HOW TO GET THERE
Typical pathway
A typical pathway for a Canadian secondary-school student is to finish high school with strong math, business, and computer skills, then pursue post-secondary study in business, finance, accounting, or a related field. Some employers may also consider a college diploma or a university degree, while others value related experience in banking, lending, or customer service. Entry-level work in a financial institution or credit department can help build knowledge of loan accounts, credit reviews, and client service. As you gain experience, you may move into more senior credit or investment management roles, and requirements can vary by employer and province.
THE WORK
What you may do
Legacy duties
- Plan, organize, direct, control and evaluate the activities of a credit department in an industrial or commercial organization
- Administer corporate, commercial and personal loan accounts
- Advise customers on the commercial and personal financial services corresponding to their needs
- Evaluate and review loan and credit applications and collateral and make recommendations
- Approve or reject credit applications, establish credit limits and determine repayment plans or schedules in accordance with authorized limits
- Ensure collection of overdue or delinquent accounts
- Ensure credit policies and procedures are followed according to established guidelines and applicable legislation
- Prepare credit and loan reports
- Recruit credit personnel and identify their training needs.
SKILLS TO BUILD
Skills used in this Career
Communication SkillsComputer SkillsInternational experienceTeam project workTeam management