We calculated that 20% of Loan Analysts are proficient in Loan Portfolio, Financial Statements, and Customer Service. They’re also known for soft skills such as Detail oriented, Initiative, and Interpersonal skills.
We break down the percentage of Loan Analysts that have these skills listed on their resume here:
- Loan Portfolio, 20%
Gained invaluable financial and customer service experience managing an adversely classified loan portfolio during one of the most challenging agriculture recessions.
- Financial Statements, 12%
Processed corporate loans by analyzing financial statements, company prospects, and macro environment to determine pricing and underwriting procedure.
- Customer Service, 10%
Recognized for exceptional customer service by both internal and external clients; amassed awards for exceptional customer service.
- Real Estate, 7%
Processed documentation required to close real estate loans, ordered title policies to verify encumbrances for satisfactory lien position.
- Ensure Compliance, 7%
Perform examination and reconstruction of borrower's files to ensure compliance with guarantor requirements of all pertinent borrows account information.
- Loan Applications, 6%
Evaluated new loan applications to insure proper completion and submission of required financial information to facilitate financial credit analysis.
"Loan Portfolio," "Financial Statements," and "Customer Service" aren't the only skills we found Loan Analysts list on their resumes. In fact, there's a whole list of Loan Analyst responsibilities that we found, including:
Detail oriented can be considered to be the most important personality trait for a Loan Analyst to have. According to a Loan Analyst resume, "Each piece of information on an application can have a major effect on the profitability of a loan, so loan officers must pay attention to detail." Loan Analysts are able to use Detail oriented in the following example we gathered from a resume: "Ensured accuracy and completeness of data entry with the ability to pay good attention to small detail. " While it may not be the most important skill, we found that many Loan Analyst duties rely on Initiative. This example from a Loan Analyst explains why: "Loan officers need to seek out new clients." This resume example is just one of many ways Loan Analysts are able to utilize Initiative: "Developed and administered secondary market initiatives Generated new leads including mortgage sellers and purchasers. " Another skill that is quite popular among Loan Analysts is Interpersonal skills. This skill is very critical to fulfilling every day responsibilities as is shown in this example from a Loan Analyst resume: "Because loan officers work with people, they must be able to guide customers through the application process and answer their questions." This example from a resume shows how this skill is used: "have strong analytical, interpersonal and both verbal and written communication skills. " See the full list of Loan Analyst skills.
Before becoming a Loan Analyst, 65.5% earned their bachelor's degree. When it comes down to graduating with a master's degree, 7.8% Loan Analysts went for the extra education. If you're wanting to pursue this career, it may be possible to be successful with a high school degree. In fact, most Loan Analysts have a college degree. But about one out of every seven Loan Analysts didn't attend college at all.
Those Loan Analysts who do attend college, typically earn either Business degrees or Finance degrees. Less commonly earned degrees for Loan Analysts include Accounting degrees or Economics degrees.
Once you've obtained the level of education you're comfortable with, you might start applying to companies to become a Loan Analyst. We've found that most Loan Analyst resumes include experience from The PNC Financial Services Group, Citigroup, and JPMorgan Chase & Co. Of recent, The PNC Financial Services Group had 100 positions open for Loan Analysts. Meanwhile, there are 16 job openings at Citigroup and 11 at JPMorgan Chase & Co.
But if you're interested in companies where you might earn a high salary, Loan Analysts tend to earn the biggest salaries at Citigroup, First Republic Bank, and BGC Partners. Take Citigroup for example. The median Loan Analyst salary is $118,741. At First Republic Bank, Loan Analysts earn an average of $113,157, while the average at BGC Partners is $81,269. You should take into consideration how difficult it might be to secure a job with one of these companies.
View more details on Loan Analyst salaries across the United States.
Some other companies you might be interested in as a Loan Analyst include Wells Fargo, Bank of America, and JPMorgan Chase. These three companies were found to hire the most Loan Analysts from the top 100 U.S. educational institutions.