Credit and Loans Officers (Aus) / Finance Clerks (NZ) (ANZSCO 5522)

Credit and Loans Officers (AUS) / Finance Clerks (NZ) are professionals who are responsible for analyzing, evaluating, and processing credit and loan applications. They play a crucial role in the financial sector by assessing the creditworthiness of individuals and businesses and determining their eligibility for loans and credit.

Indicative Skill Level:

Most occupations within the Credit and Loans Officers (AUS) / Finance Clerks (NZ) unit group require a certain level of skill, which can be acquired through qualifications and experience. The skill level for this occupation is outlined below:

In Australia:

• AQF Certificate III, which includes at least two years of on-the-job training, or
• AQF Certificate IV, or
• At least three years of relevant experience (ANZSCO Skill Level 3)

In New Zealand:

• NZQF Level 4 qualification, or
• At least three years of relevant experience (ANZSCO Skill Level 3)

In some cases, additional on-the-job training and/or relevant experience may be required in addition to formal qualifications.

Tasks Include:

• Analyzing information about customers and examining references, credit ratings, investment risks, pay slips, and other relevant information against predetermined policy standards
• Contacting financial and credit institutions to gather information about customers
• Preparing documentation outlining the conditions of credit and loans, repayment rates, loan periods, and providing information about customers' financial standing to financial and credit institutions
• Authorizing the approval of credit and loan applications, as well as recommending credit and loan conditions and limits
• Keeping records of payments and preparing routine letters to request payment for overdue accounts, and forwarding these for legal action if necessary
• Responding to inquiries regarding customers' credit standing, loan balances, and penalties
• May recommend, approve, and arrange mortgages
• May work in a call center

Occupation:

• 552211 Credit or Loans Officer (Aus) / Finance Clerk (NZ)

Alternative Titles:

• Lending Consultant
• Loans Consultant
• Loans Officer

Overall, Credit and Loans Officers (AUS) / Finance Clerks (NZ) play a vital role in the financial industry by assessing credit and loan applications, ensuring compliance with policies and regulations, and providing valuable financial information to customers and financial institutions.