State/Territory Eligibility Summary Table

State/Territory Eligibility Details

DAMA - Designated Area Migration Agreement

552211: Credit or Loans Officer

Description

Analyses, evaluates and processes credit and loan applications. May work in a call centre.

Skill Level 4

Occupations at Skill Level 4 have a level of skill commensurate with one of the following:

- NZ Register Level 2 or 3 qualification or
- AQF Certificate II or III.

At least one year of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience may be required in addition to the formal qualification.

• Assessing Authority

  There is no Assessing Authority assigned to ANZSCO code 552211

Alternative Titles

• Lending Consultant
• Loans Consultant
• Loans Officer

Alternative titles are any commonly used alternative title (or titles) for the occupation. These alternative titles have the same meaning as the principal title but may be less commonly used.

Unit Group 5522: Credit and Loans Officers (Aus) Finance Clerks (NZ)

Description

Analyse, evaluate and process credit and loan applications.

Indicative Skill Level

Most occupations in this unit group have a level of skill commensurate with the qualifications and experience outlined below.

- In Australia:

AQF Certificate II or III (ANZSCO Skill Level 4)

- In New Zealand:

NZ Register Level 2 or 3 qualification (ANZSCO Skill Level 4)

At least one year of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.

Tasks

• Analysing information about customers and examining references, credit ratings, investment risks, pay slips and other information against predetermined policy standards
• Contacting financial and credit institutions to obtain information about customers
• Preparing papers setting out conditions of credit and loans, rates of repayment and loan periods, and providing information about customers' standing to financial and credit institutions
• Authorising the approval of credit and loan applications and recommending credit and loan conditions and limits
• Keeping records of payments, and preparing routine letters requesting payment for overdue accounts and forwarding these for legal action
• Answering inquiries concerning credit standing of customers, loan balances and penalties
• May recommend, approve and arrange mortgages
• May work in a call centre

• Occupation ceilings program year 2019-2020
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• Average Weekly / Annual Earnings 2018
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