Credit Officer Duties & Responsibilities

The role and function of a Credit Officer includes the following duties and responsibilities:

  • Review loan requests
  • Assess clients’ financial status
  • Evaluate creditworthiness and risks
  • Contact clients to gather financial data and documentation
  • Maintain updated records of loan applications
  • Follow up with clients about loan renewals
  • Monitor progress of existing loans
  • Analyze risks and approve or reject loan requests
  • Calculate financial ratios (e.g. credit scores and interest rates)
  • Set up payment plans

Note that this is not an exhaustive list of Credit Officer duties and responsibilities. Job functions for specific Credit Officer roles may vary, depending on the industry and type of employer.

Related

Credit Officer Job description

Credit Officer Salary in Nigeria

Credit Officer Interview questions

Credit Officer Cover letter

Credit Officer CV

Credit Officer Jobs in Nigeria

Similar job descriptions

Cost Analyst job description

Investment Banker job description

Private Banker job description

Credit Specialist job description

Personal Banker job description

Risk Analyst job description

Pensions Consultant job description

Equity Trader job description

Finance Officer job description

Transfer Agent job description

Credit Manager job description

Financial Controller job description

Finance Manager job description

Financial Manager job description

Investment Analyst job description

Risk Manager job description

Finance Assistant job description

Recovery Officer job description

Bank Teller job description

Teller job description