Students Organize Career Profile Loan Officer Food badges: Tech, Sales and Support Services Holland Code: Organize Step by step, place became property, property became a mortgage, and mortgages became derivative investments. Douglas Rushkoff Erin Sears Nova Scotia Farm Loan Board In A Nutshell I help customers get the money they need for their business I try to understand peoples’ financial situation and determine how much money we can loan them I monitor the status of money we’ve leant out and make sure the best interests of our company are being considered Swipe Potential Salary Range $63,000 Annually Which provinces would this job be in? AB Alberta BC British Columbia MB Manitoba NB New Brunswick NL Newfoundland & Labrador NS Nova Scotia NU Nunavut NWT Northwest Territories ON Ontario PEI Prince Edward Island QC Quebec SK Saskwatchewan YT Yukon Territories I usually work out the of office, and clients come to me. I try to make it a positive and trusting environment so we all feel comfortable talking openly about finances. Workplace Indoor Job Requirements & Duties Meet with customers to understand what they’re hoping to do with a loan Evaluate customers’ financial situations to determine whether they would be responsible with paying back their loan Explain the risks and conditions of a loan to customers and make sure they completely understand the process Collect documentation and get it signed so it can be processed properly Follow up with customers that aren’t paying back their loans as they promised Stay up to date with global financial trends and understand how different economies are doing Education & Training A university degree in finance or another business-related field is required for this job 100all Job Outlook The demand for this job is expected to grow at a faster-than-average rate. This means the outlook is good, as people will continue to need money to start and grow their businesses. Related School Subjects 69 Math Social Studies Career Education What words come to mind when thinking about this career? Finances Money Investment Important Skills Money Management The most obvious thing about working in finance is you have to feel comfortable managing money. Some people think in dollar signs, and that’s the right mentality to have in this industry. Customer Service It’s very important customers that work with our company feel they’re being listened to and cared for. It’s how we make sure they’ll come back to our company for any future loans they need. Organizational I'm likely working with many clients at the same time and dealing with lots of numbers; it’s important that I can organize my time and customers so that everyone is treated fairly and given the attention they deserve Decision Making At the end of the day, I am the one to make decisions on which customers are approved for a loan. It’s important that people in this job feel comfortable taking the reigns and making those hard decisions with confidence. Swipe The Best Things About This Job Are… Pays Well Helps Others Has Business Perks Opportunity to Travel Flexible Work Environment Similar Careers Financial Analyst & Planner Accountant Insurance Adjuster Helpful Links Career Profile - Loan Officer YouTube - Loan Officer Salary (2019) Infographic - Pros and Cons of Working Remotely as a Loan Officer Infographic - How to Detect a Dishonest Mortgage Officer Career Glossary Loan Economy References Loan Officer Job Description. (2019) Loan Officer Job Description. (2020). Disclaimer All career information has been gathered from a variety of sources and compiled to provide a general idea as to what each career could entail. Agriculture in the Classroom Canada is committed to doing our best to ensure the information is current and reliable. However, we will not be liable for the accuracy of the information. Please contact us if you notice errors or would like to provide feedback.