Credit Associate
The Retail Credit Associate plays a vital role in supporting the Retail Lending Department by facilitating the processing and administration of credit applications. This role involves maintaining accurate credit records, ensuring compliance with company policies, and providing direct support to both clients and internal teams.
The ideal candidate will be detail-oriented, organized, and capable of handling multiple tasks within a fast-paced financial environment.
Key Responsibilities1. Credit Application Processing & Documentation- Assist in gathering, verifying, and organizing credit application documents.
- Enter and maintain accurate credit application data in the system.
- Ensure all required documentation is complete before submission for approval.
- Communicate with clients to obtain necessary documentation and information.
- Provide timely updates on the status of credit applications.
- Address client inquiries regarding credit procedures and requirements.
- Assist in reviewing financial statements, credit reports, and other relevant data.
- Support the evaluation of applicants’ creditworthiness based on company guidelines.
- Work closely with the credit team to identify potential risks and discrepancies.
- Maintain and update credit files in accordance with internal policies and regulatory requirements.
- Ensure all credit-related documents adhere to company standards and industry regulations.
- Assist in internal and external audits by providing necessary documentation.
- Prepare reports related to credit applications, loan performance, and portfolio trends.
- Support senior management with data analysis and presentations.
- Assist with scheduling meetings, coordinating with other departments, and managing communication within the credit team.
Qualifications:
• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• 1-2 years of experience in a credit or administrative role, ideally within a bank or credit department.
• Basic understanding of credit procedures, financial documents, and credit risk.
• Strong attention to detail with the ability to handle large amounts of data accurately.
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
• Excellent organizational and time-management skills, with the ability to handle multiple tasks simultaneously. • Strong communication skills, both written and verbal.
• Ability to work well under pressure and meet deadlines. Desired Skills:
• Familiarity with credit management or loan processing software.
• Experience working with credit reports or financial statements.
• Basic understanding of banking regulations and compliance standards.
• Ability to work as part of a team in a collaborative environment
The Retail Credit Associate plays a vital role in supporting the Retail Lending Department by facilitating the processing and administration of credit applications. This role involves maintaining accurate credit records, ensuring compliance with company policies, and providing direct support to both clients and internal teams.
The ideal candidate will be detail-oriented, organized, and capable of handling multiple tasks within a fast-paced financial environment.
Key Responsibilities1. Credit Application Processing & Documentation- Assist in gathering, verifying, and organizing credit application documents.
- Enter and maintain accurate credit application data in the system.
- Ensure all required documentation is complete before submission for approval.
- Communicate with clients to obtain necessary documentation and information.
- Provide timely updates on the status of credit applications.
- Address client inquiries regarding credit procedures and requirements.
- Assist in reviewing financial statements, credit reports, and other relevant data.
- Support the evaluation of applicants’ creditworthiness based on company guidelines.
- Work closely with the credit team to identify potential risks and discrepancies.
- Maintain and update credit files in accordance with internal policies and regulatory requirements.
- Ensure all credit-related documents adhere to company standards and industry regulations.
- Assist in internal and external audits by providing necessary documentation.
- Prepare reports related to credit applications, loan performance, and portfolio trends.
- Support senior management with data analysis and presentations.
- Assist with scheduling meetings, coordinating with other departments, and managing communication within the credit team.
Qualifications:
• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• 1-2 years of experience in a credit or administrative role, ideally within a bank or credit department.
• Basic understanding of credit procedures, financial documents, and credit risk.
• Strong attention to detail with the ability to handle large amounts of data accurately.
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
• Excellent organizational and time-management skills, with the ability to handle multiple tasks simultaneously. • Strong communication skills, both written and verbal.
• Ability to work well under pressure and meet deadlines. Desired Skills:
• Familiarity with credit management or loan processing software.
• Experience working with credit reports or financial statements.
• Basic understanding of banking regulations and compliance standards.
• Ability to work as part of a team in a collaborative environment