A credit controller is a person who is responsible to control the debts of creditors and deciding whether the credit is allowed to a debtor or not. In short, we can say that the Credit controller’s duty is to manage the money which is borrowed or owed for the business.

Credit Controller Job Description

The job profile of a credit controller includes the work of coordinating the debts of the existing creditors and also deciding what should credit be allowed to any debtor. This job work will also have the collection of finance, solving any accounts queries and problems, producing and sending the sale invoices, credit notes issue process, and many other related works. The candidate will also be responsible for the management of debt recovery by taking any kind of legal action.

Roles and responsibilities

• The responsibilities of the Credit Controller have to maintain a strong relationship with clients to make all the invoice payments clear.
• It is the duty of the credit controller to check all the customer’s credit ratings with banks and other information before approving the loan.
• The candidate is responsible to set up the terms and conditions of taking loans along with its type and risk.
• Maintain the collection of all debts and payments on time.
• If it’s become necessary then negotiate the repayment plans.
• If there is any issue related to the outstanding invoices then it is the duty of the credit controller to resolve it.
• Make accounting reports for the senior staff.
• Daily update the record of receipts to the accounting system.
• Responsibility to provide information for the internal department.
• Always try to set up new clients in terms to provide credit to them.

Credit Controller key skills required

• In-depth knowledge of legal rules and policies related to payment plans, loans, and interest rates.
• Proficiency in MS Office and accounting software.
• Good communication skills to convince clients of loans.
• The candidate should be able to solve the problems of clients.

 Education, training, and Certifications

• Bachelor’s or master’s degree in Finance, Accounting, Mathematics, or another related field.
• Experience working as a credit controller.
• Basic knowledge of computer and accounting software.