ANZSCO 5522

Credit and Loans Officers

Overview

EMPLOYED

39,000

PART-TIME SHARE

15%

FEMALE SHARE

54%

MEDIAN WEEKLY EARNINGS

$1,520

MEDIAN AGE

38

ANNUAL EMPLOYMENT GROWTH

1,200

About this data

Summary

Credit and Loans Officers analyse, evaluate and process credit and loan applications.

Tasks

  • Analysing information about customers and examining references, credit ratings, investment risks, pay slips and other information against predetermined policy standards
  • Contacting financial and credit institutions to obtain information about customers
  • Preparing papers setting out conditions of credit and loans, rates of repayment and loan periods, and providing information about customers' standing to financial and credit institutions
  • Authorising the approval of credit and loan applications and recommending credit and loan conditions and limits
  • Keeping records of payments, and preparing routine letters requesting payment for overdue accounts and forwarding these for legal action
  • Answering inquiries concerning credit standing of customers, loan balances and penalties
  • May recommend, approve and arrange mortgages
  • May work in a call centre

ANZSCO Classification

Details

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    Earnings and Hours

    Weekly Earnings (Before Tax)
    Source: Share of workers who work full-time hours: ABS, Labour Force Survey, 2023, four-quarter average, customised report.
    Average full-time hours worked per week: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Median full-time earnings per week and Median hourly earnings: ABS, Survey of Employee Earnings and Hours, May 2023, customised report. Note: median earnings data have not been produced for some occupations where there is a high standard error, and are published with "N/A" values.
    Earnings and Hours Credit and Loans Officers All Occupations
    Share of workers who work full-time hours 85% 70%
    Average full-time hours worked per week 42 hours 44 hours
    Median full-time earnings per week $1,520 $1,697
    Median hourly earnings $38 $43

    Industries

    Credit and Loans Officers work in industries like:

    Source: Ranked using ABS, Labour Force Survey, 2023, four-quarter average data, custom report.
    Note: industries that comprise less than 5% of an occupation have been suppressed.

    States and territories

    New South Wales

    39.3%

    Victoria

    34.2%

    Queensland

    12.2%

    South Australia

    6.4%

    Tasmania

    1.7%

    Northern Territory

    0.3%

    Australian Capital Territory

    0.8%

    Source: ABS Labour Force Survey, Detailed, August 2024, Jobs and Skills Australia trend data.

    Age and gender

    Age and Gender Profile
    Source: ABS, Labour Force Survey, 2023, four-quarter average, customised report.
    Age and Gender Credit and Loans Officers All Occupations
    Median age 38 years 39 years
    Female share of employment 54% 48%
    Source: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Age Profile (% Share) All Occupations Credit and Loans Officers
    15–19 5.2 0.3
    20–24 9.1 8.1
    25–34 22.7 30.9
    35–44 22.3 27.7
    45–54 20.4 19.7
    55–59 8.8 7.2
    60–64 6.5 4.3
    65 and Over 4.9 1.8

    Education

    Source: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Highest Level of Educational Attainment (% Share) All Occupations Credit and Loans Officers
    Post Graduate/Graduate Diploma or Graduate Certificate 12.2 14.0
    Bachelor degree 23.2 30.2
    Advanced Diploma/Diploma 11.1 13.9
    Certificate III/IV 19.5 11.8
    Year 12 15.9 19.8
    Year 11 4.0 2.9
    Year 10 and below 9.7 3.7
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      Occupation profiles data

      This file contains data displayed on the Occupation Profile pages.

      Use of data in this file must include the relevant attribution text provided.

      Occupation profiles data - August 2024.xlsx

      occupation_profiles_data_-_august_2024.xlsx9088333

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      Australian and New Zealand Standard Classification of Occupations

      Australian and New Zealand Standard Classification of Occupations (ANZSCO) is the skill-based classification system used to categorise occupations in the Australian and New Zealand labour markets. ANZSCO provides a basis for the standardised collection, analysis and dissemination of occupation data. Visit the ABS website to learn how ANZSCO works. Jobs and Skills Australia displays data for occupations that are defined by ANZSCO 2013 Version 1.3.