Career Overlap Transition record Edition 1 · ESCO v1.2.1
Table 1Transition record

credit analysttocredit manager

A credit analyst already meets 30% of what the credit manager role asks for. The move turns on 20 required skills not yet in the profile.

From credit analyst
30%
Overlap1
To credit manager
17 Skills carried over
20 Required, not held
73 Difficulty2
Career overlap Distant match

30%

Learning distance Substantial retraining

73/ 100

1 Share of the credit manager role’s weighted skill requirement already met by the credit analyst profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Why

Why this move works

A credit manager role treats 7 of its required skills as things a credit analyst already does. These are the ones it depends on most.

  • analyse financial risk
  • analyse the credit history of potential customers
  • apply credit risk policy
  • financial statements
  • insolvency law
  • obtain financial information

What stands in the way is 20 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 17 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 a credit analyst background worth leading with.

Skill the target role also needs Area
  • already held analyse the credit history of potential customers information skills
  • already held advise on credit rating communication, collaboration and creativity
  • already held maintain client debt records information skills
  • already held apply credit risk policy assisting and caring
  • already held perform debt investigation information skills
  • already held budget for financial needs management skills

All 17 carried skills, including the 7 the credit manager role treats as required.

Table 3

Table 3 · What you would need to learn

The 32 missing skills fall into 5 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier
01 business, administration and law 6 required, 5 supplementary
  • required, not held corporate social responsibility required
  • required, not held credit control processes required
  • required, not held debt collection techniques required
  • required, not held debt systems required
  • required, not held financial analysis required
  • required, not held financial management required
  • 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 securities optional
02 management skills 6 required, 2 supplementary
  • required, not held create credit policy required
  • required, not held create a financial plan required
  • required, not held enforce financial policies required
  • required, not held handle financial transactions required
  • required, not held manage staff required
  • required, not held strive for company growth required
  • optional, not held perform clerical duties optional
  • optional, not held plan health and safety procedures optional
03 information skills 5 required, 4 supplementary
  • required, not held determine loan conditions required
  • required, not held analyse financial performance of a company required
  • required, not held maintain records of financial transactions required
  • required, not held manage financial risk required
  • required, not held trace financial transactions required
  • optional, not held consult credit score optional
  • optional, not held prepare credit reports optional
  • optional, not held assess financial viability optional
  • optional, not held ensure proper document management optional
04 communication, collaboration and creativity 2 required, 1 supplementary
  • required, not held advise on financial matters required
  • required, not held liaise with managers required
  • optional, not held communicate with banking professionals optional
05 assisting and caring 1 required
  • required, not held follow company standards required
Table 4

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.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 17 skills that carry over
Skill Type
  • already held analyse financial risk skill
  • already held analyse the credit history of potential customers skill
  • already held apply credit risk policy skill
  • already held financial statements knowledge
  • already held insolvency law knowledge
  • already held obtain financial information skill
  • already held synthesise financial information skill
  • already held advise on credit rating skill
  • already held analyse loans skill
  • already held analyse market financial trends skill
  • already held banking activities knowledge
  • already held budget for financial needs skill
  • already held examine credit ratings skill
  • already held investment analysis knowledge
  • already held maintain client debt records skill
  • already held perform debt investigation skill
  • already held tax legislation knowledge
12 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held consult credit score optional
  • optional, not held prepare credit reports optional
  • optional, not held assess financial viability 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 mortgage loans optional
  • optional, not held perform clerical duties optional
  • optional, not held plan health and safety procedures optional
  • optional, not held property law optional
  • optional, not held securities optional
14 held skills the credit manager role does not ask for
Skill Type
  • not needed by the target role accounting knowledge
  • not needed by the target role advise on risk management skill
  • not needed by the target role debt classification knowledge
  • not needed by the target role develop investment portfolio skill
  • not needed by the target role financial engineering knowledge
  • not needed by the target role financial forecasting knowledge
  • not needed by the target role interpret financial statements skill
  • not needed by the target role interview bank loanees skill
  • not needed by the target role interview techniques knowledge
  • not needed by the target role maintain credit history of clients skill
  • not needed by the target role manage securities skill
  • not needed by the target role public offering knowledge
  • not needed by the target role review investment portfolios skill
  • not needed by the target role stock market knowledge
11 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier
  • required, not held corporate social responsibility required
  • required, not held credit control processes required
  • required, not held debt collection techniques required
  • required, not held debt systems required
  • required, not held financial analysis required
  • required, not held financial management required
  • 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 securities optional
Index

Other moves recorded from credit analyst

Full index of moves from credit analyst

Note

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.