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Qualification details

FNS40120 - Certificate IV in Credit Management (Release 1)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Supersedes FNS40115 - Certificate IV in Credit Management 30/Jun/2020
Is superseded by and equivalent to FNS40122 - Certificate IV in Credit ManagementSupersedes and is equivalent to FNS40120 Certificate IV in Credit Management. 14/Jun/2022

Releases:
ReleaseRelease date
1 1 (this release) 01/Jul/2020


Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnUsage RecommendationSort Table listing Units of Competency by the Usage Recommendation columnEssentialSort Table listing Units of Competency by the Essential column
BSBCMM301 - Process customer complaintsProcess customer complaintsSupersededElective
BSBCNV506 - Establish and manage a trust accountEstablish and manage a trust accountSupersededElective
BSBCUE203 - Conduct customer engagementConduct customer engagementSupersededElective
BSBCUS403 - Implement customer service standardsImplement customer service standardsSupersededElective
BSBFIA401 - Prepare financial reportsPrepare financial reportsSupersededElective
BSBLDR403 - Lead team effectivenessLead team effectivenessSupersededElective
BSBMGT405 - Provide personal leadershipProvide personal leadershipSupersededElective
BSBSMB407 - Manage a small teamManage a small teamSupersededElective
BSBWOR501 - Manage personal work priorities and professional developmentManage personal work priorities and professional developmentSupersededElective
FNSACC411 - Process business tax requirementsProcess business tax requirementsCurrentElective
FNSCRD401 - Assess credit applicationsAssess credit applicationsCurrentCore
FNSCRD402 - Establish and maintain appropriate securityEstablish and maintain appropriate securitySupersededCore
FNSCRD403 - Manage and recover bad and doubtful debtsManage and recover bad and doubtful debtsSupersededCore
FNSCRD404 - Utilise the legal process to recover outstanding debtUtilise the legal process to recover outstanding debtCurrentCore
FNSCRD405 - Manage overdue customer accountsManage overdue customer accountsSupersededCore
FNSCRD503 - Promote understanding of the role and effective use of consumer creditPromote understanding of the role and effective use of consumer creditSupersededElective
FNSCUS402 - Resolve disputesResolve disputesSupersededCore
FNSINC411 - Conduct work according to professional practices in the financial services industryConduct work according to professional practices in the financial services industryCurrentCore
FNSINC503 - Identify situations requiring complex ethical decision makingIdentify situations requiring complex ethical decision makingSupersededElective
FNSINC504 - Apply ethical frameworks and principles to make and act upon decisionsApply ethical frameworks and principles to make and act upon decisionsSupersededElective
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 552211 Credit and Loans Officer (Aus) / Finance Clerk (NZ)  
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 
Qualification/Course Level of Education Identifier 511 Certificate IV 
Taxonomy - Industry Sector N/A Financial Services 
Taxonomy - Occupation N/A Credit and Loans Officer,Senior Credit Officer 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 552211 Credit and Loans Officer (Aus) / Finance Clerk (NZ)  13/Aug/2020 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 13/Aug/2020 
Qualification/Course Level of Education Identifier 511 Certificate IV 01/Jul/2020 
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Modification History

Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 4.0.

Qualification Description

This qualification reflects entry level job roles in credit management functions. Individuals in these roles apply theoretical and technical knowledge and skills to work autonomously and exercise judgement in completing routine and non-routine activities relating to credit, reconciliation and customer service.

Licensing/Regulatory Information

Work functions in the occupational areas where this qualification is used may be subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements.

Entry Requirements

Nil

Packaging Rules

Total number of units = 12

9 core units  plus

3 elective units  of which:

  • 2 units must be selected from the electives listed below,
  • 1 unit may be selected from the remaining listed electives or any currently endorsed training package qualification or accredited course at Certificate III or above.

Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment and contribute to a valid vocational outcome.

Core Units

FNSCRD401 Assess credit applications

FNSCRD402 Establish and maintain appropriate security

FNSCRD403 Manage and recover bad and doubtful debts

FNSCRD404 Utilise the legal process to recover outstanding debt

FNSCRD405 Manage overdue customer accounts

FNSCUS402 Resolve disputes

FNSINC411 Conduct work according to professional practices in the financial services industry

FNSORG411 Conduct individual work within a compliance framework

FNSRSK411 Apply risk management strategies to own work

Elective Units

BSBCUE203 Conduct customer engagement

BSBCMM301 Process customer complaints

BSBCNV506 Establish and manage a trust account

BSBCUS403 Implement customer service standards

BSBFIA401 Prepare financial reports

BSBMGT405 Provide personal leadership

BSBSMB407 Manage a small team

BSBLDR403 Lead team effectiveness

BSBWOR501 Manage personal work priorities and professional development

FNSACC411 Process business tax requirements

FNSCRD503 Promote understanding of the role and effective use of consumer credit

FNSINC503 Identify situations requiring complex ethical decision making

FNSINC504 Apply ethical frameworks and principles to make and act upon decisions

FNSRSK512 Assess risks

Qualification Mapping Information

No equivalent qualification. Supersedes and is not equivalent to FNS40115 Certificate IV in Credit Management.

Links

Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe