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.

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