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

A credit investigator is tasked with the responsibility of performing credit checks on loan applicants to determine whether they are capable of repaying the loans and credit they are being offered. He or she will vet the applicants to determine their suitability to make the credit application and to repay the same promptly.

Besides that he or she will get to perform the following roles; Authorize credit charges against customers' accounts, investigate credit history for individuals or business establishments applying for credit, interviewing applicants to obtain their personal and financial data, determine the worthiness of credit, process applications and notify customers on whether the credit has been approved or rejected.

Core Skills Required to be a Credit Investigator

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 credit investigator should master the following 10 core skills to fulfill her job properly.

Creativity:

Creativity is the skill of turning new and imaginative ideas into reality through the ability to perceive the world in new ways, find hidden patterns, make connections between unrelated phenomena and generate solutions.

A Credit Investigator should be able to think, then reproduce ideas and act on them to bring awareness of what was currently hidden and point to a new life that will progress the business to new heights.

Empathy:

Empathy is the understanding of another person's condition from their perspective by placing yourself in their shoes and feeling what they are feeling.

A Credit Investigator ought to practice empathy with his staff by learning to be a good listener and understanding what his employees are going through and choosing to feel it with them through the use of imagination and accommodate them.

Handling Stress:

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

A Credit Investigator 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.

Monitoring Others:

Monitoring others is tracking employee activities monitor the worker engagement with the workplace-related tasks.

A Credit Investigator should always monitor his workers to measure productivity, track attendance, incoming and outgoing phone calls, safety spying, employee theft, employee's location, horseplay and collect proof of hours worked using the latest computer detective monitoring system that provides accurate data that cannot be debated.

Results Orientation:

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

A Credit Investigator 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.

Self-Discipline and Sense of Duty:

Self-Discipline and Sense of Duty is an active effort which helps in developing set ways for your thoughts, actions, and habits empowering your to stick to your decisions.

A Credit Investigator needs to learn the secret of fostering the development of self-discipline amongst the employees by clearly defining the expectations, staying in sync with the work related events and propagate result yielding ideas that employees suggest.

Business Etiquette:

Business Etiquette is a basic framework of rules set by companies to ensure and allow you to understand the way you should conduct yourself in the professional world.

A Credit Investigator must establish the tone for proper behavior in the workplace by making sure all the distinct boundaries are laid out for everyone to follow and understand the implications of defaulting.

Diversity Awareness:

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

A Credit Investigator 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 Credit Investigator 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.

Technical Skills:

Technical Skills are the abilities and knowledge mostly related to mechanical, IT, scientific and mathematical needed to perform specific tasks in the workplace.

A Credit Investigator ought to hire employees with particular talents and expertise that helps them perform certain duties and jobs that other skills like soft skills cannot perform to grow both the business and the employee and bring in productivity.

Hard Skills Required to be a Credit Investigator

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

Credit Investigator: 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

Written by on