Credit and Loans Officers
Snapshot
Credit and Loans Officers analyse, evaluate and process credit and loan applications.
| Job stats | |
|---|---|
| How many are employed in this occupation? | 32900 |
| What are the average weekly earnings for full time workers ($ before tax)? | $993 |
| How does unemployment compare with other occupations? | below average |
| What is the vacancy level for this occupation? | average |
| What are the job prospects for this occupation? | good |
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
- 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
Job Titles
- Credit or Loans Officer