Profession credit adviser
Credit advisers offer guidance to customers related to credit services. They assess the customer's financial situation and debt issues arisen from credit cards, medical bills and car loans in order to identify optimal credit solutions for customers and also provide debt elimination plans to adjust their finances if needed. They prepare qualitative credit analyses and decision-making material in respect of defined customers in conformity with the bank's strategy on credit policy, ensure the credit quality and follow up on the performance of the credit portfolio. Credit advisers also have expertise in debt management and credit consolidation.
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Personality Type
Knowledge
- Credit control processes
The various techniques and procedures applied to ensure that credit is given to the suitable customers and that they pay on time.
- Insolvency law
The legal rules regulating the incapacity to pay debts when they fall due.
- Debt systems
The processes needed to obtain goods or services before payment and when a sum of money is owed or overdue.
- Economics
Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.
- Financial products
The different types of instruments that apply to the management of cash flow that are available on the market, such as shares, bonds, options or funds.
Skills
- Perform debt investigation
Use research techniques and tracing strategies to identify overdue payment arrangements and address them
- Prepare credit offers
Identify the credit needs of clients, their financial situation and debt issues. Identify optimal credit solutions and offer tailored credit services.
- Provide support in financial calculation
Provide colleagues, clients or other parties with financial support for complex files or calculations.
- Assess debtor's financial situation
Assess the defaulter's pecuniary circumstances by evaluating the personal income and expenses, and the balance sheet which includes the value of the house, bank account, car and other assets.
- Consult credit score
Analyse the credit files of an individual, such as credit reports which outlines a person's credit history, in order to assess their creditworthiness and all the risks that would be involved in granting a person a loan.
- Advise on financial matters
Consult, advise, and propose solutions with regards to financial management such as acquiring new assets, incurring in investments, and tax efficiency methods.
- Provide financial product information
Give the customer or client information about financial products, the financial market, insurances, loans or other types of financial data.
- Examine credit ratings
Investigate and look for information on the creditworthiness of companies and corporations, provided by credit rating agencies in order to determine the likelihood of default by the debtor.
- Maintain client debt records
Preserve a list with the debt records of clients and update it regularly
- Maintain credit history of clients
Create and maintain the credit history of clients with relevant transactions, supporting documents, and details of their financial activities. Keep these documents updated in case of analysis and disclosure.
- Obtain financial information
Gather information on securities, market conditions, governmental regulations and the financial situation, goals and needs of clients or companies.
- Analyse the credit history of potential customers
Analyse the payment capacity and credit history of potential customers or business partners.
- Analyse loans
Examine and analyse the loans provided to organisations and individuals through different forms of credit such as overdraft protection, export packing credit, term loan, and purchase of commercial bills.