Bankruptcy trustee to credit adviser
A bankruptcy trustee already meets 37% of what the credit adviser role asks for. The move turns on 9 required skills not yet in the profile.
65/ 100
1 How much of what a credit adviser is expected to do is already part of a bankruptcy trustee’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the credit adviser role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A credit adviser role treats 9 of its required skills as things a bankruptcy trustee already does. You would walk in with these on day one.
- analyse loans
- consult credit score
- debt systems
- examine credit ratings
- insolvency law
- maintain client debt records
What stands in the way is 9 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 13 skills that carry over, these are the ones fewest other occupations ask for. A credit adviser role needs them, and most people applying for one will not have them already. This is the part of a bankruptcy trustee background worth leading with.
- already held maintain client debt records information skills
- already held perform debt investigation information skills
- already held analyse loans information skills
- already held insolvency law business, administration and law
- already held consult credit score information skills
- already held business loans business, administration and law
All 13 carried skills, including the 9 the credit adviser role treats as required.
Table 3 · What you may need to learn
The 34 missing skills fall into 6 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn analyse the credit history of potential customers required
- still to learn assess debtor's financial situation required
- still to learn maintain credit history of clients required
- still to learn provide support in financial calculation required
- optional, not held determine loan conditions optional
- optional, not held monitor national economy optional
- optional, not held prepare credit reports optional
- optional, not held advise on risk management optional
- optional, not held analyse financial risk optional
- optional, not held assess risks of clients' assets optional
- optional, not held forecast future levels of business optional
- optional, not held interpret financial statements optional
- optional, not held synthesise financial information optional
- still to learn credit control processes required
- still to learn financial products required
- optional, not held corporate social responsibility optional
- optional, not held microfinance optional
- optional, not held accounting techniques optional
- optional, not held audit techniques optional
- optional, not held credit card payments optional
- optional, not held mortgage loans optional
- optional, not held property law optional
- optional, not held securities optional
- optional, not held tax legislation optional
- still to learn prepare credit offers required
- still to learn advise on financial matters required
- optional, not held advise on credit rating optional
- optional, not held interview bank loanees optional
- optional, not held review investment portfolios optional
- still to learn economics required
- optional, not held budget for financial needs optional
- optional, not held create a financial plan optional
- optional, not held develop investment portfolio optional
- optional, not held consumer protection optional
Table 4 · Where to start
The 3 entries a credit adviser role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 prepare credit offers practise this
- 02 advise on financial matters practise this
- 03 analyse the credit history of potential customers practise this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 13 skills that carry over
- already held analyse loans skill
- already held consult credit score skill
- already held debt systems knowledge
- already held examine credit ratings skill
- already held insolvency law knowledge
- already held maintain client debt records skill
- already held obtain financial information skill
- already held perform debt investigation skill
- already held provide financial product information skill
- already held banking activities knowledge
- already held business loans knowledge
- already held communicate with banking professionals skill
- already held investment analysis knowledge
25 supplementary skills, helpful but not required
- optional, not held corporate social responsibility optional
- optional, not held determine loan conditions optional
- optional, not held microfinance optional
- optional, not held monitor national economy optional
- optional, not held prepare credit reports optional
- optional, not held accounting techniques optional
- optional, not held advise on credit rating optional
- optional, not held advise on risk management optional
- optional, not held analyse financial risk optional
- optional, not held assess risks of clients' assets optional
- optional, not held audit techniques optional
- optional, not held budget for financial needs optional
- optional, not held consumer protection optional
- optional, not held create a financial plan optional
- optional, not held credit card payments optional
- optional, not held develop investment portfolio optional
- optional, not held forecast future levels of business optional
- optional, not held interpret financial statements optional
- optional, not held interview bank loanees optional
- optional, not held mortgage loans optional
- optional, not held property law optional
- optional, not held review investment portfolios optional
- optional, not held securities optional
- optional, not held synthesise financial information optional
- optional, not held tax legislation optional
16 held skills the credit adviser role does not ask for
- not needed by the target role actuarial science knowledge
- not needed by the target role administer debtor's assets skill
- not needed by the target role advise on bankruptcy proceedings skill
- not needed by the target role apply technical communication skills skill
- not needed by the target role collect property financial information skill
- not needed by the target role debt classification knowledge
- not needed by the target role financial statements knowledge
- not needed by the target role fraud detection knowledge
- not needed by the target role handle financial disputes skill
- not needed by the target role handle financial transactions skill
- not needed by the target role liquidity management knowledge
- not needed by the target role maintain records of financial transactions skill
- not needed by the target role protect client interests skill
- not needed by the target role revise legal documents skill
- not needed by the target role trace financial transactions skill
- not needed by the target role value properties skill
13 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn credit control processes required
- still to learn economics required
- still to learn financial products required
- optional, not held corporate social responsibility optional
- optional, not held microfinance optional
- optional, not held accounting techniques optional
- optional, not held audit techniques optional
- optional, not held consumer protection optional
- optional, not held credit card payments optional
- optional, not held mortgage loans optional
- optional, not held property law optional
- optional, not held securities optional
- optional, not held tax legislation optional
Common questions about this move
Can a bankruptcy trustee become a credit adviser?
Yes, and it is a substantial move. A bankruptcy trustee already covers 37% of what a credit adviser is expected to do: 13 skills carry over, 9 of which the credit adviser role treats as required.
What skills does a bankruptcy trustee need to become a credit adviser?
9 required skills are missing, plus 25 optional ones. They fall into 6 areas of the ESCO skill hierarchy, led by information skills. The single most important is prepare credit offers.
How hard is the move from bankruptcy trustee to credit adviser?
Its learning distance is 65 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.
How this record was compiled
Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.