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Credit Specialist Job Description

Our Credit Specialist job description includes the Credit Specialist responsibilities, duties, skills, education, qualifications, and experience.

Credit Specialist Example


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If you need an example job description for a Credit Specialist download the one below, alternatively we have many other Accounting job description samples and a job description library with over 3000 job descriptions templates that you can download for free.

What does a Credit Specialist do?

Credit specialists perform comprehensive analyses of clients' financial histories to ascertain whether such entities qualify for loans or lines of credit. Credit specialists also assist in the recovery of unpaid dues.

Credit Specialist Role

We are recruiting for a Credit Specialist to create clients’ eligibility for financial assistance. As Credit Specialist you will gather all pertinent applications and supporting documentation, review clients’ financial histories, and then proceed to decide whether to extend financial support. You should also monitor clients’ repayments in a bid to prevent them from defaulting on their loans.

To succeed as a Credit Specialist, you should possess exceptional investigative skills that are backed by sound judgement. An outstanding Credit Specialist will inform clients about ways to improve their suitability for our programmes.

Credit Specialist Duties

  • Demonstrable experience as a Credit Specialist.
  • Excellent knowledge of all applicable governing regulations and bodies.
  • Familiarity with sound business, borrowing, and spending practises.
  • Strong research, statistical, and decision-making skills.
  • Ability to negotiate credit limits and repayment options.
  • Capacity to let ineligible clients down in a dignified manner.
  • Willingness to institute pertinent corrective measures to procure monies owed.
  • Degree in Actuarial Science, Microeconomics, Accounting, Finance, or similar.

Credit Specialist Requirements

  • Receive credit and loan applications along with supplementary paperwork.
  • Review documents to ensure their completion and precision.
  • Conduct routine inspections to better understand clients’ financial track records.
  • Perform risk analyses and using findings to inform the amount of credit extended, if applicable.
  • Inform clients about the outcomes of their credit applications.
  • Negotiate interest rates and payment plans that account for the potential risks identified earlier.
  • Supervise the repayment of funds and contacting defaulters to tend to their accounts with urgency.
  • Provide additional financial support to eligible and steadfast clients upon request.
  • Compile a database of regular defaulters and reporting them to the relevant bodies, as appropriate.
  • Work towards maintaining and advancing the financial status of our institution.
  • Demonstrable experience as a Credit Specialist.
  • Excellent knowledge of all applicable governing regulations and bodies.
  • Familiarity with sound business, borrowing, and spending practises.
  • Strong research, statistical, and decision-making skills.
  • Ability to negotiate credit limits and repayment options.
  • Capacity to let ineligible clients down in a dignified manner.
  • Willingness to institute pertinent corrective measures to procure monies owed.
  • Degree in Actuarial Science, Microeconomics, Accounting, Finance, or similar.

How to write a Credit Specialist Job Advert

Use our job advert template to write a job advert for posting on job sites and job boards. Our job advertising templates are carefully created to help you reach your audience and beat the competition to the best talent.

A job description informs the reader about a job, whereas a job advert’s main objective is to sell the job opportunity to attract as many suitable applicants possible. A job advert maybe the first touch-point a candidate has with your company so it is important to create a great impression.

Job Advertisements should enticing, so considering using short, exciting language which get the reader’s attention.

How to write a Credit Specialist Job Description

To write a job description, we recommend starting with a job description template from our job description library, which contains examples for 800+ positions and professions. Our job description examples include a job summary with duties and responsibilities and skills and requirements, which can be personalised for your job vacancy.

Job Description Advice - Guidance on How to Personalise a Credit Specialist Job Specification

The hiring process and recruiting new employees to fill your key roles requires a degree of personalisation if you are to attract the best employees in a competitive employment market. The right person for a crucial role or more senior roles will likely have other employers targeting them. As your job description will be the first point of contact, you need to nail your pitch and provide the best possible service.

Job Description Tips - Help on formatting a Credit Specialist Job Specification

When creating your bespoke description and advert, you should cover and promote these points:

Job title: This should accurately reflect the role and include keywords that top talent might be using to search for jobs.

Job duties: The day to day duties, such as administrative tasks, which vary depending on the company and inform the candidate if they can complete the role.

Technical skills: These are the hard skills required through training, such as proficiency with Microsoft Office.

Soft skills: These include the interpersonal skills and general abilities the right candidates will possess. For example, the competency to prioritise multiple tasks, handle customer queries and customer complaints, work alone, or build a good relationship with coworkers.

The company's culture: Highlighting your company culture and values ensures employees thrive and find outstanding job satisfaction. Candidates that are not the right fit won’t waste their time completing the application process, meaning you can focus on qualified individuals and hire in a more timely manner.

Career progression: Including the career path will entice candidates looking for career growth. 

Training and development programs: Smaller companies may need employees with previous experience or provide educational assistance over internal training offered by larger organisations with more significant resources. 

Employee benefits: Compensation and benefits often fail to appear in job ads and while you may want to hold your cards close to your chest, failing to include them is a mistake. Consider answering common questions, such as working hours and paid leave. Researching the average salary for the role in these early stages will ensure you don’t waste your interviewer’s and the candidate’s time.

Skill gaps: Your company may need to bring in new skills beyond those required to complete the key role and duties. Thinking on an organisational level can be beneficial when contemplating skills diversity.

Legal requirements: Ensure your job advert and description does not ask for inappropriate or discriminatory personal details, such as age, marital status, or religion.

How to Hire a Credit Specialist

Once you have selected your Job Description download it or convert it to a Job Advert. From here you can post/advertise your job across our network of job boards. If you wish to use the job description for a CV Template click through for advice and Convert to a CV

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