HOW TO GET THERE
Typical pathway
A typical path starts with high school courses in math, English, and business or computer studies. After graduation, many people take a college diploma or university program in business, finance, marketing, or financial services, though some employers may accept related experience. Co-op, internships, or part-time work in a bank or credit office can help build customer service, paperwork, and basic lending skills. Entry-level work in financial services may lead to loan officer roles with on-the-job training. Requirements can vary by employer, province, and the type of loans handled.
THE WORK
What you may do
Legacy duties
- Interview applicants for personal, mortgage, student and business loans
- Research and evaluate loan applicant's financial status, references, credit and ability to repay the loan
- Complete credit and loan documentation
- Submit credit and loan applications to management with recommendations for approval or rejection, or approve or reject applications within authorized limits ensuring that credit standards of the institution are respected
- Promote the sale of credit and loan services
- Review and update credit and loan files
- Prepare statements on delinquent accounts and forward irreconcilable accounts for collector action.
SKILLS TO BUILD
Skills used in this Career
AssessmentComputer LiteracyFinancial Decision Making