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Credit Officers

Descriptions & Duties

  • Credit Officers supervise the collection and analysis of financial data of loan accounts, assess the value of collaterals and maintain an up-to-date credit library for assessment of credit facilities. They evaluate and process loan applications. Credit Officers monitor loan repayment activities and consult solicitors on legal actions to collect loans of doubtful and bad accounts. They conduct enquiries on and keep records of customers' background and history, financial strength and loan commitments, results of company searches, reports from relevant trade and commerce associations, and newspaper clippings and other references. They also attend to requests from financial institutions and other reputable parties on customers' credit standing and general information.

Generic Competencies

Physical Abilities

Physical abilities

  • Physical strength
  • Eye hand coordination / precision / dexterity

 

Importance:1 (Max:5) 

Skill is rarely required

 

Technology Skills

Technology skills

  • Computer literacy
  • Application of technology

 

Importance:4 (Max:5) 

Skill is frequently required

 

Cognitive Abilities

Cognitive abilities

  • Creativity
  • Visualisation
  • Logical thinking

 

Importance:3 (Max:5) 

Skill is basically required

 

Comprehension And Expression

Comprehension and expression skills

  • Reading comprehension
  • Oral / written expression

 

Importance:4 (Max:5) 

Skill is frequently required

 

Social Skills

Social skills

  • Communication
  • Negotiation
  • Persuasion

 

Importance:3 (Max:5) 

Skill is basically required

 

Organisation And Execution Skills

Organisation and execution skills

  • Planning
  • Organising
  • Judgement
  • Decision making

 

Importance:4 (Max:5) 

Skill is frequently required

 

Problem Solving Skills

Problem solving skills

  • Ability to solve simple and complex problems effectively and efficiently

 

Importance:4 (Max:5) 

Skill is frequently required

 

Management Skills

Management skills

  • Leadership
  • Management of finance / time / people / other resources

 

Importance:4 (Max:5) 

Skill is frequently required

 

Trade Specific Competencies

Decision-making skills

Decision-making skills are important for Credit Officers, who must assess an applicants' financial information and decide whether to award loan.

Detail oriented

Credit Officers must pay attention to details when reviewing applications.

General Requirements

Academic qualification

  • A recognised bachelor's degree in business, finance, risk management, statistics or other related disciplines

Career Path & Salary

Private Sector

Monthly Salary $20,000-$30,000

Monthly Salary $40,000-$60,000

Monthly Salary $40,000-$160,000

Work Environment

  • Credit Officers generally work in an office setting. They need to work overtime to meet deadlines.

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