Whether you’re a seasoned recruiter or new to the field, crafting an accurate and appealing credit manager job description is essential to attract top talent. Understanding the vital responsibilities and competencies expected from a credit manager is the first step. In this guide, we will break down the essential components of a credit manager job description, helping you to identify exceptional candidates who will propel your financial team to success.
What Is a Credit Manager?
A credit manager is the professional responsible for overseeing an organization’s credit policies and credit‐granting processes. They assess customer creditworthiness, set credit limits, monitor receivables and collections, and help manage the risk of bad debt. In many companies, the credit manager will also supervise a credit team, develop or update credit-risk models, liaise between the finance/treasury department and sales, and optimize cash flow through effective credit management.
Where to Find a Credit Manager?
Recruiters may source candidates for a credit manager role via several channels:
- Job boards and career websites dedicated to finance, accounting, and treasury professionals.
- Niche professional associations (for example, associations in credit management or risk).
- LinkedIn and professional networks targeting candidates with credit risk, AR/collections, or treasury backgrounds.
- Internal promotions from credit analyst or collections supervisor roles (helps with quicker onboarding).
- Executive search firms or staffing agencies, if the role is senior/strategic.
Credit Manager Job Description Template
We are searching for an experienced and detail-oriented credit manager to oversee the whole lending process, craft credit scoring models to analyze creditworthiness, and determine interest rates and loan terms.
Key Responsibilities
- Develop, implement, and oversee the company’s credit policies and procedures.
- Evaluate applicants’ and existing customers’ creditworthiness (financial statements, credit reports, payment history).
- Set credit limits and payment terms in line with the company’s risk appetite.
- Monitor accounts receivable aging and take appropriate action to reduce Days Sales Outstanding (DSO).
- Manage and lead the credit & collections team, ensuring targets and KPIs are met.
- Collaborate with sales, finance, and legal departments on complex credit cases, disputes, or write-offs.
- Report key credit metrics and risk exposures to senior management.
- Stay up-to-date with regulatory requirements, industry trends, and credit-risk modelling best practices.
Required Qualifications
- Bachelor’s degree in finance, accounting, business administration, or similar. (Master’s preferred for large corporations.)
- 6+ years of experience working with credit or 2+ years of credit manager experience
- Excellent leadership and team-management capability.
- Awareness of credit-risk models, credit-scoring techniques, and collection strategies.
- Proficiency with credit-management software and ERP/AR systems.
- Strong knowledge of lending procedures and other related laws
Required Skills
- Strong analytical and financial statement analysis skills.
- Excellent communication and negotiation skills.
- Detail-oriented
- Ability to work under pressure and make decisions that align credit risk with business objectives.
Challenges in Hiring a Credit Manager
- Across talent acquisition functions, only 47.9% of hiring goals were met in 2024, indicating that larger firms will need to plan proactively when recruiting roles such as a credit manager.
- 60% of TA teams reported that their time-to-hire increased in 2024, signaling that filling credit manager positions may take longer than before.
- For roles within financial services or credit management, competition is high, and candidates often have multiple offers; the “offer acceptance rate” is becoming a key metric.
- Recruiting for specialized roles like a credit manager may face hybrid/remote complexities, regulatory compliance concerns, and a more discerning candidate market.
How Much Does It Cost to Hire?
- A credit manager's salary varies significantly by location and experience, with the average annual wage in the United States being around $82,679. For a senior credit manager, the average wage is higher, at around $127,197 per year, according to job postings on Indeed.
- For a credit manager role in Canada (as of April 2025), salaries ranged from ~ CAD 28,000 to CAD 162,000 depending on level and region.
- In 2025, the average cost per hire across roles in the US is ~ USD 4,700 for standard roles; for specialised or senior roles, it easily exceeds USD 6,000–12,000+
Conclusion
Writing a compelling credit manager job description is a critical first step in recruiting the right candidate who can drive credit-risk management, protect cash flow, and support business growth. Make sure your description clearly defines the role, responsibilities, skills, and rewards. Pair that with a strategic sourcing approach and awareness of 2025’s recruiting challenges and cost structure. A well-constructed job description helps you stand out, attract high-caliber candidates, and fill the role more efficiently.
Frequently Asked Questions
Q: What should I include in a credit manager job description?
A: Include a concise summary, core responsibilities, required & preferred skills, experience, education, benefits, and how to apply. Be specific about credit-risk duties and team leadership.
Q: What keywords improve the performance of a credit manager job description in job search engines?
A: Keywords like “credit manager,” “credit risk,” “accounts receivable,” “credit policy,” “collections strategy,” and “DSO reduction” help optimize reach.
Q: How can I make our credit manager job description more attractive to candidates?
A: Highlight growth opportunities, leadership scope, autonomy, exposure to strategy, remote/hybrid options, and a strong benefits package.
Q: How often should we review our credit manager job description to keep it competitive?
A: At least annually, and preferably when you note low application volumes or high cost/time-to-hire. Update salary, benefits, responsibilities, and keywords accordingly.
Q: Should we emphasize remote/hybrid in the credit manager job description?
Yes. With recruiting competition high, flexibility is attractive. Clarify whether remote, hybrid, or on-site is required.
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