Credit and Loans Officer

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

Overview

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

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.

In this page

Occupation snapshot

Average salary

$1,295 / week

Current vacancies

Future demand

Stable

Primary industries

Apprenticeships may be available

You can work as a Credit or Loans Officer without formal qualifications, however, they may be useful. Some workers have Vocational Education and Training (VET) or university qualifications in areas such as banking and finance, accounting, business and management or management and commerce.
Take a Certificate IV in Credit Management

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