Credit Officer/Analyst

Company Overview

Westpac Banking Corporation is one of Australia's largest financial institutions and a member of the country's "Big Four" banks. Established in 1817 as the Bank of New South Wales, it adopted the name Westpac Banking Corporation in 1982 following its merger with the Commercial Bank of Australia. It is Australia's oldest bank and one of the oldest companies in the country. About the Role

Job Title: Credit Officer / Credit Analyst

Department: Credit / Risk Management Reports To: Credit Manager / Head of Credit

Job Summary

The Credit Officer / Credit Analyst is responsible for evaluating loan applications, assessing the creditworthiness of individuals and businesses, and recommending appropriate lending decisions. The role ensures compliance with the bank's credit policies, regulatory requirements, and risk management standards while maintaining high-quality customer service.

Key Responsibilities

Review and analyze loan applications and supporting financial documents.

Assess the financial strength, repayment capacity, and credit history of borrowers.

Conduct financial statement analysis and cash flow assessments.

Perform credit risk evaluations and prepare detailed credit appraisal reports.

Recommend loan approvals, modifications, or rejections based on established credit policies.

Ensure all credit proposals comply with internal policies and regulatory guidelines.

Monitor existing loan portfolios and identify potential credit risks.

Coordinate with Relationship Managers, Operations, and other departments during the loan approval process.

Maintain accurate customer records and credit documentation.

Assist in loan recovery and portfolio monitoring when required.

Prepare periodic credit and portfolio performance reports for management.

Stay informed about market trends, regulatory changes, and industry developments affecting credit risk.

Qualifications

Bachelor's degree in Finance, Accounting, Banking, Business Administration, Economics, or a related field.

Professional certifications in banking or finance are an advantage.

Experience

2–5 years of experience in credit analysis, lending, or banking operations.

Experience in financial statement analysis and credit appraisal is preferred.

Skills and Competencies

Strong analytical and financial analysis skills.

Knowledge of credit risk assessment and lending principles.

Understanding of banking regulations and compliance requirements.

Excellent written and verbal communication skills.

Strong attention to detail and problem-solving ability.

Proficiency in Microsoft Excel and banking software.

Ability to work under pressure and meet deadlines.

High ethical standards and integrity.

Key Performance Indicators (KPIs)

Quality and accuracy of credit assessments.

Loan portfolio quality and delinquency rates.

Turnaround time for credit processing.

Compliance with credit policies and regulatory requirements.

Timely submission of reports and documentation.

Pay: $4,500.00 – $5,000.00 per month

Benefits:

Company car

Dental insurance

Employee mentoring program

Health insurance

Life insurance

Professional development assistance

Vision insurance

Work Location: In person