Credit Officer Job Description

What is the job description of a Credit Officer? What are the duties and responsibilities of a Credit Officer? What does a Credit Officer do?

Job description of a Credit Officer

Credit officers, also known as loan officers, help people navigate a financial institution’s loan application process. Credit Officers facilitate lending for clients by assessing their creditworthiness and processing relevant paperwork.

This Credit Officer job description example includes the list of most important Credit Officer duties and responsibilities as shown below. It can be modified to fit the specific Credit Officer profile you're trying to fill as a recruiter or job seeker.

Credit Officer Duties and Responsibilities

Credit Officer job description should contain a variety of functions and roles including:

  • 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

Credit Officer Requirements / Skills / Qualifications

Credit Officer job description should include these common skills and qualifications:

  • B.Sc in Banking and Finance, Economics or related field
  • Proven work experience as a Credit Officer, Loan Officer or similar role
  • Strong analytical skills
  • Customer service experience
  • Hands-on experience with lending procedures and products
  • Ability to create and process financial spreadsheets

As a hiring manager, recruiting an ideal Credit Officer starts with crafting a good job description. Use this Credit Officer job description template to save yourself time and help you attract the most qualified candidates. Feel free to revise it to meet your specific needs.

Job seekers interviewing for the role of a Credit Officer may also reference it in preparation for the interview.