Loan Officers :

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.

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About the Job

Indiana Average Salary $66,680.00
Average Time to Fill 81 days
Typical Education Bachelor's Degree
Typical Experience Over 2 years, up to and including 4 years
10 Year Projected Openings (2016-2026) 4,363
10 Year Expected Percentage Change (2016-2026) 9.89 %

For more information on the new projection methodology, visit Hoosiers by the Numbers .

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Skills Profile

Essential (Soft) Skills

Essential Skills to Employers

Critical Thinking
Attention to Detail
Oral Communication
Information Gathering
Resource Allocation
Written Communication
Following Directions
Numerical and Arithmetic Application
Conflict Management
Technology and Tool Usage
Intellectual Risk-taking

Top Job Duties and Responsibilities

Analyzing Data or Information

Assess financial status of clients
Analyze applicant financial status
Analyze credit information
Examine financial documents to identify or verify concerns
Examine financial records or processes
Analyze financial data or information
Identify financial risks to company
Evaluate degree of financial risk
Analyze market conditions or trends
Review customer records

Making Decisions and Solving Problems

Approve/Disallow application or license
Authorize credit charges
Approve/Deny loan applications
Authorize contractual actions or expenditures
Approve/Deny credit applications
Appraise personal property or equipment
Appraise real estate values

Interpreting the Meaning of Information for Others

Explain available financial assistance
Confer with customer to review terms of credit or payment plan
Interpret financial information for others
Explain credit application information
Conduct financial presentations

Evaluating Information to Determine Compliance with Standards

Verify bank or financial transactions
Verify signatures for financial transactions
Review credit applications
Verify information for credit investigations
Verify accuracy of financial or transactional data

Real-Time Job Posting Statistics

Booster Skills & Certifications

Job Seekers possessing booster skills & certifications, such as those listed below, added to core skills are more marketable, harder to find and expensive to hire.

Hard to Fill: Employers find positions requiring these skills to be hard to fill. These skills and certifications make a job seeker more in demand because the skills are not widely available.

Expensive to Fill: Employers find positions requiring these skills to be expensive to fill. Job seekers with these skills and certifications are likely to earn more money.

Skill or Certification Certi - fication Hard to Fill Expensive to Fill
Classroom Training
Conflict Management
Commercial Lending
Cash Flow Analysis
Business Management

Department of Workforce Development Resources