Will AI replace Credit and Loans Officers in Australia?

Based on our analysis of official government data, Credit and Loans Officers has an AI exposure score of 6.9/10. This occupation faces significant AI automation risk.

What is the job outlook for Credit and Loans Officers in Australia?

Credit and Loans Officers currently employs 35,600 people in Australia. The projected 10-year employment growth is +8.4%. The current shortage status is: No Shortage.

How much do Credit and Loans Officers earn in Australia?

The median weekly earnings for full-time Credit and Loans Officers in Australia is $1,806.

ANZSCO 55226.9High RiskNo Shortage

Credit and Loans Officers

Numerical Clerks · Financial and Insurance Clerks

AI exposure measures how much this occupation's tasks may change. It is not the probability that the job will disappear.

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High Risk

Median Weekly Pay

$1,806

Full-time workers

Employment

35,600

Total workers

10yr Growth

+8.4%

Projected to 2035

Shortage Status

No Shortage

JSA Official AI Exposure

Automation68.0%

Augmentation71.0%

Key Tasks

•Analysing information about customers and examining references, credit ratings, investment risks, pay slips and other information against predetermined policy standards
•Contacting financial and credit institutions to obtain information about customers
•Preparing papers setting out conditions of credit and loans, rates of repayment and loan periods, and providing information about customers' standing to financial and credit institutions
•Authorising the approval of credit and loan applications and recommending credit and loan conditions and limits
•Keeping records of payments, and preparing routine letters requesting payment for overdue accounts and forwarding these for legal action
•Answering inquiries concerning credit standing of customers, loan balances and penalties
•May recommend, approve and arrange mortgages
•May work in a call centre