Credit Officers – Robotec Group
Job Description
Role Summary
- Credit and Risk Assessment
Application Clarification: Review of loan application, financial statements, tax returns, or other supporting documentation submitted by clients.
Credit Review: An evaluation of the applicant’s financial status, including income, expenses, liabilities, and credit history, to determine whether they can repay the loan.
Risk Analysis: Determining how much of a risk it is to provide credit terms. This includes measuring financial ratios and credit scores to predict potential losses on their balance sheets.
DECISIONS: Approve, deny, modify, or make loan recommendations after a complete analysis and in accordance with the institution’s lending procedures and standards.
- Client and Portfolio Management
Client Interaction: Meet with applicants to review and discuss their financial needs, gather needed information, explain loan options and terms (e.g., interest rates, fees, and loan tenure).
Loan Structuring: Setting appropriate credit limits and negotiating the specific terms and conditions of the loan.
Portfolio Monitoring: Managing and monitoring existing loans to ensure timely repayment. This includes identifying potential risks in the loan portfolio and collaborating with borrowers to develop solutions in the event of financial difficulties.
Renewal Management: Handling the renewal process for existing lines of credit or loans.
- Compliance and Documentation
Regulatory Compliance: Ensuring that all loan applications, approvals, and processes comply with legal guidelines, internal credit policies, and appropriate credit limits, and negotiating the specific terms and conditions of the loan.
Portfolio Monitoring: Managing and monitoring existing loans to ensure timely repayment. This includes identifying potential risks in the loan portfolio and collaborating with borrowers to develop solutions in the event of financial difficulties.
Renewal Management: Handling the renewal process for existing lines of credit or loans.
- Compliance and Documentation
Regulatory Compliance: Ensuring that all loan applications, approvals, and processes comply with legal guidelines, internal credit policies, and industry regulations.
Record Keeping: Maintaining accurate and detailed records of all loan applications, credit decisions, and client communication.
Reporting: Preparing detailed credit reports and presentations for senior management or credit committees.