How to Train for Credit Management

A credit manager oversees customer accounts, sales activities and collection, and communicates procedures and policies to staff. If you are a credit manager, you may work in a bank or other type of financial institution. Sufficient training in credit management is necessary to ensure that you will be successful when you enter the field.

Instructions

1

Get the appropriate education. You should pursue a bachelor's or a master's degree in management or a financial field such as accounting, business or communications. The courses to take should include accounting, finance, management, human resources, marketing, technology and operations. Taking classes such as these will help you learn about the lending market and how to deal with customers.

2

Seek training in the financial area through internships and part-time entry-level positions. Internships can help you learn from experienced individuals and can lead to future jobs. Most colleges will assist with post-graduation employment searches.

3

Obtain any licenses you need through the state in which you will work.A credit license is usually required if you work for a bank or financial institution. A credit insurance license may be required if you engage in selling loans to customers to protect them in the event of death, disabililty or unemployment. Contact the insurance licensing board in your state to obtain the license or find out if your employer will handle this for you.