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Level 5 Qualification in Credit and Collections

The Level 5 Diploma offers essential knowledge about key credit management areas and an increased ability to innovate, lead teams and operate in complex business environments. The qualification demonstrates a high level of knowledge and expertise in credit management and the ability to maximise the efficiency of the credit function. 

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What will I learn?

  • Advanced knowledge about Credit, Collections and the wider business environment.
  • Strategic Planning
  • Compliance with legal, regulatory, ethical & social requirements
  • Advanced Credit Risk Management
  • Process Improvement
  • Strategic Communications & Leadership
  • Legal Proceedings & Insolvency. 
  • The qualification gives both theoretical and practical skills and establishes a clear commitment to career development and progression.
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What will I gain?

  • If you pass four awards you will gain the Level 5 Diploma in Credit & Collections Management.
  • Eligibility to Graduate Membership of the Chartered Institute of Credit Management and to the professional letters MCICM(Grad)
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Who is it for?

  • This course is for
  • Credit controllers
  • Credit analysts
  • Department managers or team leaders who would like to move to more senior roles
  • Experienced credit managers who need to consolidate their experience with qualifications.
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Can I get exemptions from units?

Yes, if you have passed qualifications with similar content at an equivalent or higher level, you may be eligible for an exemption.

Are you eligible for an exemption?

Recognition of prior learning

The CICM accredits prior learning, and learners may apply for an exemption for one or more units if they have passed a relevant subject in an equivalent qualification.  This must be at the same or a higher level.

A request for exemption should be made in writing on registration with the CICM, and be supported by copies of certificates and official confirmation of the subjects or units passed.  It may also be necessary to provide syllabus details so that the Institute can determine the degree of match between the qualifications being considered and its own units.

Examination exemptions will not be awarded for units where a candidate has previously sat and failed that unit in an CICM examination.  Also, only the CICM can advise on eligibility for exemptions.  Exemptions are not valid until the relevant fee has been paid.

For further information please contact [email protected]

 

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How am I assessed?

To gain the Level 5 Diploma, you must pass four awards (units) assessed by written assignment

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How to get started

Choose a preferred study method

Choose a preferred study method that works best for you:

See the costs and packages

Review the costs and packages of your chosen study method and level of Qualification.

Book your course

Once you know your chosen study method and have seen the costs of your desired package, you can begin booking your course through the preferred study method.

Book your course

Study this course with either Virtual Classes, Learning Support Service or completely independently

Book

 

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See all Level 5 Units

Level 5 Units

Advanced Credit Risk Management

The unit aims to build high level knowledge and skills in advanced credit risk management.

Compliance with legal, regulatory, ethical and social requirements

The unit aims to develop the ability to evaluate compliance with legal, regulatory, ethical and social requirements for own area of responsibility

Strategic Planning

The unit aims to develop the ability to map the environment in which a business operates and benchmark operational performance in a way which raises strategic planning and communication skills

Legal proceedings and Insolvency

This unit aims to develop an understanding of legal proceedings and insolvency in relation to the collection of debt.

Strategic Communications and Leadership

The unit aims to build leadership skills through a theoretical and practical understanding of strategic communications

Process Improvement

The unit aims to develop the ability to monitor, review and improve business processes in own area of responsibility.

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Why choose CICM Qualifications?

 

CICM Qualifications are regulated by Ofqual, Qualification Wales and, CCEA (Regulations) and available in Apprenticeships or a range of study options, as well as the Education and Skills Funding Agency (ESFA) for End Point Assessment (EPA).

As a CICM learner, you prove your commitment to upholding the highest professional standards and to raise personal performance.

 

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Frequently asked Questions

 

What Level of Qualification is right for me?

How to choose your CICM Qualification level:


Level 2 CICM Qualifications

These are referred to as "Entry Level" CICM Qualifications. They are the benchmark for credit controllers, collectors and enforcement agents working in operational roles, with little or no experience in the profession.


Level 3 CICM Qualifications

These are referred to as the "Intermediate" CICM Qualifications. They are the benchmark for credit controllers and collectors working in senior operational roles.


Level 5 CICM Qualifications 

These are referred to as the "Advanced" CICM Qualifications. These are the benchmark for credit and collections professionals at a managerial or strategic level.

How do I get a CICM Qualification?

How do I get a CICM Qualification?

CICM's Credit Management and Qualifications will require learners to pass awards that contribute to their overall qualification.

 

How long does it take to get a CICM Qualification?

How long does it take to get a CICM Qualification?

There's never a wrong time to start a Credit and Collections Qualification. CICM Qualifications are completely flexible and we will work closely in supporting you to achieve your results.

 

What should I do after a Level 5 Qualification?

What comes after a Level 5 Qualification?

What are the next steps after a Level 5 Qualification in Credit Management and Collections? It's more important than ever to ensure that you continue your professional development and keep your skills sharp. Take a look at our CICM Training options, filled with Credit and Collections training courses to help you with your continuous development.

 

Are you eligible for an exemption?

Recognition of prior learning

The CICM accredits prior learning, and learners may apply for an exemption for one or more units if they have passed a relevant subject in an equivalent qualification.  This must be at the same or a higher level.

A request for exemption should be made in writing on registration with the CICM, and be supported by copies of certificates and official confirmation of the subjects or units passed.  It may also be necessary to provide syllabus details so that the Institute can determine the degree of match between the qualifications being considered and its own units.

Examination exemptions will not be awarded for units where a candidate has previously sat and failed that unit in an CICM examination.  Also, only the CICM can advise on eligibility for exemptions.  Exemptions are not valid until the relevant fee has been paid.

For further information please contact [email protected]

 

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