Credit Skills Inventory

The first step in performance improvement is knowing where you stand. The Credit Skills Inventory can provide you with an organisational snapshot of the level of commercial credit knowledge and skill at the organisation, division or team level.

Why Credit Skills Inventory?

Credit Skills Inventory will provide you with critical information to help you understand your organisation's level of risk in your loan assets.

Most financial institutions have personnel from a variety of backgrounds and levels of experience. This assessment can benchmark the level of commercial credit knowledge held by your staff, whether they are existing employees, new hires or personnel acquired through an acquisition or merger.

Who Should be Trained?

Credit Skills Inventory is recommended for financial institutions that can benefit by knowing, at an organisational or department level, the lending skills of groups, including:

• Relationship managers
• Credit underwriters
• Credit portfolio managers
• Credit analysts
• Credit officers
• Loan review staff

Delivery Method

Credit Skills Inventory is a timed, online assessment that can be taken either in a monitored classroom or unsupervised at individual workstations. Scoring is automated and management reporting of results is provided.

Results

Credit Skills Inventory helps you:

• Assess the level of competency of your commercial credit organisation
• Recognise the strengths and weaknesses of your lending staff
• Manage risk by achieving a high level of lending competency
• Determine the level of commercial credit training need within your organisation
• Measure how your financial institution stacks up against other financial institutions of the same asset size

What is Included?

Credit Skills Inventory includes a fifty- to sixty-question assessment, management reporting, and results consulting. The assessment includes both calculation and application-based questions. Topics measured include the following:

• Financial Accounting from a lending perspective
• Borrowing causes
• Industry and business risk
• Financial statement analysis
• Cash flow analysis
• Projections and sensitivity
• Loan Structure

Omega Key Differentiators

• Questions are objective based assessing critical skills and knowledge that successful commercial lenders should know
• Drawn from a dynamic pool so that each individual is tested on their knowledge of the objective but does not necessarily receive the same questions as another individual
• Results are analysed and discussed with you by an expert Omega Commercial Credit Consultant
• Can lead to a more laser-focused assessment via Omega's Individual Credit Skills Inventory on the full topic or focused in on particular areas for improvement

Learning Method: