Credit Manager Salary in South Africa

Professionals working as Credit Manager in South Africa earn an average monthly salary of R60 001. The salary range typically spans from R35 000 for entry-level positions to R675 000 for experienced professionals. This finance role shows strong market potential with 5% projected growth and high industry demand.

Credit Manager Salary Breakdown

Oversees and manages an organization's credit policies, procedures, and risk assessment processes. This role involves setting credit limits, evaluating customer creditworthiness, managing collections, and ensuring compliance with financial regulations to minimize bad debt and optimize cash flow.

Salary Component	Amount (Monthly)
Minimum Salary	R35 000
Average Salary	R60 001
Maximum Salary	R675 000
Category	Finance
Growth Rate	5%
Market Demand	High

Requirements & Qualifications

Bachelor's Degree in Finance, Economics, Accounting, or a related field

Proven experience in credit management or a senior credit analysis role

Strong knowledge of credit risk assessment models and financial analysis

Excellent leadership, team management, and negotiation skills

Proficiency in credit management software and ERP systems

Ability to develop and implement effective credit policies

Strong communication and problem-solving abilities

Understanding of relevant financial regulations and compliance

Related Careers in Finance

Career Title

Avg Salary