Also called: Business Manager, Credit Administrator, Credit Director, Credit Manager
Produced by CareerOneStop
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Companies know that extending credit is risky business. Credit authorizers, checkers and clerks work to reduce that risk. Credit clerks assemble the documents and process transactions involved in loan and credit applications. Checkers verify the information on application forms. They may interview applicants to gather personal and financial data. Checkers contact banks, credit bureaus and other sources for facts about an applicant’s earnings, spending, and bill-paying habits. At times, they may need to deal with unpleasant or upset people. Authorizers decide whether to approve or deny the request for a credit account or for a new charge to an existing line of credit. They assess credit histories for accounts that are past due, overextended or in some way invalid. A high school education is generally required for an entry-level position. Helpful qualifications include fluency in another language especially Spanish, strong keyboarding skills, and a solid grasp of business math. Because electronic records and communication are streamlining this field, the field is not growing. But where the work is needed, this is a career where a job done well is certainly a credit to your company.
What they do:Authorize credit charges against customers' accounts.
On the job, you would:
- Keep records of customers' charges and payments.
- Evaluate customers' computerized credit records and payment histories to decide whether to approve new credit, based on predetermined standards.
- File sales slips in customers' ledgers for billing purposes.
Arts and Humanities
- English language
- customer service
- accounting and economics
Engineering and Technology
- computers and electronics
Math and Science
- arithmetic, algebra, geometry, calculus, or statistics
- listening to others, not interrupting, and asking good questions
- talking to others
- noticing a problem and figuring out the best way to solve it
- understanding people's reactions
- bringing people together to solve differences
- communicate by speaking
- listen and understand what people say
Ideas and Logic
- notice when problems happen
- order or arrange things
People interested in this work like activities that include data, detail, and regular routines.
They do well at jobs that need:
- Stress Tolerance
- Attention to Detail
You might use software like this on the job:
Electronic mail software
- Financial accounting software