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Loan Manager Resume Sample
Having 8 years+ experience in core Financial Inclusion, Microfinance and Rural Business sales & Collection (Microfinance, Individual Business Loan, Business Correspondent with JLG+SHG model & Banking outlets).
Manager – Individual Business Loan Coordinator
RBL Finserve Ltd
- Co-coordinating with the sales team in terms of sales/collection payment for Individual Business Loan product.
- Close tracking and coordination with the branch leadership and on-field team to ensure timely collections against the target.
- Implementing the strategy for collection
- Monitoring adherence to credit and collection processes and operations.
- Co-ordination with branch leadership and generate a lead for the monthly sales target.
- Co-ordination with the Ops team to convert all successful sales lead into the BBND.
- Preparing MIS reports providing feedback to top management on business operations, viz collection, Sales & Various Dashboards etc.
- Monthly review with the field team.
Assistant Manager – Financial Inclusion
RBL Bank Ltd
- As Assistant Manager- Financial Inclusion, worked with 198 CSP/VLE, 1 CRM and 5 CRO.
- Manage end-to-end Financial Inclusion initiatives for the bank.
- Responsible for Micro Saving, Micro Insurance and Micro Pension business to the bank.
- Intra-department coordination for full filling various activities pertaining to Financial Inclusion.
- Achievement – 93000 accounts opened under PM JDY scheme in 2014.
Manager- Financial Inclusion
RBL Bank Ltd
- As a Manager- Financial Inclusion, worked with 198 CSP/VLE, 1 CRM and 5 CRO.
- Manage end-to-end Financial Inclusion initiatives of the bank.
- Manage Products like Basic Saving Bank Deposit Account (BSBDA) & Small Accounts sourced through Braches & Business Correspondent.
- Carry out Product development/enhancement/changes as and when required.
- Coordinate with Branches for achieving annual BSBDA & Small A/C budget.
- Marketing Activity.
- End-to-end Coordination with Business Correspondents who are extended arms of the bank serving customers in branch-less locations.
- Coordination for sourcing/scale-up of existing projects.
- New project/product/process development.
- Evaluation/on-boarding of new BC as and when required.
- Intra-department coordination for full filling various activities pertaining to Financial Inclusion.
- Achievement – Achieved 40000 milestones under PM Social Security Scheme in 2015-2016.
Development Officer – II- RIBG
ICICI Bank LTD
- Responsible for Source, Disburse, and Collection for the SHG & JLG account through SHPI and other BC Channel.
- Build relationships with SHPI (Self Help Promoting Institutions) and generate business through them.
- Manage monthly collection from the customer in the form of monthly installments.
- Train and nurture the women of rural areas for their development.
- Achieve sales targets by adding value to the relationship with the customers.
- Maintain relationship with the customers.
- Collection of money from the customers.
- Achieve monthly sales targets
- Identify and generate business opportunities through new SHIP
- Ensure timely collection from customers
- Ensure that delinquencies are maintained at the lowest levels.
Master of Business Administration
Northeastern University Boston, Massachusetts
University of Southern California
Career Expert Tips:
Loan Manager Resume with Writing Guide
If you’re looking for a Loan Manager position, then you’ll want to write the perfect resume.
A successful resume will be tailored to your industry and include keywords that potential employers are looking for. And the cover letter should address what skills and experience make you a qualified candidate.
Take a look at how to write the perfect Loan Manager resume below.
Get started Start writing your Loan Manager resume now. Use our sample resumes as a guide to create your own professional document. Need More Help? Take a look at our cover letter examples, as well as our tips and warnings about what NOT to do! Looking for Resume Formats? There are many ways that you can format your Loan Manager resume.
Loan Manager Resume Writing Guide:
- Loan Officer – Should I Call Myself a Loan Officer? The Loan Officer title is a bit dated these days. It used to be the realm of loan officers in small offices and financial institutions, but now more firms are making use of the title to describe people who are employed by banks and other lenders in various capacities. You can find positions listed under this heading at many companies, including some Fortune 1000 companies.
- Overview of a Loan Manager Resume – The most important thing to keep in mind when writing your resume is to make it personal. Every company has its own style and its own specific needs. Even if two financial institutions offer similar services, they are likely to have very different organizational structures, funding sources and lending practices.
- How Do I Put Together a Loan Manager Resume? Use the following tips for putting together an effective resume: Â· A resume is not a complete listing of everything you have ever done or worked on. Â· A resume is a marketing document that indicates why you are the best person for a particular job.
- Loan Manager Resume Format – Follow these simple tips when formatting: Â· Use the same font on your resume that you use in your Keyword Summary/Profile. Â· Do not underline or write in all capital letters except for the start of sentences. Â· Remove any extra spaces or tabs between lines of type. Â· There should be no more than one inch of space between paragraphs.
List of Typical Responsibilities For a Loan Manager Resume:
- Develop and oversee processes, controls and procedures to manage the lending function of a company.
- Plan, structuring and implementing programs to meet corporate objectives for growth in revenue and market share
- Directs internal operations activities of the branch offices, including all personnel activities, capital planning, credit underwriting and loan administration
- Hire, train, direct and evaluate activities of loan officers or lending salespersons
- Develop the portfolio of loan types and lendable programs that should be available to meet the credit requirements of individual customers
- Maintain liaison with other departments, regulatory agencies, government officials and private lenders or investors.
- Supervise subordinate managers, formulating work schedules and appraising job performance
- Review loans for compliance with company policies and applicable laws, rules, standards and regulations.
- Plan and direct activities of subordinates to ensure that customers’ needs are consistently and efficiently met
- Review the progress of loans in process from origination to final settlement, monitoring for compliance with policies or standards set by the company
- Advise management on implementation of changes in technology, economic trends or company growth strategies
- Monitor budgeting, loan administration, underwriting and quality control procedures to ensure the efficient use of both human and financial resources
Top 10 Must-have Loan Manager Skills:
- Communication skills: Loan managers should be excellent communicators, both orally and in writing.
- Analytical skills: Loan managers must be able to distinguish the difference between a good loan and a bad one. Loan managers should also pay attention to trends within the industry to determine where loans are going (and where they’ll be in the future).
- Decision-making skills: Good loan decisions have consequences, and good risk decisions have consequences. Loan managers should be able to make good decisions to benefit the company and its shareholders.
- Time management skills: Loan managers must prioritize their workload and make sure the most important tasks are completed first.
- Attention to detail: Loan managers need to pay attention to the fine print when it comes to loans and be familiar with the laws in their country, which may affect how they operate (such as consumer protection laws).
- Planning skills: Loan managers must have a clear plan for projects in order for them to run smoothly.
- Problem-solving skills: Loan managers should be able to think outside the box and come up with creative solutions to the problems they face.
- Leadership skills: Loan managers need to be good leaders, both for their team members and for other loan officers. They should also know how to motivate their team members, and inspire them to do more than they thought possible.
- Commitment: Loan managers should be committed to the company for which they work.
- Financial skills: Loan managers must be able to determine the financial and monetary impact of their decisions on the company they work for.
Tips to write a Loan Manager Resume Summary:
- Know your abilities well before you write your resume.
- Start off with a contact list.
- Know the “company-speak” and jargon for an industry you’re in and know how to spell / spell correctly.
- If you are a recent graduate, then use an internship or job description as a resume summary to demonstrate that you are a strong candidate for the job and can do the job well if hired.
- Use a bullet point list to help you format the structure of your resume.
- Use at least 2 pages for your resume.
- Tailor every resume you write specifically for each job you are applying to.
- Lastly, make sure that your writing is professional and not amateurish (i.e., spelling error, grammar error).
How to write a Loan Manager Resume with No experience:
- Give yourself 3 years of experience. No one will write a job description for you, but if you want to get the job, you need a resume that has 3 years of experience.
- Use your corporate background. Make sure that the company name is spelled correctly (it will be in large italics at top of page and then smaller lettering after the first paragraph). Include your title at the top right hand corner under “PERSONAL INFORMATION.” Upper left corner is best place for employer address.
- Consider using a chronological format. If you are brand new to the industry, use a chronological resume format. List your current job first, then previous jobs in reverse order (last job you had will be first on the list).
- Use key words wherever possible. Use key words from the job description in your resume as often as possible. For example, if you want to work for an insurance company, make sure your resume shows that you have experience in “health insurance” or “dental insurance.”
- Put more emphasis on your responsibilities than on your job duties. List direct responsibilities and team member responsibilities that you had. Don’t list every single duty of your job.
- Proofread everything before you send out the resume. Put at least 2 friends who are native English speakers to proofread it for you so it will be done correctly. Use spell checker on your computer, but don’t rely on it as a proofreader for your own document.
How to write a Loan Manager Cover Letter:
- A cover letter is a one-page letter providing an introduction to your resume and a preview of your overall skills and qualifications. This should be done in the first person singular (i.e. “I” instead of “we”) and state how you found out about the position, what angle you have on it, why you are applying, why you are suitable for it and what you can do to reach their objectives.
- State what type of position you are applying for.
- Be specific about the skills and experience you have that are relevant for the position and how your skills and experience relate to the job requirements.
- Describe how your abilities intersect with areas of concern in the job description.
- State what you have done to develop your skills or qualify for the position and how you will do this for the employer.
- Explain how your experience fits into a larger context of your career to date.
- State that you will take on any additional projects or responsibilities offered by the employer to demonstrate commitment and highlight your achievement in those areas, as well as any specific skills that you bring to the table and where they are pertinent to the job
- A Loan Manager Resume is vital.
- You have to be precise and specific in your resume.
- Have a professionally written cover letter as well.
- Tailor the resume and cover letter for each job opportunity you apply to.