Find out the top 10 core skills you need to master as a commercial credit reviewer and what hard skills you need to know to succeed in this job.

A commercial credit reviewer is mandated to determine if a commercial establishment has the capability of repaying its loans. He/she analyzes the company's financial statements. He/she is a team player working with clients and managers.

Other specific tasks include assisting the credit company to minimize lending risks by analyzing balance sheets and income statements. He/she may also focus on historical trends of the firm's finances and its performance over time and is also required to prepare a report of his/her analysis of the commercial consumer's credit situation. In addition, he/she will be needed to make a payment structure if the loan committee extends credit to the customer.

Core Skills Required to be a Commercial Credit Reviewer

Core skills describe a set of non-technical abilities, knowledge, and understanding that form the basis for successful participation in the workplace. Core skills enable employees to efficiently and professionally navigate the world of work and interact with others, as well as adapt and think critically to solve problems.

Core skills are often tagged onto job descriptions to find or attract employees with specific essential core values that enable the company to remain competitive, build relationships, and improve productivity.

A commercial credit reviewer should master the following 10 core skills to fulfill her job properly.

Critical Thinking:

Critical Thinking is the ability to think clearly and rationally while understanding the logical connection between ideas in a reflective and independent thinking.

A Commercial Credit Reviewer will always seek to determine whether the ideas, arguments and findings do represent the entire picture while identifying, analyzing and solving problems by deducing consequences from what he knows and making use of the information gathered.

Administrative Skills:

Administrative Skills are all the services related to the running of a business or keeping an office organized while supporting the efforts of the management team.

A Commercial Credit Reviewer must develop these skills and emphasize the administrative skills to ensure high-level responsibilities that range from planning large scale events to creating presentations and analyzing financial data are handled carefully and efficiently.

Collaborating with others:

Collaborating is willingly working with one another and cooperating in whatever task one is assigned without behaving poorly or having an attitude change that hurts others.

A Commercial Credit Reviewer is meant to collaborate with all workers and management both male and female without causing frustrations or sidelining any worker or delaying their promotion from any informal conversations where most decisions are often made.

Giving Feedback:

Giving Feedback is one of the most powerful tools to develop employees and improve performance through honest feedback of the work done best and areas that need improvement.

A Commercial Credit Reviewer should be skilled in giving out both praise and criticism in a wise way to occasionally show workers where they need to improve and providing them with an observer's insight into the progress of their performance.

Ethical Behavior:

Ethical Behavior is acting in policies that are consistent with what the society and individuals typically think are good morals or values.

A Commercial Credit Reviewer should put emphasis on ethical behavior as best as he does to performance because it's as important as high morale and teamwork to all individuals who are committed to keeping the company values as well as speaking up when such costs are broken.

Handling Stress:

Handling Stress is the skill to balance the requirements of the job and your abilities or available resources in performing it.

A Commercial Credit Reviewer needs to creatively learn how to schedule work according to the abilities of different individuals to ensure a balance that will not put an unsustainable level of pressure on the employees and cause them to accumulate work related stress.

Results Orientation:

Results Orientation is knowing and focusing on outstanding results and working hard to achieve them because they are significant.

A Commercial Credit Reviewer must understand and make it clear to the employees how important results are and the competitive and results driven market that the company is facing while encouraging them to remain focused on the results that every project bears without fail.

Long Range Planning:

Long Range Planning is setting long-term goals and objectives for your business or project to ensure its growth and sustainability is reached by all the employees.

A Commercial Credit Reviewer needs creativity in defining long-term goals that ought to be proactive, putting together a full employee focused management strategy that analyzes the major initiatives and translates them into functional goals that employees handle.

Diversity Awareness:

Diversity Awareness is the understanding that people are different and unique in their particular way and respecting their uniqueness.

A Commercial Credit Reviewer ought to successfully identify the various types of diversity presented in his company to be able to benefit from these individual differences in the hope of improving the success of his team and encourage the team members to become aware of these qualities and use them appropriately.

Training others:

Training is the ability to expand the knowledge base by learning new truths that are useful in the workplace.

A Commercial Credit Reviewer needs to creatively schedule training for his employees in a focused manner that will allow the employee stay useful in the workplace and get new knowledge so that both the business and the worker not suffer from delays and work related stress.

Hard Skills Required to be a Commercial Credit Reviewer

Hard skills are job-specific skill sets, or expertise, that are teachable and whose presence can be tested through exams. While core skills are more difficult to quantify and less tangible, hard skills are quantifiable and more defined.

Hard skills are usually listed on an applicant's resume to help recruiters know the applicant's qualifications for the applied position. A recruiter, therefore, needs to review the applicant's resume and education to find out if he/she has the knowledge necessary to get the job done.

A commercial credit reviewer should have a good command of the following hard skills to succeed in her job.

Commercial Credit Reviewer: Hard skills list

Accounting Principles and Terminology
Accounts payable
Accounts receivable
Auditing
Bank Statements (reconcile)
Balance cash and receipts
Balance Invoices
Balance Sheets (maintain balance sheets)
Bill Collections
Billing statements (prepare billing statements)
Bookkeeping
Budgeting
Business Analysis
Business forms (Process Business Forms)
Cash flow analysis
Collections
Computers
Credit Control
Customer Service
Data Analysis
Design tables depicting data
Finance
Financial Modeling
Financial Reports
Financial Records (keep financial records)
Financial Risk analysis
Fiscal Data (compute and record fiscal data)
Journals
Keep record of company or organization expenses
Loan Underwriting
Microsoft Office
MS Excel
MS Word or Word Processing
Maintain ledgers or other similar account records
Mathematical principles
Process records and maintain forms and files
Reporting
Research
Risk Management/Risk Control
Tax Analysis
Writing

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