Credit officers help people navigate a financial institution’s loan application process. They also help borrowers who have hit hard times find a payment solution. Credit officers are employed by the financial industry. They can specialize in certain types of loans, such as personal loans, commercial loans, student loans, mortgages, or auto loans.
- Performs semi-annual account credit limit reviews and credit increase review requests from financial service and sales teams
- Prepares loan application and educates clients about the terms and conditions of the loans the company offers
- Evaluates credit and investment risks of loans, guarantees and investment activities
- Recommends approval or disapproval of commercial, real estate or credit loans
- Identifies, formulates, and reviews financial and credit risk management policies and ensure that appropriate systems, procedures, and guidelines are in line with best banking practices
- Analyzes applicants’ financial status and credit and property evaluations to determine loan feasibility
- Keeps in touch with clients for gathering financial services documentation and other required documents
- Bachelor’s degree in Accounting, Banking, Economics, Finance or related field
- Proven work experience as a Mortgage Loan Office, Credit Manager or a similar position in the Accounting Department
- Master’s degree or higher in risk management, finance, or other related fields
- With a general understanding of how the Credit and Collections Operations works
- Basic Working Understanding of How to Operate a Computer and General Office Equipment (Telefax, Scanner, Photocopier, Printer)
Skills needed for this role
Credit Officers must have proven skills and working experience in credit risk assessment . They must have a solid understanding of credit and risk management, detail-oriented, quantitative analysis skills would be an advantage.
1-4 Years Experienced Employee