About the role
Loan managers are responsible for the lending activities within banks and financial institutions. They often have a background in economics, finance, or law and usually have advanced education or extensive experience from the financial sector. Their role is strategic and includes leading and developing the bank's loan portfolio.Responsibilities
Loan managers oversee credit processes, assess risks, and make decisions on loan applications. They are responsible for maintaining and improving the quality of the loan portfolio as well as for leading and coaching loan officers. They also ensure that the operations comply with laws and regulations.Skills and tools
Loan managers must have good analytical skills, be proficient in risk assessment, and have strong leadership qualities. They use tools for credit analysis, risk management systems, and are often reliant on advanced IT systems. Good skills in communication and negotiation are also important.