Lending Officer
Assess and process applications for credit and loans.
Job opportunities
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Jobs in SEEK right now
Job growth
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5-year projection
Salary
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Typical salary
Job satisfaction
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Job opportunities
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Jobs in SEEK right now
Salary
-
Typical salary
Job growth
-
5-year projection
Job satisfaction
-
What's it like to be a Lending Officer?
Lending Officers assess credit reports and scores of potential borrowers to decide if they are eligible for a loan. They make decisions and minimise risks based on guidelines, standards and legislation set by organisations and government. They analyse customer information, including financial documents and employment records.
Tasks and duties
- Collecting documents from customers to assess their applications.
- Contacting referees to verify employment records and income details.
- Liaising with financial institutions regarding customers’ accounts.
- Processing credit applications from end-to-end.
- Understanding, adhering and managing fraud and compliance risks.
- Assessing applications and then approving or declining the credit or loan.
- Preparing credit or loan agreement documentation.
- Answering questions from customers and communicating about the status of their application.
- Maintaining records of repayments.
- Preparing documentation for repossession or foreclosure.
As part of an application, Lending Officers may need to contact references or financial institutions to verify information. A Lending Officer will also prepare credit and loan documentation, record repayments and report customers credit standings. Some may also need to prepare documentation for repossession or foreclosure when a repayment is missed or defaulted.
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Want to explore jobs picked just for you?How to become a Lending Officer
It is possible to work as a Lending Officer without a formal qualification, however, employers may prefer you have a vocational qualification in credit management. It may also be advantageous to have recognition with the Australian Institute of Credit Management.
- 1.Complete a vocational qualification in credit or financial management such as a Certificate IV in Credit Management (FNS40115).
- 2.Consider furthering your skills by undertaking a Diploma of Credit Management (FNS51515).
- 3.Apply for accreditation with the Australian Institute of Credit Management.
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Latest Lending Officer jobs on SEEK
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Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Lending Officer employers on SEEK are looking for job seekers with expertise in the following areas.
Source: SEEK job ads and SEEK Profile data
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Latest Lending Officer reviews
4.0Aug 2019
Reviewer's Qualification
I don’t hold a qualification
Experience
1 – 4 years
Organisation size
Medium (20-199 employees)
Specialisation
Lending assessor
The good things
Always plenty of work.
Extremely brain exercising.
Always leaving new things.
The challenges
Sometimes feels repetitive.
People can be dishonest about their finances.
Feels like you’re a detective most of the time.
Read more
5.0May 2021
Experience
Less than a year
Organisation size
Small (1-19 employees)
The good things
Simple job for more than minimum wage
The challenges
Steep learning curve, but plenty of folks to help out
Read more
Source: SEEK role reviews
SEEK has not verified the truth or accuracy of these comments and does not adopt or endorse any of the comments posted on this page.SEEK collects and posts the comments for what they are worth and for information purposes only to assist candidates to find employment through seek.com.au
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