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Unit Group

5312 Credit and Loans Officers

OSCA - Occupation Standard Classification for Australia
Reference period
2024, Version 1.0

5312 Credit and Loans Officers

Analyse, evaluate and process credit and loan applications.

OSCA skill level

The occupations in this unit group have a skill level corresponding to the qualifications and experience below.

  • Skill Level 3: AQF Certificate III including at least two years of on-the-job training, AQF Certificate IV, or at least three years of relevant experience
Occupation

531231 Credit or Loans Officer

Analyses, evaluates and processes credit and loan applications.

Alternative titles

  • Credit Analyst
  • Lending Consultant
  • Loans Consultant
  • Loans Officer

Skill level: 3

Main tasks

  • Analyses information about customers, and examines references, credit ratings, investment risks, pay slips and other information against predetermined policy standards
  • Contacts financial and credit institutions to obtain information about customers
  • Prepares papers setting out conditions of credit and loans, rates of repayments and loan periods, and provides information about customers' standing to financial and credit institutions
  • Authorises the approval of credit and loan applications, and recommends credit and loan conditions and limits
  • Keeps records of payments, and prepares routine letters requesting payment for overdue accounts and forwards these for legal action
  • Answers enquiries concerning credit standing of customers, loan balances and penalties
  • May recommend, approve and arrange mortgages