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What does a credit provider do? – Tasks and work environment

A credit provider in the banking and finance sector is responsible for assessing and granting loans and other credit forms to individuals and companies. Tasks include credit assessment, risk analysis, customer contact, drafting credit agreements, and monitoring repayments. Credit providers often work closely with other bank officers, advisors, and sometimes legal experts. The role requires a strong ability to handle numbers, analyze financial data, and make decisions under time pressure. The work environment is primarily office-based and characterized by a fast pace, where digital tools and customer meetings – both physical and digital – are an integral part of daily life.

Salary development over time

Over the past three years, the salary for credit providers has shown a clear upward trend. In 2022, the average salary was 42,500 SEK per month, which increased to 44 200 SEK in 2023. In 2024, the average salary has reached 47 400 SEK, representing a total increase of approximately 11.5% over three years. This salary increase can largely be explained by the high demand for qualified credit providers in the banking sector and an increased focus on credit risk management in line with changing economic conditions. Additionally, increased qualification requirements and digitalization have contributed to a higher valuation of the profession. Despite this positive salary trend, significant gender pay gaps remain, which is a challenge for the industry to address moving forward.

Credit provider salary – comprehensive overview

• Average salary: 47 400 SEK/month
• Lowest salary: 40,700 SEK/month (female, private sector, post-secondary education < 3 years)
• Highest salary: 59,900 SEK/month (male, private sector, post-secondary education ≥ 3 years)
• Hourly wage: 285 SEK/hour
• Women: 43 600 SEK/month
• Men: 52 800 SEK/month
• Women earn: 83% of what men do

Education and qualifications

To work as a credit provider, a post-secondary education in economics, finance, or related fields is usually required. Many employers prefer a bachelor's degree, but vocational college programs and relevant certifications are also valid pathways. Certifications and courses in credit assessment and risk analysis are often advantageous, and internships or trainee programs provide valuable experience. The ability to quickly understand regulations and digital systems is an important prerequisite for success in the role.

• Bachelor's degree in economics or finance: 3 years
• Vocational college program: 2 years, often with focus on banking and credit
• Certifications: Courses in credit assessment, risk management, and regulations
• Internship/Trainee: Common in larger banks
• Strong analytical skills: Often tested during recruitment

Common benefits and compensations

Credit providers are often offered benefits such as occupational pension, wellness contributions, and performance-based bonuses. Other common benefits include flexible working hours, subsidized lunches, and remote work options, especially within larger banks and finance companies. Further, skills development and internal career paths are considered an important part of the total compensation package.

Competition and challenges

The competition for positions as a credit provider is relatively balanced, with a moderate number of vacancies and stable demand for the profession. Digitalization and increased regulatory requirements demand higher technical understanding and the ability to interpret complex regulations. A challenge is to stay continuously updated on laws and industry standards while customer needs and expectations change rapidly. Additionally, the profession requires high integrity and accuracy, as decisions often have significant financial consequences for both clients and employers.

Tips for those who want to become a credit provider

To succeed as a credit provider, it is good to combine analytical skills with strong communication abilities. A concrete tip is to gain customer contact experience early, as this develops both service skills and the ability to handle complex situations. Meticulousness and responsibility are crucial qualities, as credit decisions often involve large financial commitments. Keeping up with new digital tools and regulations provides a competitive advantage and shows engagement. Flexibility and the ability to collaborate with various professional roles facilitate daily work and contribute to an efficient workflow. Finally, it is important to be solution-oriented and able to handle stress, as workload can be high at times and decisions must be made quickly.

Key facts about Credit Providers

• Education level: Bachelor's degree or YH education in economics
• Work environment: Office-based, often in open-plan offices
• Demand: Moderate opportunities nationwide
• Typical employers: Banks, credit institutions, and finance companies
• Gender distribution: Significant salary differences between women and men

Career paths and future prospects

After three to five years in the profession, a credit provider can advance to roles such as senior credit assessor, credit manager, or specialized advisor in corporate credits and risk management. Opportunities also exist to move into other leadership positions within banking and finance, such as compliance or business development. According to the Swedish Public Employment Service's forecasts, the demand for banking officers, including credit providers, is stable and expected to remain unchanged over the next five years. The recruitment situation is considered balanced, meaning there are good opportunities for employment for those with the right skills and education. For those interested in advancing within the finance industry, the profession offers good career prospects and a broad network of contacts.

Frequently asked questions about Credit Providers

• What does a Credit Provider earn?
  - A credit provider has an average salary of 47 400 SEK per month, but the salary varies depending on experience, education, and employer.
• Are there significant salary differences between women and men?
  - Yes, women earn on average 83% of what men do within the profession.
• What education is required to become a credit provider?
  - The most common requirement is a bachelor's degree in economics, but vocational college programs and relevant certifications are also valid pathways.
• What is the job market like for credit providers?
  - The job market is balanced with moderate opportunities and approximately 550 vacant positions nationwide within the profession.
• What is the highest and lowest salary for a credit provider?
  - The highest salary is 59,900 SEK and the lowest 40,700 SEK per month, depending on education and sector.
• What personal qualities are important in the profession?
  - Analytical skills, meticulousness, responsibility, and good communication are central qualities for a successful credit provider.