Sweating about an interview coming up where you’re going to be applying as a Loan Reviewer? Don’t sweat it! On this page, we’ve listed some of the most common Loan Reviewer interview questions along with sample answers. Read on!
What experience do you have as a Loan Reviewer?
This one’s pretty simple – discuss your experience as it relates to the job you’re applying for. Of course, on the off chance you don’t have any experience in the role, plan ahead and have some examples of tangentially related experience. 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:
While my experience with x is limited, while working under y at my last job I really got to learn the ropes about z
As we move into the future, what challenges do you feel our industry is facing, especially the role of Loan Reviewer?
No right or wrong answers here, but certainly an opportunity to demonstrate some foresight. AI, automation, and inexpensive labor are all interesting items to bring up. No matter what you answer here, do some research ahead of time and be sure you can back up your answer.
Answer Sample:
Like many things, I belive that with change comes opportunity
How do you minimize the risk for errors in your work?
To err is human, but not when it comes to accounting. 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 may sound funny, Ive developed my own system for quality control that I call the x – its never let me down yet!
Describe a situation you needed to use data to prove a point?
The truth is in the numbers. While it may be the epitomy of ‘nerdery’, story telling through data is a critical skill for those in the financial profession. Most accountants and financial professionals are doing this on a daily basis, but try and illustrate the impact of what you provided.
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.
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 ownership of a mistake, or deflection? By showing your cool in the reaction itself, you demonstrate leadership characteristics that employers love.
Answer Sample:
Ive been on both ends of critical feedback, and clear, consice presnetation of facts is paramount, as is accountability
Would those that know you describe you as a detail oriented person? Why might they describe you that way?
Always with the details! As an accountant, this is a serious requirement. Once again, saying it is one thing, being able to prove it is another.
Answer Sample:
A careful review of x revealed that y and z were out of order, ultimately preventing a costly audit
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. If your experience lies in a single – or outdated platform, be sure you are familiar with the current standards. Do some research and investigate new platforms or recent developments in the software field.
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
What sort of work culture do you find most appealing and why?
Every company wants to find the perfect culture match for their organization. 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:
My last position came to an end rather organically, and its now time to seek new opportunities