Jan 19, 2022
Written By: Rod Wheeland, CCE
What’s the value of a professional designation? The NACM program has several designations – CBA, CBF, and CCE – which are broadly recognized in the financial world as indications of professional excellence and contemporary knowledge of credit operation strategies and trends for the future. These designations are based on a broad study of trade credit topics, including the business operating cycle, the credit and accounts receivable processes, the analysis of financial statements, and the legal environment, including business and credit law, followed by testing to confirm professional knowledge in these areas. As NACM notes, these classes provide:
- Expanded Knowledge: By reading, studying, and preparing for the exams, you’ll gain a thorough, up-to-date understanding of every aspect of credit management, including a look at future trends and strategies essential to your success.
- Career Opportunities: Certification tells employers that you are motivated, accomplished, and current in your knowledge of credit management skills. It indicates that you are actively working to maintain high standards in the field.
- Heightened Professional Recognition: NACM’s professional designations attest to experience, knowledge, ability, accomplishment, leadership, and contributions to the credit and financial fields. Designations raise the level of respect among colleagues in business credit management and between professionals in the financial community.
And, as NACM has noted, the average compensation of the certified professional is 6% higher than average. NACM Commercial Services strongly supports this program with the required classes offered each year, with assistance in registration and completing the required roadmap, and with designation exam preparation sessions before each testing date. For more information, contact Shawna Kelly, Education Coordinator, skelly@nacmcommercialservices.org orb971-230-1202.
Rod Wheeland served as the senior executive of NACM Commercial Services and predecessor companies for twenty-three years. He has worked in and around trade credit for four decades, and before coming to NACM in 1995, he was Corporate Credit Manager for Pendleton. Rod served for seven years on the NACM Commercial Services Board of Directors, which he chaired in 1991-92. He chaired the National Presidents Credit Council (Riemer), an association of present and past presidents of eighty national industry credit groups, and he’s a past chairman of the NACM Affiliate Secretarial Council, which represents NACM Affiliates on the NACM National Board of Directors. Rod has a master’s degree from York University in Toronto, a bachelor’s degree from Eastern Washington University in Spokane, and achieved CCE certification in 1991 and the CAE in 2007.