12 Jan 2024
by Iain Young MCICM(Grad), Mary Delahunty MCICM (Grad)

4 Course units for Credit Managers and Debt Collectors

If you're reading this, you're likely thinking about what opportunities are available in Credit Management and Debt Collections to continue your professional development and advance your career.

Our internationally recognised, Ofqual regulated qualifications provide an excellent way to develop your career, boost your earning potential and gain formal recognition for your skills, knowledge and expertise. In this blog we will explore some of the course units and study options on offer that can help you fulfil your potential and unlock exciting opportunities in the world of credit management and debt collection.

The perfect course for Credit Management Trade, Export and Consumer

The CICM "Credit Management Trade, Export, and Consumer" course unit provides an understanding of the concepts, processes, and techniques that underpin best practices across a range of credit environments. It equips you with the knowledge and skills to navigate the intricacies of credit management in various domains, from trade and export to consumer credit. This course is the cornerstone of a well-rounded credit management education and can be taken at Level 2 or Level 3, equivalent to GCSE or A-Level.

Setting the fundamentals with the Accounting Principles course

"Accounting Principles" is a course unit that aims to develop a strong understanding of fundamental accounting principles and techniques for those working in credit management-related areas. As well as building covering on the foundations, you will explore financial statements and financial reporting, budgetary control and assessing business performance to develop highly applicable skills and knowledge.

 

Courses if you work in Credit Risk

The "Credit Risk Management" course unit is designed to enhance your credit risk management knowledge and skills as an advanced credit controller and debt collection specialist. In the world of credit management, risk is ever-present. This course unit equips you with the tools to identify, assess, and mitigate credit risks, ensuring your organisation's financial stability. If you’re a Credit Risk Analyst looking for something that could start fits well with your role on a CICM Qualification, then this unit could be is the perfect starting point for you a great choice as part of your CICM qualification.

 

Advanced Collections

The "Advanced Collections" is a course unit that takes your collection knowledge and skills to the next level, catering to the demands of advanced credit controllers and debt collection specialists. Effective collections are crucial for maintaining a healthy cash flow and reducing bad debt. This course unit helps you master and critically assess advanced collection strategies and techniques and places a tangible focus on the timely recovery of outstanding debt whilst maintaining positive customer relationships.

Flexible Study Options

Whether you would prefer participating in our lively and interactive online Virtual Classes, having one-to-one expert tutor support through our Learning Support Service or working independently, we have study methods that will work for you. Find out more about each method, associated costs and packages.

The credit management and debt collection units courses outlined here are only a selection of what is available, and you can find out more about CICM qualifications by looking at our website. By developing your skill base and gaining industry-wide recognition, becoming CICM qualified represents a fantastic investment in your future success.

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