Settlements Officer
Manage, verify and process loan documentation for home buyers and sellers.
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Jobs in SEEK right now
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5-year projection
Salary
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Typical salary
Job satisfaction
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Job opportunities
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Jobs in SEEK right now
Salary
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Typical salary
Job growth
-
5-year projection
Job satisfaction
-
On this page
- What's it like to be a Settlements Officer?
- How to become a Settlements Officer
- Settlements Officer courses
- Latest Settlements Officer jobs
- Top skills and experience for Settlements Officers
- Settlements Officer role reviews
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What's it like to be a Settlements Officer?
Settlements Officers ensure that organisations are compliant with business and regulatory policies in the processing and management of loan settlements. They typically work in real estate or financial services and coordinate the completion of documentation and payment for a property. To do this, Settlements Officers need to communicate with multiple stakeholders, such as buyers, sellers, conveyancers and banks. Settlements Officers can also work in vehicle financing, property leasing and stock markets.
Tasks and duties
- Checking loan documents and certifications.
- Preparing funding to ensure details are accurate to enable successful settlement.
- Ensuring loan documents and instructions issued to lawyers are correct and accurate.
- Authorising, activating and maintaining contracts.
- Meeting team targets for the timely completion of settlements.
- Liaising with internal and external customers to negotiate the resolution of settlement and compliance issues.
- Performing general administrative tasks.
- Following up on any missing documents and information required to settle.
How to become a Settlements Officer
Whilst no formal qualifications are required to become a Settlements Officer, previous banking, settlements or loan processing experience is highly regarded. Some employers may prefer candidates with a relevant VET qualification.
- Consider completing a relevant VET qualification. This could be a Certificate IV in Finance and Mortgage Broking (FNS40821) or Certificate IV in Banking Services (FNS42020).
- Alternatively, a university degree such as a Bachelor of Banking and Finance, Bachelor of Business (Finance) or Bachelor of Commerce may open up a broader range of career options. This usually takes three years of full-time study.
- Gain experience in the banking, finance or settlements industries and become familiar with loan software and policies, as well as Microsoft Office.
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Latest Settlements Officer jobs on SEEK
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Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Settlements Officer employers on SEEK are looking for job seekers with expertise in the following areas.
Source: SEEK job ads and SEEK Profile data
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Latest Settlements Officer reviews
Jul 2024
Challenging role with great team worl
Reviewer's Qualification
Bachelor of Business
Experience
1 – 4 years
Organisation size
Large (200+ employees)
Specialisation
Banking & Financial Services
The good things
The team I got to work with each day and communicating with dealers each day via phone or email. No day was the same.
The challenges
Not much variation in work. Poor career progression and micro management from team leaders
Read more
Aug 2023
positive and engaging
Reviewer's Qualification
Bachelor of Business
Experience
1 – 4 years
Organisation size
Medium (20-199 employees)
Specialisation
Banking & Financial Services
The good things
Excellent role to develop analytical and problem solving skills in reviewing documentation and paperwork, and in resolving more complex issues and scenarios that arise.
The challenges
Working in a high volume environment with tight deadlines and customers waiting for funding approval can be stressful at times.
Read more
Source: SEEK role reviews
SEEK has not verified the truth or accuracy of these comments and does not adopt or endorse any of the comments posted on this page.SEEK collects and posts the comments for what they are worth and for information purposes only to assist candidates to find employment through www.seek.com.au
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