domestic and international credit issues, including Mexico, Canada and the Pacific Rim.
  • Improved receivables portfolio to 95% discount, concurrently reducing bad debt to 0.006%.
  • Self-taught SQL and Crystal Report Writer to tailor RAM scorecards and reports.
Candidate Info
9
years in
workforce
4
years
at this job
BS
Business Administration
6

Senior Corporate Credit Manager

Managed domestic and international credit and collection functions for company with $1.7 billion in sales.

  • Defined and implemented global credit policies improving compliance with corporate requirements and reducing risk in some global markets.
  • Designed and implemented new credit evaluation policies for dealer network in Latin, Central, and South America to encourage growth in that region by nearly 80% year over year.
  • Consolidated separate credit and collections functions into one streamlined, more effective group.
  • Improved DSO by three days domestically, and nearly 20 internationally during fiscal year.
  • Created Process Improvement roles in the Credit department, aligning our group with the rest of the organization. Improved DSO and % current through those roles, and improved the customer experience by stopping defects before the customer identified them.
  • Achieved record setting free cash flow for Fiscal Year 2008.
  • Managed 2 supervisors, 2 process improvement analysts and (indirectly) 14 credit analysts.
Candidate Info
16
years in
workforce
2
years
at this job
AS
Applied Business
BA
Business Administration
7

Credit Manager/accounts Receivable Manager

Made all credit decisions, for new and existing accounts totaling 40 million dollars in sales

  • Supervised all facets of receivables and credit including credit application research and cash posting
  • Implemented all current Credit Department policies and procedures
  • Managed all monthly and yearly reporting for credit and receivables
  • Improved collections and reduced Days Sales Outstanding significantly
  • Responsibilities also included multi-state sales tax returns, general ledger account reconciliation, and bank statement reconciliation.
  • Reduced bad debt from 2% of gross sales to .2% of gross sales
Candidate Info
12
years in
workforce
5
years
at this job
BA
Accounting
8

Credit Manager

Administered credit approvals for new and existing customer accounts averaging $100K per month.

  • Performed credit appraisals, document verification, and loan approvals.
  • Optimized credit approval and collection process, improving operational efficiencies by over 25%.
  • Supervised and trained Customer Service Representative and Bookkeeping staff.
  • Resolved customer issues and delinquent cases, devising collection recovery strategies.
Candidate Info
29
years in
workforce
3
years
at this job
Electrical Engineering
Accounting
9

Credit Manager

Assisted District Credit Manager in account approval and collection of Gulf Coast district receivables for 9 branches totaling up to $14,000,000.

  • Trained as a Coach to assist other associates with utilizing computer processes.
  • Used extensive experience to assist cash department in interpretation of customer payments for proper application.
  • Prepared bond claims and accounts to attorney for lien or judgment in a timely manner.
  • Helped organize and participated in charity fund raisers.
Candidate Info
12
years in
workforce
6
years
at this job
10

Credit Manager

Manage all national and international credit and collection functions for Unit Structures with an average of $14 million in annual sales.

  • Perform credit checks and approve all credit limits for new customers while providing alternatives for high-risk companies.
  • Coached and mentored analysts and generated positive team dynamics through strong leadership, organization and interpersonal skills.
  • Spearheaded the development, improvement and refinement of credit policies, procedures and strategies to enhance the company's risk management platform.
  • Supervise the day to day collection and account reconciliation activities while maintaining a less than 1% default rate.
  • Responsible for updating and maintaining lien rights in all states.
  • Responsible for arbitrating disputes involving sales tax issues and deductions with customers.
Candidate Info
53
years in
workforce
16
years
at this job

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