Occupation

531231 Credit or Loans Officer

Latest release
OSCA - Occupation Standard Classification for Australia
Cite
Reference period
2024, Version 1.0

531231 Credit or Loans Officer

Analyses, evaluates and processes credit and loan applications.

Alternative titles

  • Credit Analyst
  • Lending Consultant
  • Loans Consultant
  • Loans Officer

Skill level: 3

Main tasks

  • Analyses information about customers, and examines references, credit ratings, investment risks, pay slips and other information against predetermined policy standards
  • Contacts financial and credit institutions to obtain information about customers
  • Prepares papers setting out conditions of credit and loans, rates of repayments and loan periods, and provides information about customers' standing to financial and credit institutions
  • Authorises the approval of credit and loan applications, and recommends credit and loan conditions and limits
  • Keeps records of payments, and prepares routine letters requesting payment for overdue accounts and forwards these for legal action
  • Answers enquiries concerning credit standing of customers, loan balances and penalties
  • May recommend, approve and arrange mortgages