Credit authorizers work for financial institutions, service providers and merchants to help customers secure consumer credit. They’ll work with potential clients to collect all of the data necessary to run credit checks and grant approvals. Once credit has been extended, they’ll then work with customers to develop repayment schedules.
Given that such work involves determining interest rates, creating future value calculations and detailing amortization schedules, potential credit authorizers should have excellent math skills. A familiarity with online financial planning tools is also useful. As you can see, the credit authorizer job description shown here highlights those skills.
Often, your credit authorizer will also be placed in the position of selling your consumer financing program to clients. Thus, he or she should also demonstrate a commitment to customer service. Use the credit authorizer job description as a reference to help understand exactly what skills you should include in your listing.
Credit Authorizer Job Summary
Would you like to work in a job that helps families improve their lives while also contributing to a cleaner environment? If so, we’d like to invite you join our solar energy provider team as a credit authorizer. This is a burgeoning industry experiencing exponential growth, which helps ensure job security. You’ll help people to afford the benefits of solar energy by helping them secure financing through credit authorization. In this job, you’ll work with both our sales manager and our financing partners to help establish credit-qualifying criteria and with customers to help get them in a position to qualify for credit. This position offers plenty of professional as well as emotional rewards, from learning new skills to helping others save money and reduce their environmental impact.
- Authorize consumer credit accounts for customers looking to finance their solar energy system purchases based off of predetermined criteria
- Work with customers who have been approved for credit to establish their accounts, determine annual interest rates and create an acceptable repayment schedule
- Create documentation such as credit contracts, installment agreements, service contracts and payment booklets to both send to customers and to record in internal system files
- Maintain a documented record of all credit payments and create receipts for customers to store in their own personal records
- Field calls from customers with questions regarding their credit accounts, payment options and potential relief methods if they are no longer able to meet their repayment schedules
- Coordinate with collection agencies to arrange the transfer of defaulted contracts in order to escalate action to collect on delinquent payments
- Report information regarding defaulted accounts to the appropriate representatives from the three major credit reporting agencies
- Manage in-house financing portfolio in conjunction with other administrative staff members
Job Skills and Qualifications
- Must be 18 years of age
- Must have a high school diploma or equivalent certification
- Working knowledge of Microsoft Office programs and data management software
- Excellent mathematics skills
- Commitment to providing outstanding customer service
- Bachelor’s degree in math, accounting or a related field
- Previous experience in consumer credit services or billing and collections
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Credit Authorizer Job Responsibilities
Jobseekers who apply to the open job you have posted need to know what they’ll be doing on a day-to-day basis if they land the position, which is where the responsibilities section of your credit authorizer job description comes in. Arguably the most important section of your job description, focus on giving readers enough information to understand what the expectations are without overwhelming them. Plan on including 6-8 key responsibilities in your credit authorizer job description to make this happen.
Each of your bullet points should begin with a strong action verb. You should also keep each entry as concise as possible so candidates are able to easily visualize themselves working in the open position.
Refer to these credit authorizer job responsibilities to get a better feel for what types of responsibilities you should include:
- Look over user-authorized credit reports and payment histories to determine whether or not to offer a new line of payment
- Mail charge statements to customers by email or standard post, depending on pre-determined preferences
- File sales slips in customer folders for future reference
- Receive and take care of credit applications and charge slips provided by merchants and salespeople
Credit Authorizer Job Specifications
There are some basic skills the person you hire must have, and these skills should be carefully outlined in the specifications section of your credit authorizer job description. Before you write this section, however, sit down and think about the preferred qualifications you have for this job, as well as the must-have requirements. Make sure everyone involved with the hiring process understands the difference.
By taking time to carefully write out the specifications section of your credit authorizer job description, you help to deter unqualified candidates from applying for the job. This saves you time later on because you won’t have to sift through a pile of resumes from candidates who are unlikely to land an interview. Although this section may seem short and simple at first glance, it acts as the gatekeeper for finding the right person for the open job at your company.
Here are some examples of credit authorizer job specifications that might work well with your own job description:
- At least one year of experience as a credit authorizer or in a customer service-related role
- Knowledge of the credit processing system and how it works on an advanced level
- Excellent customer service and organization skills
- The ability to manage multiple client accounts simultaneously