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Arm-Chair

Credit Approval Officer

Banking & Finance

  • Average Salary

    RM2319 - RM 4698

  • Career Trends

    -

  • Compability

What is Credit Approval Officer?

A Credit Approval authorizes a loan given by a consumer. Credit Approval usually works for banks, credit management companies, and employment distribution services companies, to evaluate the creditworthiness of consumers who want to create a new loan account.

Minimum education level

 

PT3

SPM

STPM

Diploma

Degree

Average Salary

RM2319 - RM 4698

Example of a Job Position

Business Manager
Credit Administrator
Director of Credit
Credit MAnager

Task

? Store customer bills and payments ? Evaluate a customer's loan record and the history of the consumer's payment, to determine whether he is eligible for a new loan, based on a predetermined standard ? Archive sales slips in consumer ledgers, for billing purposes ? Receive bills or loan applications by mail, or receive information from sellers or merchants by telephone ? Write a statement of costs to consumers

Knowledge

Communication and Media

Knowledge of media production, communication, and techniques and methods of dissemination. Includes alternative ways to inform and entertain through writing, verbal, and visual media.

Mathematics

Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Customer and Personal Services

Knowledge of principles and processes to provide services for customers and personal. This includes assessing customer needs, meeting service quality standards, and evaluating customer satisfaction.

Administration and Management

Knowledge of business and management principles including strategic planning, resource allocation, human resource modeling, leadership techniques, production methods, and coordination between people and resources.

Law and Governance

Knowledge of laws, legal rules, court procedures, precedents, government regulations, executive orders, institutional rules, and democratic political processes.

Economics and Accounting

Knowledge of economic and accounting principles and practices, financial markets, banking, and financial data analysis and reports.

Skills

Active Learning

Understand the implications of new information for basic decision making and problem solving now and in the future.

Talking

Talk to others to convey information effectively

Critical Thinking

Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to the problems handled

Consideration and Decision Making

Consider the shortcomings and advantages of potential action choices to choose the most appropriate action.

Reading Understanding

Understand sentences and paragraphs written in work documents.

Capability

  • 1

    Oral Expression - The ability to communicate information and ideas when speaking, so that others can understand what is being conveyed

  • 2

    Written Expression - The ability to communicate information and ideas in writing so that others can understand

  • 3

    Oral Understanding - The ability to listen and understand information and ideas conveyed through words and oral sentences

  • 4

    Near Distance Vision - The ability to see details at close range (a few feet away from the object).

  • 5

    Written Understanding - Ability to read and understand information and ideas conveyed through writing

Related Courses/Majors