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.

Tasks

Tasks include -
(a) Interviewing applicants for personal, mortgage, student and business loans;
(b) Researching and evaluating loan applicant’s financial status, references, credit and ability to repay the loan;
(c) Submitting credit and loan applications to management with recommendations for approval or rejection;
(d) Approving or rejecting loan applications within authorized limits ensuring that credit standards of the institution are respected;
(e) Keeping records of payments, and preparing routine letters requesting payment for overdue accounts and forwarding these for legal action;
(f) Completing credit and loan documentation.