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Credit Specialist

A Credit Specialist evaluates loan applications, conducts risk assessments, and prepares documentation while providing excellent customer service.

How do I become a credit specialist

Get qualified to work as a credit specialist with a course recognised across Australia. Speak to a training provider to learn more.

Common questions

In Australia, a full time Credit Specialist generally earns $1,730 per week ($89,960 annual salary) before tax. This is a median figure for full-time employees and should be considered a guide only. As you gain more experience you can expect a potentially higher salary than people who are new to the industry.

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This industry is expected to experience moderate growth in employment numbers in coming years. There are currently 45,700 people working in this field in Australia and many of them work as a Credit Specialist. Credit Specialists may find work across all regions of Australia, particularly larger towns and cities.

Source: Australian Government Labour Market Insights

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If you’re interested in a career as a Credit Specialist, consider enrolling in a Certificate IV in Credit Management. This course will prepare you for work in a bank, loan company or brokerage firm. You’ll learn to assess credit applications, manage overdue customer accounts and recover bad or doubtful debts.

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Further reading

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Credit Specialist careers

A Credit Specialist works in the loan application department of a bank or financial institution or for a credit brokerage company. You’ll assess loan applications and make recommendations to approve or decline client requests. Credit Specialists analyse financial information, conduct risk assessments and prepare paperwork for successful applications.

Credit Specialists should have strong customer service skills and excellent analytical abilities. You’ll need to be able to follow correct procedures and have a strong knowledge of financial products and systems. Credit Specialists must have good communication skills and be able to work as part of a team. It’s important you are organised and can manage your time well.