Credit Manager Aptitude Test

A credit manager is a person employed by an organization to manage the credit department and make decisions concerning credit limits, acceptable levels of risk, and terms of payment to their customers. The role can be in a commercial or banking organization. In companies, the role of a credit manager is variable in its scope. Credit managers are responsible for controlling bad debt exposure and expenses, through the direct management of credit terms on the company's ledgers, maintaining strong cash flows through efficient collections, monitoring the Accounts Receivable portfolio for trends and warning signs. Generally, they evaluate a client's financial information to evaluate credit-worthiness. A credit manager needs strong communication as well as strong customer service skills since the job requires intense interaction with customers, attorneys, peers etc. Technical skills in financial statement analysis, risk analysis, and legal contract requirements are required. The manager needs to make decisions on credit requests within authority limits and make recommendations on credit requests above existing authority.

KEY SKILLS REQUIRED:

Proficient verbal & written communication skills - Verbal Ability and Verbal Reasoning

Critical thinking -  Logical reasoning

Problem solving skills, Numeric skills - Quantitative Aptitude Ability to see the big picture - Abstract Reasoning

Ability to analyze financial statements - Financial Management

Verbal ability - Verbal ability is essential because grammar and vocabulary is a prerequisite for good spoken and written English.

Verbal reasoning - Reading comprehension indicates an ability to comprehend and reason with the concepts on a written page.

Quantitative aptitude - Quantitative ability indicates analytical thinking and problem-solving ability.

Logical reasoning - Logical Reasoning is assessed through:  

•    Statement/Conclusion

•    Cause /Effect and

•    Statement/Fact questions

These questions will indicate the quality of deductive reasoning and inductive reasoning which contribute to critical thinking ability.

Abstract reasoning - Abstract reasoning indicates the ability to think clearly, identify logical patterns, learn new skills and solve complex problems. It is an indicator of fluid intelligence and shows an ability to strategize.