Lending Officer
Assess and process applications for credit and loans.
Job opportunities
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Jobs in SEEK right nowJob growth
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5-year projectionSalary
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Typical salaryJob satisfaction
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Job opportunities
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Jobs in SEEK right nowSalary
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Typical salaryJob growth
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5-year projectionJob satisfaction
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On this page
- What's it like to be a Lending Officer?
- How to become a Lending Officer
- Latest Lending Officer jobs
- Top skills and experience for Lending Officers
- Lending Officer role reviews
What's it like to be a Lending Officer?
Lending Officers assess credit reports and scores of potential borrowers to decide if they are eligible for a loan. They make decisions and minimise risks based on guidelines, standards and legislation set by organisations and government. They analyse customer information, including financial documents and employment records.
Tasks and duties
- Collecting documents from customers to assess their applications.
- Contacting referees to verify employment records and income details.
- Liaising with financial institutions regarding customers’ accounts.
- Processing credit applications from end-to-end.
- Understanding, adhering and managing fraud and compliance risks.
- Assessing applications and then approving or declining the credit or loan.
- Preparing credit or loan agreement documentation.
- Answering questions from customers and communicating about the status of their application.
- Maintaining records of repayments.
- Preparing documentation for repossession or foreclosure.
How to become a Lending Officer
It is possible to work as a Lending Officer without a formal qualification, however, employers may prefer you have a vocational qualification in credit management. It may also be advantageous to have recognition with the Australian Institute of Credit Management.
- Complete a vocational qualification in credit or financial management such as a Certificate IV in Credit Management (FNS40115).
- Consider furthering your skills by undertaking a Diploma of Credit Management (FNS51515).
- Apply for accreditation with the Australian Institute of Credit Management.
Compare your salary
Find out how your salary compares with the average salary for Lending Officers.Latest Lending Officer jobs on SEEK
Be one of the first to discover these recently listed jobs, or browse all Lending Officer jobs on SEEK right now.Did you find this helpful?
Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Lending Officer employers on SEEK are looking for job seekers with expertise in the following areas. Lending
Credit Assessment
Settlements
Commercial Transactions
Financial Statements
Business Lending
Business Services
Credit and Collection
Finance Industry
Small Business
Source: SEEK job ads and SEEK Profile data
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Latest Lending Officer reviews
Sep 2024
Fantastic
Experience5 – 9 years
Organisation sizeMedium (20-199 employees)
SpecialisationBanking & Financial Services
The good thingsI enjoy assisting people in getting their loans approved. And achieving set targets for the month.
The challengesI like everything about this role,very challenging.
Read more
May 2021
Little effort for okay money
ExperienceLess than a year
Organisation sizeSmall (1-19 employees)
SpecialisationGovernment & Defence
The good thingsSimple job for more than minimum wage
The challengesSteep learning curve, but plenty of folks to help out
Read more
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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
