UNIT GROUP 5522 CREDIT AND LOANS OFFICERS (AUS) / FINANCE CLERKS (NZ)

CREDIT AND LOANS OFFICERS (AUS) / FINANCE CLERKS (NZ) analyse, evaluate and process credit and loan applications.

Indicative Skill Level:
Most occupations in this unit group have a level of skill commensurate with the qualifications and experience outlined below.

In Australia:

AQF Certificate II or III (ANZSCO Skill Level 4)

In New Zealand:
NZ Register Level 2 or 3 qualification (ANZSCO Skill Level 4)

At least one year 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.

Tasks Include:

• 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

Occupation:
552211 Credit or Loans Officer (Aus) / Finance Clerk (NZ)

Alternative Titles:
Lending Consultant
Loans Consultant
Loans Officer

Analyses, evaluates and processes credit and loan applications. May work in a call centre.

Skill Level: 4