credit-management-proficiency-certificate

CREDIT MANAGEMENT PROFICIENCY CERTIFICATE COURSE (CMPC)

ABOUT THE COURSE

The Credit Management Proficiency Certificate is a comprehensive course designed to equip participants with essential knowledge and practical skills in managing credit effectively. This program is ideal for professionals in financial services, credit management, and related fields, as well as anyone seeking to understand the intricacies of credit systems.

Participants will explore key areas of credit management, including the fundamentals of credit, the role of credit departments in organizations, and the dynamic credit market. The course covers critical concepts such as credit policy formulation, credit risk analysis, and credit risk management strategies.

Through interactive sessions, learners will delve into effective collection techniques, gain insights into laws governing credit, and understand the legal processes of debt collection. Additionally, the course provides in-depth knowledge about the role and benefits of Credit Reference Bureaus (CRBs), and the interpretation of credit reports to make informed lending decisions.

This is a 3-month online course offered through a flexible learning mode, allowing participants to choose between guided online sessions and self-study options. This ensures accessibility and convenience for working professionals and students alike.

Upon completion of the course and successful passing of the test, participants will be awarded a certificate by CDMS, validating their proficiency in credit management principles and practices. This certification enhances their capability to contribute to organizational performance and mitigate risks in the ever-evolving financial landscape.

Why train with us?

• Accelerate Career Growth: Gain a competitive edge with skills that open doors to promotions and departmental transfers.
• Enhance Your Expertise: Strengthen your credit management skills and stay ahead in the industry.
• Trusted Institution: CDMS Ltd is a NITA-accredited training provider, ensuring quality and credibility.
• Experienced Trainers: Learn from hands-on experts with extensive practical experience in credit management.
• Flexible Learning Options: Enjoy the convenience of both online classes and physical sessions to suit your schedule.
• Affordable Payment Terms: Benefit from our cost-effective tuition with flexible payment plans to make learning accessible.

COURSE CONTENT

1. Introduction to credit management

1. • Meaning of credit
   • Types of credit- Trade, Consumer and Export
   • Role of credit
   • Credit Market
   • Advantages and disadvantages of credit

1. Credit management functions in an organisation

1. • Role of a credit department
   • Duties and responsibilities of credit manager and credit officers
   • Qualities of a good credit officer/manager
   • Performance management of a credit department

1. Introduction to the credit market

1. • Bank credit Products
   • Microfinance
   • Savings and Credit Cooperatives
   • Trade Credit

1. Credit Policy and procedures

1. • Understanding credit policy and types
   • Objectives of a credit policy
   • Benefits of a credit policy
   • Preparation of a credit policy

1. Introduction to Credit risk analysis

1. • Types of risks
   • Understating the credit risk
   • Causes of credit risks
   • Challenges of credit risk analysis
   • Framework for credit analysis- financial and non-financial factors
   • Analysis of Financial statement for risk assessment
   • Use of ratios for risk assessment

1. Credit risk Management

1. • Strategic position of credit risk management
   • Credit risk management objectives
   • Credit risk management structure

1. Effective collection techniques and tools

1. • Collection strategies
   • Understanding collection tools
   • Don’ts and Do’s of collection
   • Application of 80/20 pareto rule in collection
   • Debt Provisioning and write-off

1. Laws governing credit

1. • CBK prudential guidelines
   • Cooperative Act
   • Microfinance Act
   • Bankruptcy and Insolvency Act
   • International financial Reporting Standards (IFRS 9 )

1. Legal process of collection

1. • Understanding the court structure
   • Factors to consider before suing a debtor
   • Enforcement of a judgement debt
   • Understanding bankruptcy and winding up

1. Understanding the credit Reference Bureau (CRB)

1. • The role of CRB
   • Benefits of CRB to lenders, borrowers and the economy
   • Interpretation of Credit Report for lending