What Do Credit Assistant Managers Do?
Wondering what the job is really like for credit assistant managers?
You've come to the right place.
Keep reading to find detailed information about what credit assistant managers do, including the type of work they are tasked with on a daily basis, industries in which they work, and the specific skills needed for a successful career.
Credit Assistant Managers Overview & Description
Let's get started with the basics about credit assistant managers by taking a look at a simple description and popular job titles.
Credit Assistant Managers analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking.
Popular Job Titles For Credit Assistant Managers
Sample of Reported Job Titles
- Credit Analysts
- Credit Managers
- Credit Assistant Managers
- Commercial Credit Analysts
- Credit Portfolio Managers
- Assistant Credit Managers
- National Credit Managers
- Credit Union Managers
- Management Trainees
- Regional Credit Managers
- Team Managers
- Commercial Credit Managers
Read on for insight into the industries where the highest concentration of jobs for credit assistant managers can be found.
Best Industries for Credit Assistant Managers
Credit Assistant Managers Jobs By Industry
- Depository Credit Intermediation: 42%
- Nondepository Credit Intermediation: 13.3%
- Management of Companies and Enterprises: 11.4%
- Activities Related to Credit Intermediation: 6.8%
- Other Financial Investment Activities: 5%
- Securities and Commodity Contracts Intermediation and Brokerage: 4.1%
- Other: 17.4%
When it comes to jobs in the United States, the largest single category of credit assistant managers can be found working in the Depository Credit Intermediation sector. In 2023, about 42% of all jobs for credit assistant managers were found there.
Other top industries by percentage include Nondepository Credit Intermediation (13.3%), Management of Companies and Enterprises (11.4%), Activities Related to Credit Intermediation (6.8%), Other Financial Investment Activities (5%) and Securities and Commodity Contracts Intermediation and Brokerage (4.1%).
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Degree Options for Credit Assistant Managers
Develop the foundational financial skills needed to keep business running successfully, including financial reporting and analysis, managerial accounting, and federal taxes, so you can start your career as an accounting technician, tax preparer, payroll assistant and more.
- Class Type: 100% online
- Cost Per Credit: $398
Turn a head for numbers into a career as a financial associate or analyst, and help businesses turn financial data into actionable insights that can maximize investments, improve cash flow, and impact decisionmaking.
- Class Type: 100% online
- Cost Per Credit: $398
Enter into or advance within the rapidly growing accounting industry and prepare for professional certifications like the CPA.
- Class Type: 100% online
- Cost Per Credit: $398
- Accreditation: IACBE
Build in-demand skills in programming, data management and cloud computing with Franklin’s online data science bachelor’s degree.
- Class Type: 100% online
- Cost Per Credit: $398
Master finance principles and develop all-inclusive corporate finance strategies for business firms and financial institutions.
- Class Type: 100% online
- Cost Per Credit: $398
- Accreditation: IACBE
Distinguish yourself as a knowledgeable accounting professional with advanced technical, research, and communication skills.
- Class Type: 100% online
- Months To Complete: 17
- Accreditation: IACBE
- Placement Tests: GMAT/GRE not required for admission
What Do Credit Assistant Managers Do on a Daily Basis?
So you have a high-level understanding of what credit assistant managers do and the types of industries in which they work - but what do they really do each day?
A great way to understand the type of work credit assistant managers do is to examine actual job postings and focus on the specific skills that employers are seeking. That will help paint a clearer picture of the tasks that credit assistant managers tackle each day.
Continue reading for a breakdown of specialized skills found in job postings for credit assistant managers, as well as common skills - interpersonal qualities and attributes - that can help you thrive in the workplace.
In-Demand Skills for Today's Credit Assistant Managers
Based on 13,840 job postings
Top 5 Specialized Skills for Credit Assistant Managers
| Skills | Postings | % of Total Postings |
|---|---|---|
| Finance | 5,682 | 41% |
| Accounting | 5,462 | 39% |
| Loans | 4,833 | 35% |
| Financial Statements | 3,714 | 27% |
| Underwriting | 3,493 | 25% |
Top 5 Common Skills for Credit Assistant Managers
| Skills | Postings | % of Total Postings |
|---|---|---|
| Communication | 6,217 | 45% |
| Management | 5,807 | 42% |
| Customer Service | 4,372 | 32% |
| Sales | 4,362 | 32% |
| Collections | 4,082 | 29% |
Based on 13,840 job postings related to credit assistant managers, finance was the top specialized skill sought by employers, with 41% of all postings looking for that skillset. Skills for accounting, loans, financial statements, underwriting and credit risk were also highly sought.
As for common skills, communication was the most desired skill found in job postings for credit assistant managers, followed by management, customer service, sales, collections and operations.
| Skill | Postings | % of Total Postings |
|---|---|---|
| Finance | 5,682 | 41% |
| Accounting | 5,462 | 39% |
| Loans | 4,833 | 35% |
| Financial Statements | 3,714 | 27% |
| Underwriting | 3,493 | 25% |
| Credit Risk | 3,015 | 22% |
| Financial Analysis | 3,014 | 22% |
| Credit Management | 2,973 | 21% |
| Credit Analysis | 2,720 | 20% |
| Accounts Receivable | 1,974 | 14% |
| Commercial Lending | 1,939 | 14% |
| Auditing | 1,672 | 12% |
| Economics | 1,569 | 11% |
| Portfolio Management | 1,557 | 11% |
| Risk Management | 1,533 | 11% |
| Credit Reports | 1,447 | 10% |
| Risk Analysis | 1,255 | 9% |
| Merchandising | 1,238 | 9% |
| Financial Services | 1,144 | 8% |
| Commercial Banking | 1,115 | 8% |
| Skill | Postings | % of Total Postings |
|---|---|---|
| Communication | 6,217 | 45% |
| Management | 5,807 | 42% |
| Customer Service | 4,372 | 32% |
| Sales | 4,362 | 32% |
| Collections | 4,082 | 29% |
| Operations | 3,110 | 22% |
| Detail Oriented | 2,974 | 21% |
| Writing | 2,960 | 21% |
| Microsoft Excel | 2,910 | 21% |
| Problem Solving | 2,477 | 18% |
| Research | 2,310 | 17% |
| Microsoft Office | 2,241 | 16% |
| Leadership | 2,143 | 15% |
| Analytical Skills | 1,989 | 14% |
| Interpersonal Communications | 1,827 | 13% |
| Presentations | 1,812 | 13% |
| Time Management | 1,513 | 11% |
| Verbal Communication Skills | 1,480 | 11% |
| Organizational Skills | 1,383 | 10% |
| Self-Motivation | 1,378 | 10% |
Most In-Demand Jobs for Credit Assistant Managers
Top 5 Posted Job Titles
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Credit Analysts | 9,789 | 49% |
| Credit Managers | 2,488 | 12.4% |
| Credit Assistant Managers | 1,483 | 7.4% |
| Commercial Credit Analysts | 1,212 | 6.1% |
| Credit Portfolio Managers | 1,072 | 5.4% |
According to job postings that were published between September 2022 and August 2023, the top job sought by employers was credit analysts, with 4,008 unique job postings. Credit managers were second, with 755 postings, followed by credit assistant managers, commercial credit analysts and credit portfolio managers.
Expand the section below to see unique job postings for all occupations related to credit assistant managers.
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Credit Analysts | 9,789 | 49% |
| Credit Managers | 2,488 | 12.4% |
| Credit Assistant Managers | 1,483 | 7.4% |
| Commercial Credit Analysts | 1,212 | 6.1% |
| Credit Portfolio Managers | 1,072 | 5.4% |
| Assistant Credit Managers | 690 | 3.5% |
| National Credit Managers | 555 | 2.8% |
| Credit Union Managers | 283 | 1.4% |
| Management Trainees | 171 | 0.9% |
| Regional Credit Managers | 269 | 1.3% |
| Team Managers | 284 | 1.4% |
| Commercial Credit Managers | 361 | 1.8% |
| Commercial Banking Credit Portfolio Managers | 189 | 0.9% |
| Credit Card Analysts | 203 | 1% |
| Credit Union Examiners | 182 | 0.9% |
| Credit Assistants | 166 | 0.8% |
| Consumer Credit Analysts | 185 | 0.9% |
| Credit Review Analysts | 183 | 0.9% |
| Corporate Credit Managers | 124 | 0.6% |
| Business Relationship Managers | 103 | 0.5% |
Additional Links
Ready to dig deeper into career information for credit assistant managers? Visit our other pages focused on salary and education for credit assistant managers.
How much do credit assistant managers make?
Credit Assistant Managers: How do you become one?
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