Credit Officer
Quick Facts
Median Salary$119,435
Most Common EducationBachelor's degree
Projected 10-Year Growth-0.92%
Assessment MatchTake the Assessment
What They Do
A Credit Officer helps bank clients with the process of applying for loans, and evaluates client financial information and creditworthiness. Helps clients prepare loan applications and manage the application process. May deal with commercial loan applications and transactions. May oversee or manage credit analysis and loan review functions at a bank.
Core Tasks:
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Consult with customers to resolve complaints and verify financial and credit transactions.
What to expect as a Credit Officer
1Earn a Bachelor's degree
79% of people achieve this level of education.
2Gain skills and experience
See Credit Officer related courses on Tallo
3Land a job
352 openings for Credit Officers
Career Progression
in United States (Nation)
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