Career - Credit Officer

Credit Officers will assess loan requests or commercial credit applications through interviews with applicants and by checking application forms, references, credit ratings, credit scores, pay slips and other information and will approve or recommend approval of loans and commercial credit applications within policy guidelines. They will prepare documents setting out conditions and periods of loans, as well as rates of repayment, and, in a commercial area, the setting out of trading terms and also prepare reports of loans and accounts that have outstanding (unpaid) amounts. They need to keep records of arrears (behind in payments) and prepare routine letters or make telephone calls requesting payment. They will also prepare statements of overdue accounts and forward these for legal action. They will prepare reports on credit ratings of customers and will answer enquiries concerning loan balances or commercial accounts, penalties and the credit standing of customers.

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