Got a big interview where you’ll be applying as a Consumer Loan Manager? No worries! Listed below, you’ll find some of the most common Consumer Loan Manager interview questions as well as some examples of how to answer. Read on!
What experience do you have (if any) as a Consumer 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. Your interviewer will appreciate your ability to relate skills gained in one position to another.
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
Things are changing quickly in our industry. What do you feel are the biggest challenges within the role of Consumer Loan Manager?
There are a variety of ways to answer this one. Try discussing ‘buzzworthy’ topics like AI, software, and inexpensive labor. However, be prepared to explain why you answered the way you did – and do some research ahead of time.
Answer Sample:
Like many things, I belive that with change comes opportunity
What do you to ensure error free work?
Hey, no one is perfect – but when it comes to accounting & finance, perfection in numbers is expected. Here, your interviewer isn’t looking for some superhuman form of error free workmanship. What they’re looking for here is some sort of system of checks and balances.
Answer Sample:
Rain or shine, I always make sure that x is reviewed 3 times over and referenced against y before it goes out the door
Describe a situation you needed to use data to prove a point?
While it may be the epitomy of ‘nerdery’, story telling through data is a critical skill for those in the financial profession. A great example here would be anything relating to a decision where your data made a difference.
Answer Sample:
In a recent client meeting, by clearly visualizing some key figures we were able to save them $10s of thousands in tax payable.
Have you ever had to give someone difficult feedback?
One of the most difficult things to dispense – and receive – is critique of work. Anyone who has spent enough time in this industry realizes that human error is part of the job, and no one is perfect. The interviewer here is looking for one thing in particular: how you reacted in the situation. Was there ownership of a mistake, or deflection? By showing your cool in the reaction itself, you demonstrate leadership characteristics that employers love.
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.
Detail is critical in our industry – what do feel makes you a detail oriented person, and why?
The devil is in the details – and even more so with accounting! No matter what your role in the accounting industry, this one’s important. 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 online tools, cloud software, or other accounting specific platforms are you familiar with?
You’d be hard pressed to find an accounting firm these days where software isn’t at the cornerstone of how they operate. If your experience is limited, make sure you at least have a basic understanding of industry standards prior to the interview. Take some time to ensure you are able to to name popular applications, and have a solid idea of their purpose.
Answer Sample:
Most of my experience is with x, but I downloaded a demo of y and really think it warrants a closer look
What sort of work culture do you find most appealing and why?
Every company wants to find the perfect culture match for their organization. It’s more than simply ‘the way things are done’, it’s how things are done and why. You’ll want to be careful here, indicating that you are able to thrive in a variety of work enviornments.
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?
An innocent question, but deadly if answered improperly. Your desire for better compensation or venting about the ‘terrible leadership’ at your last job 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:
My last position came to an end rather organically, and its now time to seek new opportunities