Credit Reporting Job Description
Credit reporting
provides subject matter expertise in credit bureau reporting of consumer loans, credit cards and consumer deposit accounts for compliance with the Fair and Accurate Credit Transactions Act (FACT Act), and the Fair Credit Reporting Act (FCRA) and Metro 2® reporting standards.
Credit Reporting Duties & Responsibilities
To write an effective credit reporting job description, begin by listing detailed duties, responsibilities and expectations. We have included credit reporting job description templates that you can modify and use.
Sample responsibilities for this position include:
Reviewing internal systems of record and data received from each credit bureau, including TransUnion, Equifax, Experian, SPFE and DNB
Understand the data flow between different risk systems and suggest improvements when required
Working with the business to ensure that they fully understand developments in Regulatory framework and priorities, changes to the Capital framework, the impact of Risk Weighted Assets, revenue recognition on structured deals
Complete regulatory and internal reporting
Credit covenant monitoring
Special collateral & portfolio monitoring
Interpret basic legal credit documentation
Review credit proposals and assist Capital Advisory teams with credit system enrichment
Perform credit checks and approve payments, loans and release of client assets
Performing credit bureau reporting validation and exceptions
Credit Reporting Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Credit Reporting
List any licenses or certifications required by the position: FCRA, CECRL, B2, SAS, PMP, GARP, CFA, SQL, PROC, CDIA
Education for Credit Reporting
Typically a job would require a certain level of education.
Employers hiring for the credit reporting job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Finance, Accounting, Business, Education, Economics, Mathematics, Management, Computer Science, Statistics, Engineering
Skills for Credit Reporting
Desired skills for credit reporting include:
Microsoft suite office products
Systems
Associated risks and controls
Consumer business line operations
Excel
Products & services
Risk/Compliance/Audit competencies
FCRA and e-OSCAR®
Metro 2® credit reporting
Accounting
Desired experience for credit reporting includes:
Ensure the adherence of credit approval conditions concentration caps and timely renewals of insurance policies, update of valuations, update of cash surrender values and identify any irregularity in the accounts and flag to the appropriate parties for prompt action, including adherence to approved rectification plans
Assist in identifying system gaps for enhancement to provide better credit control and increase productivity and actively involve in liaising with parties such as business, IT on the credit module platform to achieve optimal efficiency for the credit monitoring processes
Advanced degree in computer science, decision sciences, economics, mathematics, statistics or related field
Lead the integration and user acceptance testing efforts
Must be willing to work in San Diego, CA
Ad-hoc management projects
Credit Reporting Examples
1
Credit Reporting Job Description
Job Description Example
Our company is growing rapidly and is hiring for a credit reporting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for credit reporting
- Transitioning the rewards governance process to the Credit Accounting team while enhancing risk and judgment transparency
- Developing Credit Accounting’s role as the second line of defense, providing effective challenge to our methodology, assumptions, and judgments
- Creating a new process within the Credit Accounting team, focused on control and operational excellence
- Ability to understand, create and manage the basic
- Clearly understand different credit risk measurement methodologies and ensure that team members can explain the business drivers behind the exposure numbers
- Understand the way in which reports are used by Credit Risk Managers in order to propose value-added reporting services to stakeholders
- Build relationships with various stakeholders from Credit Risk Management in New York, London, Singapore and Pune
- Own and manage the delivery of Traded Credit stress testing analysis under CCAR, excluding securitizations
- Review and challenge the CCAR Traded Credit stress testing results and effectively present key results and findings to senior management
- Work with regulatory coordination teams to interact with regulators regarding stress testing methodology and analyses of Traded Credit Risk
Qualifications for credit reporting
- Understanding of financial products, particularly Credit markets with at least 3-5 years experience
- Able to build custom queries on the fly with knowledge of the underlying SQL code
- Data warehouse experience and analysis skills (Access/SQL)
- Proficient with data extraction/mining tools such as SAS and SQL, ability to mine data and optimize tools/software
- Leveraged Lending Portfolio Reporting
- Liaise with senior regional credit risk management stakeholders to ensure their requirements are met with regards to credit risk reports, and that interim and standard credit reporting solutions are developed to meet changing internal and external needs
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Credit Reporting Job Description
Job Description Example
Our company is growing rapidly and is hiring for a credit reporting. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for credit reporting
- Work with model validation teams to get the CCAR Traded Credit Risk models validated
- Engaging directly with the line of business to increase their engagement in the governance process
- Establishing a deep understanding of our rewards programs and process to become a subject matter expert
- Monitor process to ensure it is followed correctly by the business
- Write process maps, procedures, or other artifacts and may maintain/ update documentation for new and existing processes
- Collect, analyze and measure process data on the effectiveness of business processes, to initiate sustainable, repeatable, and quantifiable business practices and procedures
- Collaborate with teammates on larger initiatives
- Communicate updates with internal customers on new or existing processes
- May or may not manage other associates
- Provide scheduled and requested reports in an understandable format
Qualifications for credit reporting
- Act as key point of contact between Credit Officers, Credit Analytics and other credit risk teams for questions, trouble shooting and analysis
- Development and maintenance of specific policies and procedures as they pertain to CRR
- Requires some business related travel
- Be a central point of contact for CFR for credit risk on and off balance sheet related reporting (Regulatory and SEC)
- Financial background with business knowledge of commercial credit
- Strive to improve the MIS processing through innovative thinking and voicing potential improvements to management
3
Credit Reporting Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of credit reporting. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for credit reporting
- Provide system support and act as a super user for reporting systems
- Financial model development integrating Excel with SQL
- Collate and report required information for periodic commercial finance reports, to be distributed to various senior managers in the business
- Build and maintain database integrity
- Provide system support to all members of the credit control function
- Schedule and process monthly dunning runs
- Liaise with external mailing agents
- Will be quality control review of existing process (spot checks)
- Will be reviewing websites and researching
- Role is regulatory/compliance based
Qualifications for credit reporting
- Undergraduate degree in either Finance or Math or Applied Math discipline
- Credit reporting experience either at a U.S. BHC or another FBO operating in the U.S
- Prior experience in designing and presenting credit risk reports incl
- Prior experience working in projects as a subject matter expert
- Strong interpersonal skills in interacting with the project team and an AVP in collaborating with other departments
- Prior working experience with Microstrategy is of advantage
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Credit Reporting Job Description
Job Description Example
Our growing company is hiring for a credit reporting. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for credit reporting
- Work during these periods may be significantly different from regular clerical duties
- Function as the credit bureau reporting subject matter expert the overall program manager
- Candidate must have a strong working knowledge of e-OSCAR the ACDV, AUD functionalities
- Calculates product view allowance and provision for quarter end forecast and stress testing for the Corporate and Commercial Lending and Commercial Real Estate Portfolios
- Work closely with Wholesale Loss Forecasting team to understand changes in loss forecast and related loss forecasting models
- Providing complex and timely data collection, trend and variance analysis reporting, and forecasting in regards to company debt portfolio, cash flow, and financial ratios, while ensuring adherence to corporate and departmental policies applicable local laws and regulations
- Responsible for overseeing debt reporting compliance requirements and monitoring
- Leading a global team in the complete, accurate and timely production and analysis of credit management information
- Benchmarking analysis of key performance metrics against best in class global performance
- Assist with business and financial reporting, and identify and analyze reporting variances versus forecast
Qualifications for credit reporting
- Requires excellent technical report writing skills, analytic skills and a knowledge of risk analysis
- Business controls experience and risk based assessment Sarbanes Oxley
- Graduate degree preferred, not required
- Ability to create effective presentations for Senior Management
- Master's Degree required in a Computer Science / IT or another quantitative discipline (Mathematics / Statistics / Economics)
- Exposure / knowledge of statistical / financial modeling in FINTECH / payments domain will be a big plus
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Credit Reporting Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of credit reporting. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for credit reporting
- Effectively utilizes a variety of credit bureau reporting tools such as Credit Bureau Reporting Agency websites, e-Oscar website, FDS and ALS, and other systems to identify type of dispute received and manually perform a reasonable investigation required by FCRA Regulation for direct and indirect disputes
- Build and improve the data and reporting that help the stakeholders understand the performance of their business segment and identify action points
- Liaise with several teams within your department, understand their business needs and translate them into actionable data analysis and reports
- Participate in the full lifecycle of projects which focus on updating and improving reporting, including development, testing, code deployment and maintenance
- Produce business management intelligence through data investigations to assist operational management
- Developing and achieving Technical Support objectives and goals to support the organizational vision
- Manage and direct the ACRO Support team to support the ACRO system 24x7
- Manage the day-to-day activities of the Technical Support Specialists
- Collaborate closely with the ACRO Application, Data Base Development and other departments to support all projects in their pipeline
- Work directly with the Development, QA and other department to research and resolve difficult technical problems in a complex IT environment
Qualifications for credit reporting
- Minimum of one (1) year of experience in the mortgage banking required
- Ability to stay knowledgeable about research and reach well-reasoned conclusions on financial reporting and disclosure issues
- Demonstrated excellence in data and process analysis, including root cause analysis, recommending business solutions and innovating business intelligence to provide fresh insight
- Proven experience in systems and operation analysis and interaction with technology teams preferred
- Experience in operating remotely is strongly preferred, with flexibility to work to regional and occasionally internationally time zones
- Manage the workflow of direct reports