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Career and Education Opportunities for Loan Officers in Alaska

Alaska has a population of 698,473, which has grown by 11.41% over the past 10 years. Nicknamed the "Great Land," its capital is Juneau, though its most populous city is Anchorage.

Loan officers can find both educational opportunities and jobs in the Anchorage, Alaska area. There are currently 470 jobs for loan officers in Alaska and this is projected to grow by 8% to 510 jobs by 2016. This is not quite as good as the nation as a whole, where employment opportunities for loan officers are expected to grow by about 10.1%. In general, loan officers evaluate, authorize, or recommend approval of commercial, real estate, or credit loans.

The income of a loan officer is about $29 per hour or $60,790 per year on average in Alaska. In the U.S. as a whole, their income is about $26 hourly or $54,700 per year on average. Incomes for loan officers are better than in the overall category of Accounting and Auditing in Alaska, and not quite as good as the overall Accounting and Auditing category nationally. Loan officers work in a variety of jobs, including: lender, loan coordinator, and mortgage specialist.

There are two schools within twenty-five miles of Anchorage where you can study to be a loan officer, among four schools of higher education total in the Anchorage area. The most common level of education for loan officers is a high school diploma or GED. You can expect to spend only a short time studying to be a loan officer if you already have a high school diploma.

In 2008, there were a total of 452,986 jobs in Alaska. The average annual income was $43,922 in 2008, up from $41,081 the preceding year. The unemployment rate in Alaska was 8.0% in 2009, which has grown by 1.5% since the previous year. About 24.7% of Alaska residents have college degrees, which is higher than the national average.

The top industries in Alaska include oil extraction, transportation, and general merchandise stores. Notable tourist attractions include the Anchorage Museum of History and Art, the Fraternal Order of Alaska State Troopers, and the Alaska Museum of Natural History.

CITIES WITH Loan Officer OPPORTUNITIES IN Alaska


JOB DESCRIPTION: Loan Officer

Loan Officer video from the State of New Jersey Dept. of Labor and Workforce Development

In general, loan officers evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. They also advise borrowers on financial status and methods of payments.

Every day, loan officers are expected to be able to articulate ideas and problems. They need to see details at a very fine level of focus. It is also important that they listen to and understand others in meetings.

Similar jobs with educational opportunities in Alaska include:

  • Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
  • Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
  • Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
  • Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
  • Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
  • Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
  • Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
  • Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
  • Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

LOCATION INFORMATION: Alaska

Alaska
Alaska photo by Christy747

Alaska has a population of 698,473, which has grown by 11.41% in the last 10 years. Nicknamed the "Great Land," its capital is Juneau, though its biggest city is Anchorage. In 2008, there were a total of 452,986 jobs in Alaska. The average annual income was $43,922 in 2008, up from $41,081 the previous year. The unemployment rate in Alaska was 8.0% in 2009, which has grown by 1.5% since the previous year. About 24.7% of Alaska residents have college degrees, which is higher than the national average.

The top industries in Alaska include oil extraction, transportation, and general merchandise stores. Notable tourist destinations include the The Imaginarium, the Anchorage Historic Properties Inc, and the Exhibit Support.