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A director of credit and collections is a senior-level employee in an organization's credit department. Job responsibilities may include: Overseeing credit and collection functions; Hiring, firing, evaluating and promoting credit department employees; Administrating credit policies; Evaluating and improving collection effectiveness; Encouraging ...
Credit management and the credit manager function is often combined with Accounts Receivable and Collections department of a company. The role of credit manager is variable in its scope and a Credit Managers are typically responsible for: [1] Controlling bad debt exposure and expenses, through the direct management of credit terms on the ...
A credit assistant is a person employed by an organization to provide support services to credit managers, credit analysts and other members of the credit department. This position is often entry level. [1] Job responsibilities may include: Collections; Gathering credit reports, financial histories and other data for credit analysts
Credit analysts typically [2] hold a business related bachelor's degree majoring in finance, in accounting, in business administration, or in economics.Depending on the role, some companies may require a professional certification such as the Credit Business Associate from the National Association of Credit Management (NACM).
Credit control has a number of sections that include - credit approval, credit limit approval, dispatch approvals as well as collection process. In a large business a credit process will be run by a senior manager and will include processes as such as Know Your Customer (KYC), account opening, approval of credit and credit limits (both in terms ...
The Association of Credit and Collection Professionals, (ACA) International-an association was established in 1939 to represent "third-party collection agencies, law firms, asset buying companies, creditors and vendor affiliates" that "establishes ethical standards, produces a wide variety of products, services and publications, and articulates ...
Midland Credit Management, Inc. is an American debt buyer and debt collection company headquartered in San Diego, California, and has offices throughout the United States as well as in India and Costa Rica. [1] It is a wholly owned subsidiary of Encore Capital Group (Nasdaq: ECPG). [2] It is one of the largest debt collectors in the United ...
Liquidity risk: the company is unable to fund itself or is unable to meet its obligations; overlapping the above; Market risk: changes in market prices (typically foreign exchange, interest rates, commodities) cause losses to the business; Credit risk: that a counterparty default causes loss to the business.