How to Become a Credit Clerk
Step 1: Understand the job description and responsibilities of a Credit Clerk
What does a Credit Clerk do?
A Credit Clerk evaluates and suggests creditworthiness of prospects and customers to decrease financial risk to the organization. Checks credit applications and grants approval within established guidelines for organizations or individuals. Being a Credit Clerk communicates with the customers and other departments to solve the credit problems. May negotiate terms of payment to assist with collection of overdue balances. Additionally, Credit Clerk requires a high school diploma or its equivalent. Typically reports to Supervisor or Manager. The Credit Clerk gains or has attained full proficiency in a specific area of discipline. Works under moderate supervision. To be a Credit Clerk typically requires 1-3 years of related experience.
Credit Clerks are often junior members of Credit Assessment teams and have very clearly delineated responsibilities.
Most financial institutions accept a high school diploma or equivalency certificate for work as a Credit Clerk.
While this seems a little on the low side, the opportunities for advances and raises are high, with many Credit Clerks also earning a small commission on loans that they precipitate.
The large draw for this position is the ample opportunities for advancement, with most Credit Clerks using the job as a foothold into the financial industry.
Credit Clerk often work for high profile financial companies such as banks, federal credit unions, and mortgage brokers, as well as loan dependent sellers such as car companies and jewelers.
Step 2: Learn best tips to become a Credit Clerk
Best tips for those who want to become a Credit Clerk
Here are some tips to become a Credit Clerk.
10 things to do after every job interview.
Don’t be afraid to close the deal.
Ask for honest feedback As with most leadership skills, receiving honest feedback from peers, managers and members of your team is critical to becoming a better communicator.
To communicate effectively, it is important to get to know your audience first.
Focus on earning respect instead of laughs.
Step 3: View best colleges and universities for Credit Clerk
Best colleges and universities for Credit Clerk
- Florida Southern College
- Colby College
- Dartmouth College
- University of Notre Dame
- Western Washington University
- Canisius College
Step 4: Think about whether is it worth to be a Credit Clerk
Is being a Credit Clerk Worth it?
Perform all functions related to credit applications and HP sales & returns, such as capturing deals, explaining the terms & conditions of credit agreements to customers, completing and processing paperwork related to all applications and sales.
Assist with Accounts Payable including entry of bills, credit card charges, and expenses.
Schedules and controls shop production through proper scheduling of work, routing of material to and from the shops, and monitors unit exchange credits.
Previous experience involving payment processing and reconciling (cash, check, and/or credit card processing….
Generate a credit card payment from the applicant and distribute completed batches to the Cashier's Office.
Step 5: Prepare relevant skills for being a Credit Clerk
What skills do you need to be a Credit Clerk?
Although this job may seem to be a more junior position, there are still certain skill sets which an applicant needs to possess to do well. In order to support the team, a strong grasp of these skills is necessary: Risk Assessment, Risk Analysis. Experience and professionalism are always important to landing any job, and a mastery of these skills will help amplify your qualifications.
Job Objective To obtain a Credit Clerk position and utilize my experience and skills for the successful completion of each job task.
Ability to review written credit information, as well as credit information generated on computer.
Ability to use a computer, typewriter, AS/400 computer system and terminal, Central Credit computer, Credit Bureau, 10-key adding machine, telephone, and computer printer.
Knowledge of credit operations, rules and regulations.
Reviews credit applications to ensure fully complete and contains all required documentation.
Step 6: View average salary for Credit Clerk
How much does a Credit Clerk make?
The average salary range for a Credit Clerk is from $37,951 to $51,528. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Credit Clerk jobs
- Credit Clerk, Sr.
- Credit Card Operations Clerk
- Intermediate Credit and Collections Clerk
- Senior Credit and Collections Clerk
- Cage Credit Clerk - Casino
- Entry Credit & Collections Clerk
- Credit Application Review Clerk
- Credit Card Operations Clerk, Sr.
- Credit and Collections Clerk I