Job Brief
As a Loan Analyst, you will evaluate, authorize, and recommend approval for various types of loans, including commercial, real estate, and credit loans. This role requires expertise in financial analysis and strong communication skills to advise borrowers on their financial status and optimal payment methods. Ideal candidates will have a background in finance or a related field, with a focus on loan underwriting and risk assessment.
Responsibilities
- Evaluate loan applications and assess creditworthiness of individuals and businesses.
- Perform detailed financial analysis to determine loan eligibility and risk factors.
- Authorize or recommend approval of mortgage, commercial, and personal loans.
- Advise borrowers on loan terms, conditions, and payment methods.
- Conduct regular reviews of existing loans and monitor payment schedules.
- Collaborate with loan officers and underwriters to facilitate loan processing.
- Ensure compliance with financial regulations and internal policies.
- Prepare comprehensive reports on loan performance and borrower credit status.
Requirements
- Bachelor’s degree in Finance, Business Administration, or a related field.
- Proven experience as a Loan Analyst or in a similar financial role.
- Strong analytical skills with proficiency in financial modeling and risk assessment.
- Excellent communication and interpersonal skills for effective borrower interaction.
- Familiarity with loan processing software and financial analysis tools.
- Knowledge of lending regulations and compliance standards.
- Ability to work independently and manage multiple loan applications simultaneously.
Similar Job Titles
- Loan Underwriter
- Credit Analyst
- Mortgage Loan Officer
- Collection Analyst
- Loan Servicing Officer
- Commercial Loan Officer
- Financial Analyst
- Payday Loan Officer
