Consultant, arrears management

Credit and loans officers analyse and evaluate financial information in applications for credit and loans, and approve or decline credit or loans for clients or make recommendations for approval or refusal.

• interviewing applicants for consumer, mortgage, student and business loans;
• researching and evaluating applicants' financial status, references, creditworthiness and ability to repay loans;
• submitting credit and loan applications to the management of financial institutions with recommendations for approval or refusal;
• approving or rejecting applications within authorised limits while observing credit standards;
• keeping payment records and preparing standard letters requesting overdue payments and initiating legal action;
• completing credit and loan documentation.
• Examples of occupations in this unit group:
• Credit officer, bank
• Inspector, bank