Credit Management and Manager Positions
Introduction
The purpose of this job Credit Management description is to give you an overview of the duties and responsibilities that go along with any given position within BOB Credit Union. We hope this will help you decide if this is the right type of role for you!
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| Credit Management and Manager Positions Open at BOB |
Credit Officer and Manager
The Credit Officer and Manager is responsible for managing the credit union's relationship with its members and suppliers. You'll be involved in all aspects of the Credit Management, including:
Collecting information from customers about their borrowing needs and checking their accounts regularly.
Managing relationships with other financial institutions, such as banks or insurance companies.
Providing guidance on products available through BOB's network of locations around Canada.
Credit Officers and Managers are responsible for the entire credit process, including loan analysis, loan approval, maintenance of acceptable loan portfolio quality, and all collection activities for both performing and non-performing loans.
Credit Officers and Managers are responsible for the entire credit process, including loan analysis, loan approval, maintenance of acceptable loan portfolio quality, and all collection activities for both performing and non-performing loans. They also:
Identify financial weaknesses in a company's business plan that could lead to defaulting on its obligations as well as identify potential investors/customers looking at buying into a company with poor records;
Write letters requesting additional information from borrowers such as payment history or credit score;
Monitor current outstanding loans on an ongoing basis to ensure timely payment processing;
Our Credit Officers must demonstrate a high level of commitment to the credit union mission. They must have a clear understanding of the nature of cooperative principles and practice in general and in particular as they apply to the credit union. They must be thoroughly familiar with all operations of the credit union in order to ensure that its business is conducted in accordance with policies, procedures, and regulations.
Our Credit Officers must demonstrate a high level of commitment to the credit union mission. They must have a clear understanding of the nature of cooperative principles and practice in general and in particular as they apply to the credit union. They must be thoroughly familiar with all operations of the credit union in order to ensure that its business is conducted in accordance with policies, procedures, and regulations.
Credit officers are responsible for providing service by:
Supervising employees who perform duties related to members' accounts;
Obtaining information regarding members and their transactions;
Maintaining accurate records pertaining to these activities;
These professionals will also promote active participation in community affairs by assisting in civic activities that further the relationship between the credit union and other community agencies. They will work under minimal supervision to perform a variety of complex duties within established guidelines but may be asked to recommend policy changes or exceptions.
These professionals will also promote active participation in community affairs by assisting in civic activities that further the relationship between the credit union and other community agencies. They will work under minimal supervision to perform a variety of complex duties within established guidelines but may be asked to recommend policy changes or exceptions.
Responsibilities include assessing risk factors on applications for new loans, identifying whether applicants meet guidelines, determining how much money applicants should get and structuring payment plans. They must remain up-to-date on guidelines set forth by the regulatory agency that oversees their financial institution and may be responsible for monitoring existing loans to ensure payments are made on time. They might travel to visit clients at their homes or places of business when necessary.
Other duties include:
Being available for call in rotation as scheduled including weekends.
Assisting in the development of new products and services.
Being familiar with the credit union's loan policies, procedures and guidelines.
Working with the credit union's marketing department to promote products and services
Being available for call in rotation as scheduled including weekends.
Call-in rotation is a term used to describe the schedule of when and how often you work. This can be based on your availability, or it can be set by the company and determined by their needs. For example:
You might have a schedule that says “available for call-in rotation Monday through Friday from 9am to 5pm”. If someone calls in sick at 2pm on Monday, then you will be available for them to come in later that day (even if it's after 5pm).
If there isn't any other work currently available for call-in rotation, then you'll most likely end up working through your normal shift until everyone else gets back from lunch break/their break/etc., which could last until 8pm or 9pm depending on how many people need help getting back into work mode after having gone out of town (or whatever reason).
Conclusion
If you are interested in applying for a position, please send your CV and cover letter to jobs@thecreditunion.com with the subject line "Credit Officer or Manager"
FAQ:
What is credit management?
Credit management is the process of managing a company's credit risk and ensuring that its creditworthiness is maintained. Credit risk is the risk of loss that a company faces if its customers default on their payments. Creditworthiness is a measure of a company's ability to repay its debts.
Is credit management a legit company?
There is no one-size-fits-all answer to this question, as the legitimacy of a credit management company depends on a number of factors. However, some things to look for include whether the company is registered with the Better Business Bureau and whether it has a good reputation among consumer rights organizations.
Why does credit management keep calling me?
Credit management may be calling you for a variety of reasons, such as to collect a debt, to update you on your account, or to discuss a payment plan. If you are unsure why credit management is calling you, it is best to ask them directly.
What is the importance of credit management?
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