Is credit manager profile suitable for ca?

This query is : Resolved

Guest

Guest (Querist)

06 December 2012 Dear Experts,

I want to know is there any scope for CA in credit manager profile??.
If one wants to join banking industry which Dept is suitable for CA ?

CA N RAJA

CA N RAJA (Expert)
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07 December 2012 Credit Analysis is suitable for CA in Banking Field.

It will involve extensive analysis of Financial Statements. Also CA will have opportunity to prepare Cash Flows, Cash Budgets, Fund Flow Statements, Reviewing Stock Audit Reports, Analysing Various Business Models, understanding market conditions, etc.

Credit Manager Profile will add weightage to CV say for 3-5 years. It will give an overall view of various industries.

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Guest

Guest (Querist)

07 December 2012 Thank you sir for replying to my query.
Actually the thing is one of my cousin is a fresh CA and has got an offer from bank for credit manager in home loans process ..so is it advisable for him to join this position as CA?

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CA N RAJA

CA N RAJA (Expert)
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07 December 2012 Home Loan Process in the short run may be ok...but beyond 1-2 years it will become routine and thr may not be any value addition...if bank promises change in role to Corporate Credit, it will be interesting and challenging for a CA.

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Guest

Guest (Querist)

07 December 2012 Thanks sir that was i really wanted to know. :-)