Chief Credit Officer Job Description

May 10, 20120 Comments

Chief credit officer job description and profile

The job of a Chief Credit Officer is to manage the credit transactions of a bank or a financial institution. They have to handle the loans – mortgage loans, personal loans, house loans, auto loans and business loans.

Chief credit officer duties and responsibilities –

  • Formulating procedures for all the loan functions of the company
  • Sanctioning and checking discrepancies with the primary credit score officer
  • Participates in all loan sanctioning procedures of the company
  • Supervises employees in the organization and analyzes their performance
  • Ensures that the loaning guidelines of the lender are in compliance to government laws
  • Examining the payback of the loans from the borrowers and, their per month installments

Chief credit officer skills and specifications –

  • Complete knowledge about banking and money lending strategies
  • Comprehensive knowledge of the terms and conditions for the federal lending laws
  • Must be able to assess the conditions for loan approval and ensuring that the debtor is capable of paying it back
  • Excellent knowledge about finance management
  • Must be a good planner for formulating money lending schemes for the company
  • Excellent leadership qualities and strong analytical skills

Chief credit officer education and qualifications –

  • A Bachelor’s degree in Finance, Economics and Business Management is the minimum requirement.
  • It requires years of experience in the banking and financial sector to apply for this position.

Chief credit officer salary –

This job pays very high – the average $96,312 per annum.

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