Analyses, evaluates and processes credit and loan applications. May work in a call centre.
Skills Assessment Authority
No caveats apply to this occupation.
Group: 5522 Credit and Loans Officers (AUS) or Finance Clerks (NZ)
CREDIT AND LOANS OFFICERS (AUS) / FINANCE CLERKS (NZ) 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
Most occupations in this unit group have a level of skill commensurate with the qualifications and experience outlined below.
AQF Certificate III including at least two years of on-the-job training, or AQF Certificate IV or at least three years of relevant experience (ANZSCO Skill Level 3)
In New Zealand:
NZQF Level 4 qualification, or at least three years of relevant experience (ANZSCO Skill Level 3)
In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.