Managing Credit Risk

Tutor: Geoff Dearing  CPD Hours: 24 hours   Duration: 3 months

Course Cost: £1195

This course on the management of credit risk will give you a valuable insight into the amount of credit risk within the firm and within each business segment of the firm.

This course forms part of the series of courses on Operational Management Business Building and will help you to resolve these typical business problems:

• The ability to identify, prioritise and mitigate critical areas of risk in the business and in teams within the business.
• Reducing the exposure to credit risk.
• Identifying the average days of work in progress outstanding to provide an accurate analysis of the risk undertaken.
• The provision of clear data as to the debtor days outstanding on overall billing and team billing.
• The ability to identify, target and budget a reduction of lock up leading to an increase in both cash flow and profitability.

This Credit Risk course will give you the knowledge and ability to reduce credit risk, target lock up and improve both operational performance and profitability as a result.

The knowledge you gain from this course is fundamental to any successful business and the course will further enable you to improve your skills in the management of risk which will aid compliance with regulation as well as an improvement in profitability.

By the end of this course you will be able to demonstrate a detailed knowledge of the credit risk to which both the business and individual sections of the business are exposed.

By the end of this course you will have:

• A detailed understanding of the strategies and the implementation of those strategies to reduce the exposure to credit risk.
• The ability to produce clear and effective targets to reduce lock up in work in progress and outstanding bills with a direct improvement on profitability.
• The ability to draft both formal and informal reports appropriate for the intended audience.
• The ability to achieve targets through team work.
• The capacity to make a direct improvement in both cash flow and profitability.
• A clear understanding of the need to control credit risk to minimise bad debt and once again to improve profitability.
• An understanding of the management of risk and the skills to mitigate risk.

Download an application form here