Lending Manager
Work in a financial institution and oversee loan services.
Job opportunities
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Jobs in SEEK right now
Job growth
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5-year projection
Salary
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Typical salary
Job satisfaction
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Job opportunities
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Jobs in SEEK right now
Salary
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Typical salary
Job growth
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5-year projection
Job satisfaction
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What's it like to be a Lending Manager?
Lending Managers are the head of a lending, loan or credit department. Their role involves approving loans and lending terms, and ensuring that their department doesn't hand out too many loans at once. Lending Managers must ensure that all Lending Officers under their charge comply with government regulations, which may require teaching them about industry standards and reporting any updates.
Tasks and duties
- Reviewing current loans and records of repayments to calculate and maintain overall lending amounts.
- Developing and implementing strategies to improve loan department efficiency and meet sales targets.
- Supervising and training Lending Officers who process loan applications.
- Generating new business.
- Recruiting lending staff.
- Coordinating and scheduling work for employees to reduce processing-times for loan applications.
How to become a Lending Manager
To become a Lending Manager in Australia, you usually need a relevant qualification and extensive industry experience. It may also be advantageous to achieve accreditation with the Australian Institute of Credit Management.
- Complete a relevant tertiary qualification, such as a Certificate IV in Credit Management (FNS40120), Diploma of Credit Management (FNS51520) or bachelor degree in finance.
- Apply for accreditation with the Australian Institute of Credit Management. Accreditation can enhance your credentials and opportunities.
Compare your salary
Find out how your salary compares with the average salary for Lending Managers.
Latest Lending Manager jobs on SEEK
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Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Lending Manager employers on SEEK are looking for job seekers with expertise in the following areas.
Source: SEEK job ads and SEEK Profile data
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Latest Lending Manager reviews
May 2021
Reviewer's Qualification
Certificate IV in Financial Services
Experience
1 – 4 years
Organisation size
Large (200+ employees)
Specialisation
Home Lending
The good things
If you are passionate about Banking it an exceptionally rewarding career. The customers are often friendly and will recognise you if you have looked after them well in the outside world which can brin...
The challenges
You need to be very organised. Always follow through on your commitments. As much as it’s a very rewarding role, there are times when you need to have the tough conversations, you might not be able to...
Read more
May 2021
Reviewer's Qualification
Certificate IV in Finance
Experience
5 – 9 years
Organisation size
Large (200+ employees)
Specialisation
lending manager
The good things
The income is not to bad, but you have to be prepared to do many more hours than the 38 you are paid for, the challenge was to get past all the regulations to try and get the home loan to settlement. ...
The challenges
regulations, pressure from management to perform at higher levels, long hours, sleepless nights trying to get some home loans through to settlement. credit assessment that sometimes defies any common ...
Read more
Source: SEEK role reviews
SEEK has not verified the truth or accuracy of these comments and does not adopt or endorse any of the comments posted on this page.SEEK collects and posts the comments for what they are worth and for information purposes only to assist candidates to find employment through seek.com.au
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