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Credit? I Had No Idea What That Entailed ...
... until I became an accounts receivable clerk at a lumber company. The owner asked me to attend trade group meetings after the credit manager left. They decided not to replace her--and that was my first step into the credit world. This was back in 1984; and far from my original goal of becoming a real estate appraiser. I had already obtained my real estate license and was working with a bank appraiser willing to train me, in hopes that I would be hired when the bank had an opening. However, I needed to get a full time job--which landed me in the accounts receivable department of a lumber company.
Career Direction Came In The Form Of A Job
I attended Eastern Oregon College in LaGrande, Oregon for two years; but I left, as I could not decide on a major. My plan was to enter the working world, thinking that would help me decide on a major; then return to school. I did return--but it was college classes offered through work-related education programs. And the NACM CAP Course, which I found out about after I had joined the Credit and Financial Development Division (CFDD), was the most rewarding. I met people who had made very successful careers in the credit profession, and for whom I had a very high regard. Because of CFDD and the classes, I gained confidence in my ability to be a credit professional and found the courage to apply for the position of Regional Credit Manager with Gensco, Inc., and got it!
Been There, Done It For 22 Years!
I've had a total of 22 years in credit; and have seen a lot of changes--mostly in technology. Credit scoring, online credit reports, trade groups, NACM's Resource Library, a trade group alert program and the mentor program are all tools that enable the credit manager to keep pace with the ever-increasing speed at which business is transacted. I think credit will become more and more automated regarding day-to-day transactions, and that experienced credit professionals will be reserved for more complex transactions in credit and risk management.
Looking Back