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Career pathway

Credit and Loans Officers

ANZSCO 5522

Employed

35,600

Part-time share

13%

Female share

57%

Median weekly earnings

$1,806

Median age

39 yrs

Employment outlook

Declining

Source: Jobs and Skills Australia · ABS 2021 Census of Population and Housing.

About this career

Credit and Loans Officers analyse, evaluate and process credit and loan applications.

What they typically do

  • 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

States and territories

Share of workers by location

NSW
38.6%
VIC
29.5%
QLD
19.9%
SA
5.2%
WA
4.5%
TAS
1.1%
ACT
0.8%
NT
0.3%

Qualification pathways

These accredited qualifications can lead to a career as a Credit and Loans Officers.