Revenue Agent
Investigate federal income tax returns to verify or amend tax liabilities.
Loan Administrator
Provide administrative support to the loan department of a bank. Also known as Financial Aid Administrator, Loan Auditor See More
In a bank, the Loan Administrator is the person responsible for investigating potential borrowers and determining their eligibility for a loan. If a client has bad credit history, a traditional loan might not be an option, so you find them an alternative solution. Once you’ve found a loan as the Loan Administrator, you explain it to your client, and then you establish a repayment plan.
You may also be asked to do some sales when you’re a Loan Administrator. This involves seeking out clients who need loans, and arranging meetings so you can secure their business.
In addition to this hands-on loan work, you provide secretarial support to the senior Loan Officer (in particular), and the Loan Department (in general). In this role, you gather data, write various reports, collect loan files, coordinate meetings, and perform other clerical and administrative tasks.
Sure, you have to deal with customer complaints, delinquent loan payments, and other financial headaches and deadlines on a daily basis. But you also get to work with applicants closely, and help them identify as well as reach their goals. Stressful, no doubt, but rewarding.
Personality Traits
Calm Under Pressure: You keep your cool when dealing with highly stressful situations.
Ready for a Challenge: You jump into new projects with initiative and drive.
High Achiever: You love the challenge of tackling difficult work.
Salary and Education
How much does a
Loan Administrator make?
Nationally: $31,000 – $112,000
Main education level: Associates
source: US Dept of Labor
Become a Loan Administrator
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