Credit Officer job description

Credit Officer Roles Job Description Formats



A credit officer is a professional who works in the financial industry, particularly in banks, credit unions, or other lending institutions. Their primary role is to assess the creditworthiness of loan applicants, businesses, or individuals, and to make decisions on whether to approve or deny their loan requests.


Use this Credit Officer job description template to advertise your job openings and attract qualified candidates for your Accounting department.

Credit Officer responsibilities

Credit officers evaluate the financial history, credit scores, and other relevant information of loan applicants, and then use their judgment to determine whether to approve or deny the loan request. They may also be responsible for setting the terms and conditions of the loan, such as the interest rate, repayment schedule, and collateral requirements.

In addition to evaluating loan applications, credit officers may also monitor the creditworthiness of existing borrowers, review their payment history, and make recommendations for loan modifications or other changes to their loan agreements.

Overall, credit officers play a critical role in the lending process, helping to manage risk and ensure that loans are granted to borrowers who are likely to repay them. To summarize and list down the responsibilities of a credit officer, it can be as follows:

  • Reviewing loan requests
  • Assessing clients’ financial status
  • Evaluating creditworthiness and risks

Job Description Sample

We are looking for a Credit Officer to facilitate lending for our clients by assessing creditworthiness and processing relevant paperwork.

Credit Officer responsibilities include preparing loan applications, evaluating clients’ financial information and calculating risk ratios. To be successful in this role, you should have a good understanding of lending procedures and customer service experience.

Ultimately, you will help our clients acquire loans in a timely manner, while ensuring we comply with the law.


  • Review loan requests
  • Assess clients’ financial status
  • Evaluate creditworthiness and risks
  • Contact clients to gather financial data and documentation
  • Analyze risks and approve or reject loan requests
  • Calculate financial ratios (e.g. credit scores and interest rates)
  • Set up payment plans
  • Maintain updated records of loan applications
  • Follow up with clients about loan renewals
  • Monitor progress of existing loans

Requirements and skill

  • Proven work experience as a Credit Officer, Loan Officer or similar role
  • Hands-on experience with lending procedures and products
  • Ability to create and process financial spreadsheets
  • Strong analytical skills
  • Customer service experience
  • BSc in Banking and Finance, Economics or related field

Other Accounting Roles Job Description

  • Explore other Accounting roles and their job description by selecting any of the below titles. A rich accounting job description is a great start. Use job description templates by FormatWorks to: 
  • show understanding of the accounting skills and knowledge you’re looking for 
  • provide a list of job responsibilities 
  • demonstrate that you’re serious employer looking to invest in talent.