Choosing a career as a Credit Manager in London can allow you the chance to work for some of the biggest financial and banking firms in a city like no other.
What are the main responsibilities of Credit Managers?
As a Credit Manager you will be primarily responsible for a regional team or sector and managing the members of this sub-team as a senior credit expert. In this role you will be providing expert credit analysis to support relationship development with important clients and preparing credit recommendations for stakeholders.
A day in the life of a Credit Manager
Being a Credit Manager involves daily tasks such as assessing client requests and credit risk, developing appropriate solutions for client needs through proposal of products and credit structures. You will also be the point of first contact for internal and external clients as well as an effective and strong leader in your managerial capacity by providing feedback to your team and coordinating workflow.
What skills and experience do you need to be a good Credit Manager?
Normally, Credit Managers will need to have amassed a certain level of knowledge and qualifications in order to exceed client expectations. Employers will look for experience in corporate banking, knowledge of pricing strategies, a strong understanding of your particular firm or bank's standing within their market and their consumer products as well as an awareness of current business, industry and country trends.
To work in Credit Management, you need to be a strong communicator to deal with independent clients and company leaders directly and to lead a team effectively. You must possess organisational skills in order to keep financial records and exceptional numerical and analytical skills as well as the ability to work to tight deadlines and perform under pressure. It is normally expected for you to have a strong academic background in Business, Economics, Finance and related fields with previous industry experience.
The benefits of London
London offers an attractive yearly salary for Credit Managers, at £51,898, roughly £10,000 more than the national average. With some of the biggest banks such as Barclays and HSBC all offering positions for Credit Managers, the capital's Finance and Banking industry offers a unique opportunity for the right person. You will work alongside Finance teams, including, Finance Officers, Actuaries, Controllers and potentially Head of Finances.