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Career and Education Opportunities for Loan Officers in Georgia

Georgia has a population of 9,829,211, which has grown by 20.07% in the last 10 years. Nicknamed the "Peach State," Georgia's capital and largest city is Atlanta.

The national trend for loan officers sees this job pool growing by about 10.1% over the next eight years. In general, loan officers evaluate, authorize, or recommend approval of commercial, real estate, or credit loans.

A person working as a loan officer can expect to earn about $27 per hour or $58,040 yearly on average in Georgia and about $26 per hour or $54,700 yearly on average in the U.S. as a whole. Compared with people working in the overall category of Accounting and Auditing, people working as loan officers in Georgia earn more. They earn less than people working in the overall category of Accounting and Auditing nationally. Loan officers work in a variety of jobs, including: portfolio manager, loan reviewer, and real estate officer.

In 2008, there were a total of 5,571,666 jobs in Georgia. The average annual income was $34,849 in 2008, up from $34,612 in 2007. The unemployment rate in Georgia was 9.6% in 2009, which has grown by 3.3% since the previous year. Roughly 24.3% of Georgia residents have college degrees, which is higher than the national average.

The top industries in Georgia include motor vehicle vehicle parts merchant wholesalers, automobile motor vehicle merchant wholesalers, and textile product mills. Notable tourist attractions include the African World Museum & Center, the Center for Puppetry Arts, and the Fernbank Museum of Natural History.

CITIES WITH Loan Officer OPPORTUNITIES IN Georgia


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 Georgia 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.
  • Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
  • Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
  • 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: Georgia

Georgia
Georgia photo by Autiger

Georgia has a population of 9,829,211, which has grown by 20.07% over the past decade. Nicknamed the "Peach State," Georgia's capital and largest city is Atlanta. In 2008, there were a total of 5,571,666 jobs in Georgia. The average annual income was $34,849 in 2008, up from $34,612 the preceding year. The unemployment rate in Georgia was 9.6% in 2009, which has grown by 3.3% since the previous year. Roughly 24.3% of Georgia residents have college degrees, which is higher than the national average.

The top industries in Georgia include motor vehicle vehicle parts merchant wholesalers, automobile motor vehicle merchant wholesalers, and textile product mills. Notable tourist destinations include the Georgia Institute of Technology, the Fernbank Museum of Natural History, and the Herndon Home Museum.