Answers!
Credit Managers work in Banks and Financial institutions
They are responsible to Check Financials and Credit worthiness of Different Customers who apply for loan
Suppose a Client approaches Bank for Term Loan of 20 lacs
1.Client will Submit CMA Data(It contains past and current year Profit and loss Balance Sheet as well as future projected figures)
2.Credit Manager have to Check pass trends of business profitability and see that future projections are correctly based on logic
3.He also checks Past Credit history of Clients (Called CIBIL Score)
4. They also check different documents and security from client like Bank Statements,Property Papers etc
5.They Check Fund flow,Cash Flow and Different Ratios like DSCR
To learn these in detail
Study Step 5 to Step 7 at
http://teachoo.com/subjects/accounts-and-finance/
.
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Credit Managers work in Banks and Financial institutions
They are responsible to Check Financials and Credit worthiness of Different Customers who apply for loan
Suppose a Client approaches Bank for Term Loan of 20 lacs
1.Client will Submit CMA Data(It contains past and current year Profit and loss Balance Sheet as well as future projected figures)
2.Credit Manager have to Check pass trends of business profitability and see that future projections are correctly based on logic
3.He also checks Past Credit history of Clients (Called CIBIL Score)
4. They also check different documents and security from client like Bank Statements,Property Papers etc
5.They Check Fund flow,Cash Flow and Different Ratios like DSCR
To learn these in detail
Study Step 5 to Step 7 at
http://teachoo.com/subjects/accounts-and-finance/
.