International Credit & Risk Management Online Course℠
FCIB’s International Credit & Risk Management online course (ICRM) is a comprehensive, in-depth 13-week course designed to educate entry-level professionals as well as senior-level executives about the intricacies of global credit and risk management.
The course offers vital, up-to-date knowledge in a collaborative, 24 hours/day-accessible learning environment. Peer-to-peer interaction will build, diversify and strengthen a reliable network of professionals while helping you gain an all-encompassing view of credit and risk management.
Drawing from multiple perspectives, the knowledge and hands-on experience provides you a more balanced view of how to better understand, manage and mitigate the credit risks associated with doing business internationally. In simple terms – know the risks of getting paid, and get paid on time. This 13-week course will help you discover some of the best ways to make that happen.
The ICRM course was designed for you, the practitioner, to add value to your professional development, while making you an even more valuable asset to your company.
Early Bird Rate:
FCIB Members - *$950
NACM Members: *$995
Non-Members - *$1,690
Within 30 days of course start date:
FCIB Members - $1,050
NACM Members: $1,150
Non-Members - $1,800
Monday, January 13, 2020- Sunday, April 5, 2020
Early rate deadline Friday, December 13, 2019
Monday, May 15, 2020 - Friday, August 9, 2020
Early Rate Deadline: Friday, April 10, 2020
Monday, August 31, 2020 - Sunday, November 29, 2020
Early Rate Deadline: Friday, July 31, 2020
The 13-week course consists of 10 modules
Module 1: Concept for Successful International Credit Management
- Credit to Cash Cycle
- Selling in the Global Market
- Global Credit Policies and Procedures
- Organizing the Global Credit Department
- Establishing Policies
Module 2: Establishing New Customers
- Critical Concerns
- Credit Approval Process
- Developing a Credit Application
- Country, Currency, and Culture Risks
- Risk Assessment Processes
- Five Key Dimensions of Risk
Module 3: Financial Statement Analysis
- Components of Financial Statements
- How to Use Ratios
- Financial Statement Analysis
- Identifying Problems
- Cultural Factors
Module 4: Risk Mitigation
- Options to Mitigate Risk
- Credit Derivatives
- FX Policy
- Factoring and Forfaiting
- Secured Transactions
- Understanding Trade Credit Insurance
- Export Credit Agencies
Module 5: Payment Terms and Credit Lines
- Credit Lines vs. Credit Limits
- Credit Considerations and Influences
- Establishing and Monitoring Credit Lines
- Evaluating Data Sources
- Setting Exposure Limits
Module 6: Banking and Currency
- Currency Basics
- FX Strategies
- The Risk of Inconvertibility
- Financing Techniques
- Forms of Countertrade
- Credit Management at a Bank
Module 7: Global Payment Mechanisms and Methods
- Payment Agreements
- Open Account
- Documentary Collections
- Payment Processes
- Methods of Financing Trade Shipments
Module 8: Letters of Credit, Guarantees, and Bonds
- Principal Financing Techniques
- Factoring and Forfaiting
- Preventing Countertrade Risks
- Export Credit Agencies
Module 9: Metrics and Benchmarking
- Benchmarking and Performance Measures
- Calculation Methods for DSO
- Receivables Reporting Methods
- Distribution and Performance Measures for Credit Team
- Collections Forecasting
Module 10: Compliance and Legal
- International Trade and Laws
- Credit Department Legal Concerns
- Arbitration and Litigation
- Choosing a Legal Professional
- Export Controls and Compliance
- Corporate Governance
- Gain a powerful network of fellow credit professionals to exchange ideas, knowledge and processes.
- Interact and collaborate with peers through regular communication with other students and an instructor.
- Earn the industry’s most recognized and prestigious lifetime designation – Certified International Credit Professional (CICP).*
- Become a part of the A-Team by growing your skills and expanding your knowledgebase.
- Enjoy better employment and advancement opportunities.
- Gain the knowledge that gives you a competitive advantage over other credit professionals who don't have your depth of training.
* Certification shows your employer and you clients your commitment to them and your profession. Upon achieving the CICP designation, the Education Department of the National Association of Credit Management may award five NACM Career Roadmap points for those pursuing a CBF or CCE designation. CCE designation holders may be awarded two education points toward their recertification.
Credit Manager * Accounts Receivable Specialist * Assistant Credit Manager * Assistant Vice President * Business Development Manager * Chief Financial Officer, Controller, Corporate Credit Manager * Corporate Risk Manager * Director of Credit * Director Credit and Accounts Receivable * Senior Manager Credit and Collections * Global Sales Manager * North American Credit Manager * Senior Credit Analyst * Director of Global Credit
Sample Funding Request Letter
Need help getting funding to attend the International Credit & Risk Management Online Course? The key to having your employer pay for your education is to convince them of the benefits to the company that result from your new skills.
There are a variety of direct benefits of employer-funded education that you should point out to your HR/boss manager if they are not already aware of them. These include increased loyalty, reduced employee turnover, increased productivity levels, and the opportunity to show leadership skills. Use the Sample Letter.
Scholarship assistance is available for FCIB’s ICRM Course, as well as select NACM, CFDD and affiliated association programs. Greater consideration is given to first-time applicants, unemployed applicants, those without corporate financial support for education and applicants with less than 10 years of experience in credit. View scholarship details.
Val Venable, CCE, CICP
Val Venable most recently was the director of credit for Ascend Performance Materials (Houston, Texas), a global supplier of chemicals, nylon and plastics for the automotive, chemicals, electrical, carpet and industrial fibers markets among others. Previously she was the America’s credit manager for SABIC Innovative Plastics, formerly GE Plastics.
With 40 years’ experience as a credit manager, Val has worked in domestic and international credit in the aerospace, steel and metals, marine, chemicals and plastics industries. She is a certified expert witness for defending creditors in Bankruptcy Section 547 Preference Actions, and has testified before the American Bankruptcy Institute committee for bankruptcy reform.
Val served on the national board of directors for the National Association of Credit Management (NACM) for eight years, serving as chairman from 2001-2002. Additionally, she served on and chaired many of the national committees, including budget and finance, honors and awards, government affairs, education and accreditation.
Val is currently a member of NACM Gulf States, having also served on its board of directors. She has led education sessions at the NACM Credit Congress, the metals and steel, and the food services industry day groups and has addressed various CFDD affiliates.
She received the national CCE Designation of Excellence Award in 2006. As a 1994 graduate of NACM Graduate School of Credit and Financial Management, Val received the Distinguished Student Award. And in 2013, Val was honored with the Alice M.H. McGregor Award of Exceptional Achievement.
Over 1,900 credit professionals have earned the prestigious CICP designation since its inception, proudly displaying their CICP credential in signature lines and on business cards. The visibility and recognition of the CICP designation grows in popularity as holders talk about their positive experiences, share and impart knowledge gained through the course. View the list of current CICP holders.
Recognizing that there were no stand-alone academic courses that addressed the basic elements of conducting global credit operations, FCIB led the way in designing a course to address this educational need.
In 2004, in partnership with Michigan State University and the US Department of Commerce, FCIB developed, designed and launched the first course of its kind – the International Credit & Risk Management online course (ICRM).
“Having employees who are professionally certified has increasingly become a symbol of quality that can provide companies with a competitive advantage. Give your company a competitive advantage and sign up for the International Credit & Risk Management course.” - FoodOne, Division of Seafax, Inc.
“The CICP program offered by FCIB exceeded my expectation. It is very engaging and challenging. If you are interested in or currently managing international credit, the CICP program is an indispensable and invaluable program to add to your arsenal”. - BASF East Asia Regional Headquarters Ltd
ICRM students who withdraw before the end of week four are eligible for 50% of their tuition fee to be applied only to the next course session.
Registration fees, less a $50 processing fee, will be refunded for written cancellations received 21 days before the course start date. No refunds for cancellations within 21 days of the course start date. Substitutions are permitted.
Visit our frequently asked questions for answers to questions including login instructions, participation hours, course materials and CICP exam information.