A person working as a Loan Review Officer in South Africa will on average earn $9509 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $9,509.00 |
| Weekly salary | $182.87 |
| Daily salary | $26.05 |
| Hourly salary | $3.26 |
This means loan review officer salary is above average!
Job Industry: banking
Description: A loan review officer is responsible for assessing the creditworthiness and risk associated with loan applications. They thoroughly analyze financial documents, credit reports, and other relevant information to evaluate the borrower's ability to repay the loan. The officer also ensures compliance with lending policies and regulations, identifying any potential red flags or areas of concern. They may collaborate with loan officers, underwriters, and other stakeholders to make informed decisions regarding loan approvals, modifications, or rejections. Additionally, loan review officers monitor existing loans to identify any potential risks or signs of default, conducting periodic reviews and assessments. Strong analytical skills, attention to detail, and knowledge of lending practices are essential in this role.
Tagged with: Loan review officer, Credit assessment, Risk analysis, Compliance, Financial analysis, Loan portfolio management