Introduction to Credit Management
Credit management is the process of granting credit and involves the functions of the bank or a company to control credit policies. The strategies enables the banks to increase revenues and reduce financial risks. Credit management deals with all activities of the company and the customers paying their invoices within defined terms and conditions of payments. The study explains about the benefits of good credit management and its benefits, The comprehensive processes includes customers relations determining their credit rating, detecting late payments and complaints.
The students who have completed their bachelors degree from a recognized university are eligible for the course. Those who have interest to work for financial companies / credit departments are suitable for the course. Students should have strong mathematical abilities and communication skills. Students should have keen interest in pursuing the course in credit management and face the challenges in the sector.
Course description of diploma in Credit Management
The diploma course in credit management is of two years full time program. The course is designed to prepare students to become experts in credit management and become credit mangers in banking sectors and financial firms. The aims at providing in-depth knowledge and practical experiences for students in credit management. The program prepares the students for jobs in banks at operation levels and imparts knowledge on principles, systems and techniques involved in credit management. Training provides scope for enhancing their career prospects in relevant areas. The course enables them to sharpen their skills in communication and analytical thinking. Training provides hands on experiences for applying their skills into practice.
The study subjects includes financial analysis, export finances, ratio analysis, credit monitoring, turnover methods, credit risk management, funds flow, cash budget, stressed assets, infrastructure financing etc.
Role of credit manager
Credit managers help in controlling bad debt exposure and expenses,
- maintain strong cash flow through efficient collectors.
- ensure for adequate allowance for doubtful accounts.
- remove bad debts form the ledger, set credit limits.
- ensure for setting credit terms and credit rating criteria.
- take up issues of pursuing legal remedies for non payers.
The qualified students find jobs in plenty in financial settings and banking firms across the globe. The job profiles includes credit manager, accountant, credit assistant, book keeper, credit analyst, billing accountant.
Diploma Credit Management Admissions for 2020 - 2021 Academic Year
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