Loan officer to credit adviser
A loan officer already meets 50% of what the credit adviser role asks for. The move turns on 8 required skills not yet in the profile.
53.9/ 100
1 How much of what a credit adviser is expected to do is already part of a loan officer’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 10 of its required skills as things a loan officer already does. You would walk in with these on day one.
- advise on financial matters
- analyse loans
- consult credit score
- credit control processes
- debt systems
- examine credit ratings
What stands in the way is 8 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 credit adviser role needs them, and most people applying for one will not have them already. This is the part of a loan officer background worth leading with.
- already held maintain credit history of clients information skills
- already held interview bank loanees communication, collaboration and creativity
- 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 credit adviser role treats as required.
Table 3 · What you may need to learn
The 25 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 perform debt investigation 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 assess risks of clients' assets optional
- optional, not held forecast future levels of business optional
- still to learn financial products required
- still to learn insolvency law required
- optional, not held corporate social responsibility optional
- optional, not held investment analysis 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
- still to learn prepare credit offers required
- still to learn provide financial product information required
- optional, not held advise on credit rating 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 analyse the credit history of potential customers practise this
- 03 assess debtor's financial situation 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 22 skills that carry over
- already held advise on financial matters skill
- already held analyse loans skill
- already held consult credit score skill
- already held credit control processes knowledge
- already held debt systems knowledge
- already held examine credit ratings skill
- already held maintain client debt records skill
- already held maintain credit history of clients skill
- already held obtain financial information skill
- already held provide support in financial calculation skill
- already held advise on risk management skill
- already held analyse financial risk skill
- already held banking activities knowledge
- already held business loans knowledge
- already held communicate with banking professionals skill
- already held interpret financial statements skill
- already held interview bank loanees skill
- already held mortgage loans knowledge
- already held property law knowledge
- already held securities knowledge
- already held synthesise financial information skill
- already held tax legislation knowledge
17 supplementary skills, helpful but not required
- optional, not held corporate social responsibility optional
- optional, not held determine loan conditions optional
- optional, not held investment analysis 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 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 review investment portfolios optional
17 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 analyse business plans skill
- not needed by the target role apply credit risk policy skill
- not needed by the target role assess customer credibility skill
- not needed by the target role assist in loan applications skill
- not needed by the target role check accounting records skill
- not needed by the target role collect property financial information skill
- not needed by the target role core banking software knowledge
- not needed by the target role customer service knowledge
- not needed by the target role debt classification knowledge
- not needed by the target role decide on loan applications skill
- not needed by the target role examine mortgage loan documents skill
- not needed by the target role foreclosure knowledge
- not needed by the target role inform on interest rates skill
- not needed by the target role manage loan applications skill
- not needed by the target role monitor loan portfolio skill
- not needed by the target role protect client interests skill
10 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 economics required
- still to learn financial products required
- still to learn insolvency law required
- optional, not held corporate social responsibility optional
- optional, not held investment analysis 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
Common questions about this move
Can a loan officer become a credit adviser?
Yes, and it is a moderate move. A loan officer already covers 50% of what a credit adviser is expected to do: 22 skills carry over, 10 of which the credit adviser role treats as required.
What skills does a loan officer need to become a credit adviser?
8 required skills are missing, plus 17 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 loan officer to credit adviser?
Its learning distance is 53.9 out of 100, which is the moderate 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.