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​So, You Want to Be a Credit Manager? Here's What You Need to Know

​​So, You Want to Be a Credit Manager? Here's What You Need to KnowCredit Management isn’t just about chasing payments — it’s about protecting the lifeblood of a business: cashflow. To help future finance leaders get a real feel for what it’s like to step into a Credit Manager role (and thrive!), we asked current Credit Manager, Philip Holborough to share their honest thoughts in our Voices of Transactional Finance Leaders Series. In this article, Philip talks about everything from the challenges he’s faced along the way, to the skills and attitudes that really make a difference. He also gives a glimpse into how the role is changing, what impact technology like AI might have, and why having a "bulldog attitude" could actually be one of your biggest assets. Whether you're just starting out or aiming for the next step in your career, their advice is packed with real-world lessons you won’t want to miss.​What do you think future leaders should prioritise or focus on most in order to successfully make themselves appointable as a Credit Manager?Debtor payment trends. Regardless of industry the key to successful Credit Managers is analysis of payment performance – this is often the biggest tell-tale sign of potential payment issues in the future.​What are both the best and the most challenging aspects of being the Credit Manager of a fast-paced business? Blending Credit with Sales. Often the two don’t mix well – but open, frank and honest conversations where clarity of objectives is understood on both sides will help in a very challenging environment.​What are your opinions about the relationship between a Credit Manager and the FC/CFO and CEO? What is critically important in building a successful partnership and providing the right support to the FC/CEO/CFO? A good CFO will recognise the importance of a Credit Manager – not always the case with CEO as they are often more strategic and commercial in their approach and less likely to be open to credit conversations over sales performance.​What new key skills or attributes do you think the next generation of Credit Managers are going to need to develop? Tenacity. Both internally and externally. “The squeaky wheel gets the oil!” Don’t be afraid to offer opinions based on gut instinct and past experience. You will earn the respect of the business very quickly if you are able to nail your colours to the mast! ​Are new technologies like Artificial Intelligence having much of an impact on your role as Credit Manager yet? What impact do you think they will have over the next few years? AI frightens me – but I recognise the importance of some labour-saving aspects. A computer will never get someone to pay a bill – only a human voice can do that.​Is it possible to maintain a reasonable work life balance at Credit Manager Level or do you have to accept that there will be personal sacrifices in order to progress to that level?Clear boundaries are very important. CM can be a stressful occupation – you must be able to separate these to ensure no burn out!​Away from core credit knowledge, what personality traits have been critical to your success as a Credit Manager? Are these natural or have you worked on developing them?The willingness to not let go! Bull dog attitude – obviously with respect to the customer and the wider business. Don’t give up.​What is the one single best piece of advice you were given early in your career that still holds true today? “Show me the money!” Cashflow is critical to any business large or small – the Credit manager is the custodian of this process.​If there’s one thing Philip’s advice makes clear, it’s that being a great Credit Manager is about a lot more than just ticking boxes. It’s about sharp instincts, real tenacity, clear communication, and a relentless focus on cashflow — all while building strong relationships across the business. The role might change over time, especially as new technologies come into play, but the core principles stay the same: know your numbers, trust your gut, speak up when it matters, and never lose sight of the bigger picture. For anyone thinking about a career in Credit Management (or already on the way), these lessons are pure gold. Take them on board, keep learning, and remember — the best Credit Managers aren’t just protecting the cash, they’re helping to drive the whole business forward. ​​Looking for your next career move in finance or accountancy? At Sharp Consultancy, our expertise lies in matching your potential with the perfect temporary, interim, or permanent position. With a well-established presence in Leeds and Sheffield, our seasoned team of consultants extends their services across Yorkshire and beyond. Don't wait for opportunity to knock, reach out to us TODAY and let's chart your career path together. ​

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Qualified Finance

Qualified Finance Jobs in Sheffield

​Qualified Finance Jobs

The Path to Success with a Career in Qualified Finance

The finance sector is a cornerstone of the global economy, driving decisions that influence businesses, markets, and individual wealth. A career in qualified finance offers unparalleled opportunities for professional growth, stability, and influence. Whether steering corporate strategies or providing personal financial guidance, professionals in this field are vital to managing economic challenges and fostering growth.

What is Qualified Finance?

Qualified finance refers to financial expertise gained through recognised certifications, such as Chartered Accountant (ACA), Chartered Financial Analyst (CFA), or Association of Chartered Certified Accountants (ACCA). These qualifications validate an individual’s technical competence, ethical understanding, and practical experience. They are essential for those seeking to excel in roles that require precision, strategic thinking, and adaptability.

Skills Required for Qualified Finance Professionals

To thrive in a qualified finance career, individuals must develop a blend of technical and soft skills:

  • Analytical Thinking: A sharp analytical mindset enables professionals to interpret complex financial data, identify trends, and make data-driven decisions.

  • Attention to Detail: Precision is critical when managing financial reports, audits, and compliance. Errors can have far-reaching implications.

  • Problem-Solving: Finance professionals must devise innovative solutions to challenges like cost management, investment risks, and fluctuating markets.

  • Communication Skills: Articulating financial insights to non-financial stakeholders is essential for fostering understanding and driving collaboration.

  • Adaptability: As the financial landscape evolves, professionals must stay updated with regulatory changes, emerging technologies, and global market dynamics.

  • Ethical Awareness: A commitment to ethical practices and transparency is foundational for maintaining trust and integrity in finance roles.

Career Growth Potential in Qualified Finance

The career trajectory in qualified finance is both rewarding and expansive, with roles spanning various industries and sectors. From entry-level positions as financial analysts or accountants, professionals can progress to senior roles such as Chief Financial Officer (CFO), Financial Director, or even partner in prestigious firms.

The demand for qualified finance professionals is high, with their expertise sought in fields like investment banking, corporate finance, financial consultancy, and risk management. Additionally, the advent of fintech has created new opportunities in areas such as blockchain, artificial intelligence, and data analytics.

The global nature of finance also enables professionals to explore international career opportunities, particularly in financial hubs like London, New York, and Singapore. Certifications like the CFA and ACCA are globally recognised, opening doors to diverse markets and industries.

Why Choose a Career in Qualified Finance?

Pursuing a career in qualified finance offers a stable and lucrative path. The sector's competitive salaries, coupled with opportunities for continuous learning, make it an attractive choice for ambitious professionals. Moreover, the chance to make a tangible impact—whether through optimising corporate strategies or helping individuals achieve financial security—adds a sense of purpose and fulfilment to the role.

In conclusion, a career in qualified finance is not just a job; it’s a gateway to professional excellence and meaningful contribution. By mastering the necessary skills and staying committed to ethical practices, finance professionals can unlock boundless career growth and remain indispensable to businesses and economies worldwide.

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