Where do credit managers work?

A credit manager can work for commercial banks, private banking companies, or any other type of financial institutions that lend money or offer lines of credit. In a commercial bank, a credit manager often deals with large businesses and corporate borrowers. Someone in credit management may also work in a retail bank that deals with individuals who want loans for small business or personal reasons. The job duties of a credit manager include evaluating requests for credit using credit scores, projected profits and losses, and risk factors. They are responsible for accepting or rejecting loan applications based on these criteria and have the authority to oversee the company’s lending process. Additionally, a credit manager may work for a business, usually a B2B company, that offers trade credit to customers. Companies that do not provide financing may offer trade credits as a way to promote sales.