Sweating about an interview coming up where you’re going to be applying as a Commercial Loan Manager? We’ve got you covered! Here you can find some of the most often asked Commercial Loan Manager interview questions as well as some examples of how to answer. Check them out below (and good luck!)
Do you have any experience working as a Commercial Loan Manager?
Here, you’ll obviously want to speak to your specific skills as they relate to the position you’re applying for. Don’t get caught off guard by this question should you not any actual experience. Plan ahead and have something relatable to share. In doing this, you can actually turn your lack of experience into a showcase for your ability to relate and connect similar skillsets.
Answer Sample:
I believe the core requirement for x is y – and through my volunteer work I gained a ton of experience in how x fundamentally relates to y
As we move into the future, what challenges do you feel our industry is facing, especially the role of Commercial Loan Manager?
No right or wrong answers here, but certainly an opportunity to demonstrate some foresight. These days, mentioning Artificial Intelligence, software, and related items should do well. Regardless of your answer, be sure to have something to backup your responses.
Answer Sample:
Like many things, I belive that with change comes opportunity
How do you minimize the risk for errors in your work?
While we all make mistakes, accountants can afford no such luxury. No, the company you are applying to isn’t expecting their employees to be flawless. What they’re looking for here is some sort of system of checks and balances.
Answer Sample:
While it sounds quirky, Ive developed my own system for QA that I call the x – its bailed me out more times than I can remember!
Tell me about a time you used graphs, charts, and data to drive home a point?
The truth is in the numbers. What’s being asked for here is an example of when you were able to prove a point by providing truth through the data. Most accountants and financial professionals are doing this on a daily basis, but try and illustrate the impact of what you provided.
Answer Sample:
A client had struggled with x for nearly a decade until I was able to clearly present the issue visually – a lightbulb went off, and the clients business is better than ever
Has there ever been a time you were required to deliver critical feedback?
Difficult feedback is difficult for a reason. Your interviewer realizes that everyone makes mistakes, and they’re not looking to hang you out to dry. The interviewer here is looking for one thing in particular: how you reacted in the situation. Was there denial? Deflection? By dealing with difficult situations calmly and with full accountability, you demonstrate qualities every employer loves.
Answer Sample:
Ill never forget the time my old boss talked to me about x. The way it was handled was totally professional, and thats been my model ever since.
Give me an example of when your attention (or lack of attention) affected the outcome of a project. Why?
Details, details, details! You’d be hard pressed to find any job in the accounting & finance industry where being detail oriented isn’t a major requirement. Like many non-valid responses, your statement ‘yes I am a detail oriented person’ is not going to cut it.
Answer Sample:
By ensuring that x and y were carefully reviewed, the organization was able to save immensely on z
Which software and/or applications are you proficient in?
You’d be hard pressed to find an accounting firm these days where software isn’t at the cornerstone of how they operate. In the event that you don’t have experience with popular software, familiarize yourself with industry standards ahead of time. Take some time to ensure you are able to to name popular applications, and have a solid idea of their purpose.
Answer Sample:
Im proficient in x and y, but ive ready tons of good things about z and would love to learn more about it
Culture is important to us here. Which style of work enviornment do feel most productive in?
Culture is king these days, and for good reason. Many studies prove that hiring for culture first and ability second yields far superior results. While you may be a lone wolf, be careful how you answer this question should it fall out of alignment with the organization.
Answer Sample:
I succeed when given clear expectations of me and my team, and find a balance of working individually as well as alongside a team is when Im most content
Why are you leaving your last financial industry / accounting position?
This one can be leading, and must be answered carefully. Your need for better pay or indicating that your ‘old boss was an idiot’ may leave your interviewer with the wrong impression of you. Regardless of the reason your employment ceased to be, keep it on point and do not get negative here.
Answer Sample:
Working at x was a great experience for a vareity of reasons, but now its time to seek out new challenges