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