FUNCTIONS OF A CREDIT OFFICER

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Permalink Reply by Dipu James on May 14, 2009 at 1:37pm

Responsible for managing the portfolio in terms of keeping low delinquencies & NCL. Credit Officer work is the Managing delinquent accounts Managing losses Keeping front end delinquency at the lowest level. Regular feedback to Sales/Credit Using all MIS generated to manage collections Manage Cash Collections Catch early warning indicators Manage remedial management re-schedulements Manage repossession agencies Low front end delinquency

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Permalink Reply by Resonance consultancy on May 15, 2009 at 10:59pm

Hi

Its depends on which product your are going for. For instance for retail banking lending such as PL/Credit card job requires credit assessment of borrower, KYC, liaising with sales and following credit policy of the lender

visit www.resonanceconsultancy.co.in

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Permalink Reply by Andrew on January 20, 2010 at 7:04pm

In addition to what has already been said a Credit Officer would have involvement in the other important responsibilities of the credit function which while controlled by the Credit Manager include :
Designing and manageing the credit product portfolio.
Controlling profitability.
Investigateing the competitions credit offering and market segments targeted to seek competitive advantage.
Managing customer relationship with exisitng customers / leveraging new customers from these relationships.
Producing customer prospecting reports and ensuring they are acted upon.
Managing / making sales decision on hot sales leads produced by on road introducers.
Working with marketing to ensure products / offerings are projected in a way which best meets the corporate business targets.

These are of course generic responsibilites of a credit function and will vary between businesses.

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