credit advisertoloan officer
A credit adviser already meets 59% of what the loan officer role asks for. The move turns on 6 required skills not yet in the profile.
59%
45.1/ 100
1 Share of the loan officer role’s weighted skill requirement already met by the credit adviser profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.
Why this move works
A loan officer role treats 10 of its required skills as things a credit adviser already does. These are the ones it depends on most.
- analyse financial risk
- analyse loans
- banking activities
- consult credit score
- credit control processes
- examine credit ratings
What stands in the way is 6 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 22 skills that carry over, these are the ones fewest other occupations ask for. A loan officer role needs them, and most people applying for one will not have them already. This is the part of a credit adviser background worth leading with.
- already held interview bank loanees communication, collaboration and creativity
- already held maintain credit history of clients information skills
- already held maintain client debt records information skills
- already held mortgage loans business, administration and law
- already held analyse loans information skills
- already held credit control processes business, administration and law
All 22 carried skills, including the 10 the loan officer role treats as required.
Table 3 · What you would need to learn
The 17 missing skills fall into 7 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.
- required, not held monitor loan portfolio required
- required, not held analyse business plans required
- optional, not held collect property financial information optional
- optional, not held check accounting records optional
- optional, not held examine mortgage loan documents optional
- required, not held inform on interest rates required
- optional, not held assess customer credibility optional
- optional, not held protect client interests optional
- required, not held decide on loan applications required
- optional, not held manage loan applications optional
- required, not held core banking software required
- required, not held actuarial science required
- optional, not held customer service optional
- optional, not held foreclosure optional
- optional, not held debt classification optional
1 further area in the appendix
Table 4 · Where to start
The 3 entries a loan officer role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 actuarial science knowledge · sector specific
- 02 core banking software knowledge · sector specific
- 03 inform on interest rates skill · sector specific
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 22 skills that carry over
- already held analyse financial risk skill
- already held analyse loans skill
- already held banking activities knowledge
- already held consult credit score skill
- already held credit control processes knowledge
- already held examine credit ratings skill
- already held interpret financial statements skill
- already held interview bank loanees skill
- already held maintain credit history of clients skill
- already held obtain financial information skill
- already held advise on financial matters skill
- already held advise on risk management skill
- already held business loans knowledge
- already held communicate with banking professionals skill
- already held debt systems knowledge
- already held maintain client debt records skill
- already held mortgage loans knowledge
- already held property law knowledge
- already held provide support in financial calculation skill
- already held securities knowledge
- already held synthesise financial information skill
- already held tax legislation knowledge
The 1 learning area not shown above
- optional, not held apply credit risk policy optional
- optional, not held assist in loan applications optional
11 supplementary skills, helpful but not required
- optional, not held assess customer credibility optional
- optional, not held collect property financial information optional
- optional, not held customer service optional
- optional, not held foreclosure optional
- optional, not held manage loan applications optional
- optional, not held apply credit risk policy optional
- optional, not held assist in loan applications optional
- optional, not held check accounting records optional
- optional, not held debt classification optional
- optional, not held examine mortgage loan documents optional
- optional, not held protect client interests optional
25 held skills the loan officer role does not ask for
- not needed by the target role accounting techniques knowledge
- not needed by the target role advise on credit rating skill
- not needed by the target role analyse the credit history of potential customers skill
- not needed by the target role assess debtor's financial situation skill
- not needed by the target role assess risks of clients' assets skill
- not needed by the target role audit techniques knowledge
- not needed by the target role budget for financial needs skill
- not needed by the target role consumer protection knowledge
- not needed by the target role corporate social responsibility knowledge
- not needed by the target role create a financial plan skill
- not needed by the target role credit card payments knowledge
- not needed by the target role determine loan conditions skill
- not needed by the target role develop investment portfolio skill
- not needed by the target role economics knowledge
- not needed by the target role financial products knowledge
- not needed by the target role forecast future levels of business skill
- not needed by the target role insolvency law knowledge
- not needed by the target role investment analysis knowledge
- not needed by the target role microfinance knowledge
- not needed by the target role monitor national economy skill
- not needed by the target role perform debt investigation skill
- not needed by the target role prepare credit offers skill
- not needed by the target role prepare credit reports skill
- not needed by the target role provide financial product information skill
- not needed by the target role review investment portfolios skill
5 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- required, not held actuarial science required
- required, not held core banking software required
- optional, not held customer service optional
- optional, not held foreclosure optional
- optional, not held debt classification optional
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.