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Qualities of a Good Credit Manager

 

A good credit manager should be friendly and approachable. The fact that he deals with clients directly is reason enough for him to consider how good his people skills are. As a result, a number of traits are considered the most important when looking into the traits and qualities of what a good credit manager should be like.

 

Negotiator

A good professional credit management expert hold have excellent negotiation skills because he is going to strike deals with customers every time they approach with credit needs. This means therefore that he should be able to use all available information at his disposal to craft a decision that works for the company or employer without necessarily putting off the customer. He or she should have a true interest of working with people and helping them because of the nature of the job. All this needs to happen while balancing the risk factor.

 

Independent thinker

 A good credit manager who took a course from http://www.lpcredit.co.uk/professional-credit-management-courses/ has an independent mind that allows him to make clear cut decisions without the influence of any third party. He has the mandate to make decisions he thinks serve the best interest of the company. For this reason, he should being a position to make tough decisions based on facts rather than emotions and attitudes. No customer should be intimidating to force the credit manager to bend the rule, no matter how powerful the customer is considered.

 

Knowledge base

It is crucial that the credit manager of any harm has all the necessary knowledge in his field to allow him make the best decisions. When you understand certain federal laws especially those relevant in your field you increase the possibility of avoiding any liability acts. A good credit manager will work based on principles and governing rules as opposed to guessing and speculating let he makes a costly mistake that backfires on his employer. It is important therefore that the credit manager has the necessary academic qualifications in accounting and credit related courses. Make sure that you go to http://www.ehow.com/facts_6742927_credit-management-policies.html if you are eager to learn more.

 

Integrity

This trait applies in almost all sectors of the industry and most importantly in those that are associated with cash. Credit processing is challenging and sometimes favors may creep in causing unjust credit allocations. This is the reason why a credit manager should have the highest levels of integrity and maintain a solid reputation if he is to attract any customers.

 

Analytical

In the end, a good credit manager must be analytical. He needs to focus on figures for his financial statements to make sense.

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