This is one in a series of introductory texts by Coyle on financial risk management. Each book in the series is practical and very well written. You can read any of them in a sitting or two. I recommend them for anyone new to their respective topics. They are excellent books to make available to new hires.

Framework for Credit Risk Management details how a credit function should operate in a lending or trade credit environment. It covers policies and procedures as well as the many steps that can be taken to mitigate credit exposures. Topics include: credit vetting; the credit cycle; assessing the performance of a credit department; security, guarantees and covenants; secure methods of payment; credit insurance and factoring.