What is credit officer?

Question

Accepted Answer

A credit officer is responsible for assessing and managing the creditworthiness of individuals or businesses applying for loans.

Evaluating loan applications and determining the creditworthiness of applicants
Analyzing financial statements and credit reports to assess risk
Setting loan terms and conditions, including interest rates and repayment schedules
Monitoring loan accounts and ensuring timely payments
Managing collections and delinquent accounts
Providing financial advice and guidance to clients
Working closely with other departments, such as underwriting and risk management
Ensuring compliance with regulatory requirements and internal policies
Maintaining accurate records and documentation

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