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.

Personality Type

• Conventional / Enterprising

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.

Optional knowledge and skills

Source: Sisyphus ODB