Credit Officer
We are looking for a Credit Officer to facilitate lending for our clients by assessing creditworthiness and processing relevant paperwork.
Credit Officer responsibilities include preparing loan applications, evaluating clients financial information and calculating risk ratios. To be successful in this role, you should have a good understanding of lending procedures and customer service experience.
Ultimately, you will help our clients acquire loans in a timely manner, while ensuring we comply with the law.
skills
- Proven work experience as a Credit Officer, Loan Officer or similar role
- Hands-on experience with lending procedures and products
- Ability to create and process financial spreadsheets
- Strong analytical skills
- Customer service experience
- BSc in Banking and Finance, Economics or related field
Responsibilities
- Evaluate loan applications and assess credit risk, including reviewing financial statements, credit reports, and other relevant information.
- Analyze loan portfolios and monitor performance, including identifying and mitigating risks.
- Ensure compliance with lending policies and regulations, including underwriting guidelines, anti-money laundering regulations, and fair lending practices.
- Manage loan disbursements and collections, monitor repayment schedules, and follow up on delinquent accounts.
- Communicate effectively with loan applicants, borrowers, and other stakeholders, including providing feedback and guidance throughout the loan application process.
- Develop and maintain relationships with other lending institutions and service providers.
- Identify and recommend process improvements and best practices.
- Assist with other lending and credit functions as needed.
