Certificate IV In Credit Management (FNS40115)

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Course Description

The Certificate IV In Credit Management (FNS40115) is great for students seeking careers with financial institutions like banks, loan companies and brokerage firms. During the course students complete 12 units and graduate with the practical skills to assess credit applications, manage overdue customer accounts, and recover bad or doubtful debts. Students also gain the knowledge to work confidently within the finance and lending industry’s compliance framework.

The Certificate IV In Credit Management (FNS40115) is a nationally recognised training qualification and part of the official Financial Services Training Package.

Recognition of Prior Learning

The skills and knowledge that you bring to your studies through previous education or employment experience may be credited towards specific units in this course, which can help to shorten your course duration. Please enquire with a course provider to find out more.

Tafe

The Certificate IV In Credit Management (FNS40115) is not available from any Tafe institutions on our database but may be available from other registered training organisations with Government Funding available in your area. See Course Providers.

Average Course Fee

$500

Average Duration

12 months

Online providers

On-campus providers

Nationally Recognised Training

Suitable For

This course is ideal for people who have the following knowledge, skills or abilities:

Critical Thinking

Evaluating the benefits and costs of different solutions for a problem.

Customer and Personal Service

Such as understanding customer needs, providing good quality service, and measuring customer satisfaction.

Economics and Accounting

Economics and accounting, the financial markets, banking and checking and reporting of financial data.

Mathematics

Arithmetic, algebra, geometry, calculus, or statistics.

Outcomes

54.3% of people gained improved employment status after studying this course.

This course can help you get a job as:

Job TitleAvg Salary
Credit Manager$1,340 weekly pay
Credit Officer$1,250 weekly pay
Collections Officer$1,250 weekly pay
Loan Officer$1,150 weekly pay

This course can help you progress to:

Job TitleAvg Salary
Bank Manager$2,400 weekly pay

Subjects

You will be required to complete a number of units of competencey for this qualifiation. Example units have been provided below but may vary for each provider.

FNSCRD401
Assess credit applications

This unit describes the skills and knowledge required to assess and verify information provided in credit applications, establish credit terms and limits, and notify customers of credit application outcomes. It applies to individuals who may use a range of organisational techniques to manage credit and debt recovery.

FNSCRD402
Establish and maintain appropriate security

This unit describes the skills and knowledge required to determine and implement appropriate security options in relation to individual customers to protect the organisation against loss and exposure. It applies to individuals who may use a range of specialised techniques and strategies to manage their work outcomes.

FNSCRD403
Manage and recover bad and doubtful debts

This unit describes the skills and knowledge required to correctly identify bad debts, negotiate with customers and ascertain means of recovery using actions in line with relevant credit policy. It applies to individuals who work cooperatively with others using a range of managerial and negotiation techniques to facilitate debt recovery processes.

FNSCRD404
Utilise the legal process to recover outstanding debt

This unit describes the skills and knowledge required to initiate and complete the legal process relating to the recovery of outstanding debt when briefing legal practitioners. It applies to individuals who may use a range of analytical and organisational techniques to assess, organise and implement the requirements of debt recovery processes in cooperation with others.

FNSCRD405
Manage overdue customer accounts

This unit describes the skills and knowledge required to identify customer accounts which have outstanding payments and negotiate agreements that are monitored for compliance or further action. It applies to individuals who may use a range of organisational and negotiation skills to plan, manage and monitor their work. This unit may be adapted to meet a range of debt recovery and debt management job roles.

Enquire now for a full list of subjects

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Government Funding

Enquire with a provider for more details.

Course Providers

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Government Funding
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