Asset manager to credit manager
An asset manager already meets 54% of what the credit manager role asks for. The move turns on 10 required skills not yet in the profile.
52.8/ 100
1 How much of what a credit manager is expected to do is already part of an asset manager’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the credit manager role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A credit manager role treats 17 of its required skills as things an asset manager already does. You would walk in with these on day one.
- advise on financial matters
- analyse financial performance of a company
- analyse financial risk
- apply credit risk policy
- corporate social responsibility
- create a financial plan
What stands in the way is 10 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 22 skills that carry over, these are the ones fewest other occupations ask for. A credit manager role needs them, and most people applying for one will not have them already. This is the part of an asset manager background worth leading with.
- already held apply credit risk policy assisting and caring
- already held credit control processes business, administration and law
- already held consult credit score information skills
- already held enforce financial policies management skills
- already held examine credit ratings information skills
- already held financial analysis business, administration and law
All 22 carried skills, including the 17 the credit manager role treats as required.
Table 3 · What you may need to learn
The 27 missing skills fall into 4 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn determine loan conditions required
- still to learn analyse the credit history of potential customers required
- still to learn maintain records of financial transactions required
- still to learn synthesise financial information required
- still to learn trace financial transactions required
- optional, not held prepare credit reports optional
- optional, not held analyse loans optional
- optional, not held assess financial viability optional
- optional, not held ensure proper document management optional
- optional, not held maintain client debt records optional
- optional, not held perform debt investigation optional
- still to learn debt collection techniques required
- still to learn debt systems required
- still to learn insolvency law required
- optional, not held investment analysis optional
- optional, not held banking activities optional
- optional, not held business loans optional
- optional, not held contract law optional
- optional, not held mortgage loans optional
- optional, not held property law optional
- optional, not held tax legislation optional
- still to learn create credit policy required
- still to learn manage staff required
- optional, not held budget for financial needs optional
- optional, not held perform clerical duties optional
- optional, not held advise on credit rating optional
- optional, not held communicate with banking professionals optional
Table 4 · Where to start
The 3 entries a credit manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 create credit policy practise this
- 02 determine loan conditions practise this
- 03 analyse the credit history of potential customers practise this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 22 skills that carry over
- already held advise on financial matters skill
- already held analyse financial performance of a company skill
- already held analyse financial risk skill
- already held apply credit risk policy skill
- already held corporate social responsibility knowledge
- already held create a financial plan skill
- already held credit control processes knowledge
- already held enforce financial policies skill
- already held financial analysis knowledge
- already held financial management knowledge
- already held financial statements knowledge
- already held follow company standards skill
- already held handle financial transactions skill
- already held liaise with managers skill
- already held manage financial risk skill
- already held obtain financial information skill
- already held strive for company growth skill
- already held analyse market financial trends skill
- already held consult credit score skill
- already held examine credit ratings skill
- already held plan health and safety procedures skill
- already held securities knowledge
17 supplementary skills, helpful but not required
- optional, not held investment analysis optional
- optional, not held prepare credit reports optional
- optional, not held advise on credit rating optional
- optional, not held analyse loans optional
- optional, not held assess financial viability optional
- optional, not held banking activities optional
- optional, not held budget for financial needs optional
- optional, not held business loans optional
- optional, not held communicate with banking professionals optional
- optional, not held contract law optional
- optional, not held ensure proper document management optional
- optional, not held maintain client debt records optional
- optional, not held mortgage loans optional
- optional, not held perform clerical duties optional
- optional, not held perform debt investigation optional
- optional, not held property law optional
- optional, not held tax legislation optional
18 held skills the credit manager role does not ask for
- not needed by the target role actuarial science knowledge
- not needed by the target role advise on risk management skill
- not needed by the target role apply technical communication skills skill
- not needed by the target role asset management knowledge
- not needed by the target role develop investment portfolio skill
- not needed by the target role exert expenditure control skill
- not needed by the target role financial markets knowledge
- not needed by the target role funding methods knowledge
- not needed by the target role handle financial disputes skill
- not needed by the target role identify clients' needs skill
- not needed by the target role interpret financial statements skill
- not needed by the target role modern portfolio theory knowledge
- not needed by the target role negotiate loan agreements skill
- not needed by the target role negotiate on asset value skill
- not needed by the target role perform asset recognition skill
- not needed by the target role provide support in financial calculation skill
- not needed by the target role review closing procedures skill
- not needed by the target role review investment portfolios skill
10 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn debt collection techniques required
- still to learn debt systems required
- still to learn insolvency law required
- optional, not held investment analysis optional
- optional, not held banking activities optional
- optional, not held business loans optional
- optional, not held contract law optional
- optional, not held mortgage loans optional
- optional, not held property law optional
- optional, not held tax legislation optional
Common questions about this move
Can an asset manager become a credit manager?
Yes, and it is a moderate move. An asset manager already covers 54% of what a credit manager is expected to do: 22 skills carry over, 17 of which the credit manager role treats as required.
What skills does an asset manager need to become a credit manager?
10 required skills are missing, plus 17 optional ones. They fall into 4 areas of the ESCO skill hierarchy, led by information skills. The single most important is create credit policy.
How hard is the move from asset manager to credit manager?
Its learning distance is 52.8 out of 100, which is the moderate band. That accounts for both how much is missing and how specialised those skills are.
How this record was compiled
Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.