Description
Analyses, evaluates and processes credit and loan applications. May work in a call centre.
Skill Level
3
Alternative Titles
- Lending Consultant
- Loans Consultant
- Loans Officer
Specializations
NULL
Skills Assessment Authority
Caveats
Group: 5522 Credit and Loans Officers (AUS) or Finance Clerks (NZ)
Description
CREDIT AND LOANS OFFICERS (AUS) / FINANCE CLERKS (NZ) analyse, evaluate and process credit and loan applications.
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
Skill Level
Most occupations in this unit group have a level of skill commensurate with an AQF Certificate III including at least two years of on-the-job training, or AQF Certificate IV (ANZSCO Skill Level 3).
At least three years of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.