Credit Skills Assessment Online
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Business Issue - A strong credit culture is only realized through day-to-day quality decision-making by a financial institution’s lending professionals. Lending decisions based on sound standards that are applied consistently ensure well-managed credit risk and steady profitability. Given the diversity of lenders’ backgrounds, experience, and training found in most financial institutions today, it is all the more important to ensure that the foundation for consistent performance is in place.
Omega Performance's Solution - The Credit Skills Assessment Online is an objective, competency-based test that measures the full range of foundation skills for a lender, from understanding financial statements to structuring a loan. It is available in four standard versions and features multi-language functionality. Each version is divided into topic areas, which are scored separately so the organization can clearly identify the training needs. The results of the assessment are used to diagnose individual training needs and to match training to identified gaps in skills, ensuring all lenders are brought to the same level of consistent performance.
What Is Included
The Credit Skills Assessment comprises 25 individual modules that test for critical abilities in accounting, lending (commercial, small business, real estate, and consumer), loan documentation, and loan management. You may select the comprehensive standard Credit Skills Assessment or one of three targeted assessments that focus on commercial credit, small business credit, or consumer lending skills.
Delivery Options
The Credit Skills Assessment is delivered online. Online delivery offers organizations many advantages including the elimination of travel costs, the convenience of 24/7 accessibility, the flexibility to assess one lender or the entire organization, automated scoring with immediate results, and efficient management reporting. For a complimentary online demonstration, please visit our website at www.omega-performance.com.
Results You Can Expect
The Credit Skills Assessment Online helps you to:
- Confirm your lenders are proficient in critical accounting and analytical disciplines
- Manage risk by achieving a high level of lending competency
- Conduct secure, self-guided assessment anytime, anyplace
- Immediately pinpoint areas for personal skill development
- Highlight key development areas for new hires or internal transfers to the credit function