Credit Manager in Victoria, BC

Credit Manager Job Description

Credit Managers in Canada manage credit risks and ensure the timely collection of payments from customers. This role is responsible for developing and implementing credit policies, analyzing customer creditworthiness, and overseeing the entire credit and collections process. The Credit Manager balances risk mitigation with supporting sales growth, ensuring sound financial decisions. A Bachelor's Degree in Finance, Accounting, Business Administration, or a related field is essential, with relevant certifications (e.g., CCP - Certified Credit Professional) often preferred. A deep understanding of Canadian credit laws, bankruptcy regulations, and industry-specific credit practices is paramount.

Typical credit manager duties:

Develop, implement, and enforce credit policies and procedures to manage risk effectively.

Conduct comprehensive credit assessments of new and existing customers.

Oversee the collections team and manage strategies for timely recovery of accounts receivable.

Monitor accounts receivable aging and bad debt reserves, providing regular reports to management.

Negotiate payment terms, manage credit limits, and resolve complex collection issues.

Collaborate with sales, finance, and legal teams to support customer relationships and resolve disputes.

Ensure compliance with all internal policies and Canadian credit and privacy regulations.

Implement and manage credit management software and tools to enhance efficiency.

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Salary for Credit Manager in Victoria, BC

85260 - 118755

Low

85260

The candidate is new to the role or has limited experience and is still developing core skills.

Mid

101246

The candidate has moderate experience in the role or one similar, meets most requirements and may hold transferable skills or relevant certifications.

High

118755

The candidate has extensive experience in the role, demonstrates advanced skills and often brings specialized certifications or industry experience.

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