About the role
- Review and analyze credit applications, ensuring compliance with policies and procedures.
- Verify and validate customer information, including income, employment, and credit history.
- Evaluate credit risk and make recommendations for approval or denial of credit applications.
- Communicate with customers regarding their credit applications, providing updates and addressing inquiries.
- Maintain accurate records and documentation for all credit processing activities.
- Collaborate with underwriters and credit officers to gather additional information or clarify application details.
- Ensure timely processing of credit applications within established service level agreements.
- Identify and escalate potential credit risks or fraudulent activities to the appropriate teams.
- Assist in the development and implementation of credit processing procedures and guidelines.
- Provide support and training to junior credit processing staff as needed.
- Bachelor's degree in Finance, Business, or a related field.
- Minimum of 2 years of experience in credit processing or a similar role.
- Strong knowledge of credit policies, regulations, and industry best practices.
- Excellent analytical and problem-solving skills, with the ability to make sound credit decisions.
- Proficiency in using credit analysis tools and software.
- Attention to detail and a commitment to accuracy and confidentiality.
- Effective communication skills, both written and verbal.
- Ability to work independently and manage multiple tasks simultaneously.
- Proficient in Microsoft Office Suite or similar productivity software.
- Willingness to undergo further training and professional development.