A consumer loan branch manager deals with everything and anything finance. Salary.com shows us the median salary of this type of profession, which is around $58k. This Consumer Loan Branch Manager Job Description lets us know what one can expect to make after proper schooling and a reasonable amount of experience.
Consumer loan branch managers oversee loan activity and involve themselves with anything dealing with loans, achieving profit dealing with loans, reducing the amount of loans that go delinquent, and achieve a greater rating in which loans are handled and given out. It is not an easy job, nor is it a responsibility to be taken lightly as many banks survive particularly on loans. The U.S. Department of Labor lists some duties of branch managers as employees that contact and follow-up with people who may need loans, explain the different policies and procedures of the loan, verify if the person would be a good candidate for this loan, and approve, or deny, them their application of the loan.
Another Consumer Loan Branch Manager Job Description shows us that this type of loan officer specializes in loans to people. There are various types of loan branch managers that do not deal with loans to people, but this Consumer Loan Branch Manager Job Description does. From the moment people first apply, to being approved or denied, the loan branch manager will stay with the applicants from the start to finish. In order to start as a consumer loan branch manager, you must have a high school diploma and quite possibly a bachelor’s degree in finance, economics, or any such related field involving business or accounting. This profession is expected to be one of highest growing professions of the country from the year 2010 to 2020. Many people apply for loans every single day, whether for personal use or business-related issues. This shows no signs of slowing down anytime soon.
The role of a consumer loan branch manager is a hard one, but can be a lucrative and fulfilling one when proper steps are taken. It all deals with finance and money and you should have a strong feel for numbers and a great attitude when dealing with people. Although this involves money, there is still a strong sense of customer service that should not be taken lightly in this field. Once you have all that squared away, you will be on your way to becoming a branch manager faster than you think.