Loan Officer

Tech, Sales and Support Services

Organize

Step by step, place became property, property became a mortgage, and mortgages became derivative investments.

Douglas Rushkoff
Loan Officer

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  

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Potential Salary Range

$63,000 Annually

Which provinces would this job be in?

Alberta AB
Alberta
British Columbia BC
British Columbia
Manitoba MB
Manitoba
New Brunswick NB
New Brunswick
Newfoundland & Labrador NL
Newfoundland & Labrador
Nova Scotia NS
Nova Scotia
Nunavut NU
Nunavut
Northwest Territories NWT
Northwest Territories
Ontario ON
Ontario
Prince Edward Island PEI
Prince Edward Island
Quebec QC
Quebec
Saskwatchewan SK
Saskwatchewan
Yukon Territories 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
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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. 

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The Best Things About This Job Are…

Pays Well
Helps Others
Has Business Perks
Opportunity to Travel
Flexible Work Environment