credit manager
Approves who owes what
A credit manager oversees lending decisions and debt collection for a business or financial institution.
They evaluate creditworthiness, set credit limits, and establish payment terms for customers who want to buy on account.
The role balances competing pressures—sales teams want generous terms to close deals, while the credit manager protects against bad debt: The credit manager flagged several accounts as high risk.
- collectionsGathered groups of items
- collection agencyFirm recovering overdue payments
- accounts receivableDebts owed to business
- accounts payableOutstanding debts to suppliers
- debtMoney owed another
bad debt · invoices · net 30 · risk assessment · payment · past due · delinquent · overdue · lending · financial · creditworthy · default · approval · terms · balance · dunning · ledger · portfolio
credit, manager, credits, credited, crediting, creditor, creditors, creditable, accredit