Credit Specialist Duties & Responsibilities

The role and function of a Credit Specialist includes the following duties and responsibilities:

Receiving credit and loan applications along with supplementary paperwork.
Reviewing documents to ensure their completion and precision.
Supervising the repayment of funds and contacting defaulters to tend to their accounts with urgency.
Providing additional financial support to eligible and steadfast clients upon request.
Compiling a database of regular defaulters and reporting them to the relevant bodies, as appropriate.
Conducting routine inspections to better understand clients' financial track records.
Negotiating interest rates and payment plans that account for the potential risks identified earlier.
Working towards maintaining and advancing the financial status of our institution.
Performing risk analyses and using the findings to inform the amount of credit extended, if applicable.
Informing clients about the outcomes of their credit applications.

Note that this is not an exhaustive list of Credit Specialist duties and responsibilities. Job functions for specific Credit Specialist roles may vary, depending on the industry and type of employer.

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