credit manager
Credit managers oversee the application of credit policy in the bank. They decide the credit limits to be imposed, the reasonable levels of risk accepted and the conditions and terms of payment made to the customers. They control the collection of payments from their customers and manage the credit department of a bank.
credit manager credit managers oversee the application of credit policy in the bank. They decide the credit limits to be imposed, the reasonable levels of risk accepted and the conditions and terms of payment made to the customers. The role shows moderate AI exposure (0.55 on a 0-1 scale) — some tasks are being automated but the role adapts. The most in-demand skills for the role include debt collection techniques, financial statements, financial management, corporate social responsibility, insolvency law.
Pay in the UK
UK: median £28,532 a year for Credit controllers (ONS ASHE 2025, full-time)
Middle half of full-time jobs: £25,020 to £34,408 a year
UK jobs are grouped differently; this is the closest UK occupation group (ONS SOC 2020 4121). ONS rates this estimate reasonably precise. 2025 provisional figures; ONS revises them a year later. Source: ONS Annual Survey of Hours and Earnings (Open Government Licence)
Pay in India (occupation group)
Average monthly earnings of salaried employees in the occupation group “Technicians and associate professionals” in India, from the Government of India's Periodic Labour Force Survey (January–December 2025). It covers everyone in this group, not only credit manager, and it is not US pay converted to rupees.
Source: MoSPI (Government of India), Periodic Labour Force Survey Annual Report 2025, Table 51 — average wage/salary earnings of regular wage/salaried employees, NCO-2015 division 3. Official India data gives one average per occupation group: there are no official India figures for single careers, experience levels or cities. Read the report
Top skills
Knowledge you'll build
- Economics and Accounting
- Mathematics
- English Language
- Law and Government
- Administrative
- Computers and Electronics
- Customer and Personal Service
- Administration and Management
What you'd actually do
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
Tools & technology you'd use
Frequently asked questions
What does credit manager do?
Credit managers oversee the application of credit policy in the bank. They decide the credit limits to be imposed, the reasonable levels of risk accepted and the conditions and terms of payment made to the customers. They control the collection of payments from their customers and manage the credit department of a bank.
What skills does credit manager need?
The most in-demand skills for this role include debt collection techniques, financial statements, financial management, corporate social responsibility, insolvency law, financial analysis. These are the skills O*NET identifies as most important for competent performance.
Will AI replace credit manager?
Our AI-durability model gives credit manager a score of 0.55 on a 0-1 scale (higher = more exposure). That places it at moderate AI exposure — some tasks are being automated but the role adapts. Learning to work with AI tools rather than against them is the path forward.