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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

Related Education & Training

Work Environment

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

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