Credit and Loans Officer Careers

Ideal for

“I am curious and love to construct things. If you wanted the tallest and strongest tower made of spaghetti and marshmallows, ask me, I love a challenge! I like to understand the theories that sit behind the design and creativity of things and how they are made. When I think about my skills and the type of work I’d like to get into, it would definitely be something that blends maths, science and engineering and art. Chimpanzees are great at creative problem solving with others, and I dig that!”

“I am a person who loves knowledge and sharing information, whether it’s teaching people a different language, sharing totally random facts or explaining how gravity works (even if you didn’t want to know). I’ve got pretty good skills in reading, writing, communicating and I LOVE learning. Unlike people who like to use their hands, I am all about policies, theory and research and want to use these skills in business or education settings to help share what I know with others – sharing is caring right? Dolphins love to learn and also educate others: follow their lead!”

Overview

Credit and Loans Officers analyse, evaluate and process credit and loan applications.

Job Titles

mdi-briefcase-variant Credit or Loans Officer

Job Tasks

This occupation may include associated occupations with varying tasks.

analysing information about customers and examining references credit ratings investment risks pay slips and other information against predetermined policy standards
contacting financial and credit institutions to obtain information about customers
reparing papers setting out conditions of credit and loans rates of repayment and loan periods and providing information about customers' standing to financial and credit institutions
authorising the approval of credit and loan applications and recommending credit and loan conditions and limits
keeping records of payments and preparing routine letters requesting payment for overdue accounts and forwarding these for legal action
answering inquiries concerning credit standing of customers loan balances and penalties
may recommend approve and arrange mortgages
may work in a call centre
This occupation may include associated occupations with varying tasks.
analysing information about customers and examining references credit ratings investment risks pay slips and other information against predetermined policy standards
contacting financial and credit institutions to obtain information about customers
preparing papers setting out conditions of credit and loans rates of repayment and loan periods and providing information about customers' standing to financial and credit institutions

authorising the approval of credit and loan applications and recommending credit and loan conditions and limits
keeping records of payments and preparing routine letters requesting payment for overdue accounts and forwarding these for legal action
answering inquiries concerning credit standing of customers loan balances and penalties
may recommend approve and arrange mortgages
may work in a call centre

Training & Qualifications

Vocational education & training (VET)

Cert IV in Credit Management

Short Courses Available

Certificate III in Mercantile Agents
Diploma of Credit Management

More about VET

Industry

Banking & Financial Services

If you think you would like to organise, analyse and check the accuracy of financial information, or to offer advice on insurance or financial products, then you should consider a career working in Banking & Financial Services. Qualifying for a role in this sector could see you in charge of preparing budgets, financial statements, tax returns, audits and reports, managing the payroll of a large company, maintaining customer databases, ensuring procedures comply with government regulations, or participating in the development of business plans. Other roles in the Banking & Financial Services sector focus on customer service and on matching products to clients’ needs. While work in Banking & Financial Services usually takes place in an office environment, some people are able to do part of their work at home, due to the growth of remote technological capabilities. The career possibilities in finance and insurance are very broad, with plenty of scope for work across a variety of businesses. Let’s face it, most companies need financial services of some kind! And due to shifting global financial conditions, this industry is undergoing rapid changes, making it a very exciting time to get involved.

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Credit and Loans Officers

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