Sweating about an interview coming up where you’re going to be applying as a Senior Loans Processor? We’ve got you covered! On this page, we’ve listed some of the most common Senior Loans Processor interview questions with advice on how to reply. Check them out below (and good luck!)
What experience do you have (if any) as a Senior Loans Processor?
Here, you’ll obviously want to speak to your specific skills as they relate to the position you’re applying for. What happens if you don’t have any experience? By thinking about the question ahead of time, you can have a reply at your fingertips. In this way, you can turn a simple ‘no’ into an opportunity to demonstrate your awareness of related 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
Things are changing quickly in our industry. What do you feel are the biggest challenges within the role of Senior Loans Processor?
There are a variety of ways to answer this one. Try discussing ‘buzzworthy’ topics like AI, software, and inexpensive labor. No matter what you answer here, do some research ahead of time and be sure you can back up your answer.
Answer Sample:
Its hard to know for sure with industry factors such as x and y changing so many things – all I can say is that Im excited for the challenges that come with that
How do you minimize the risk for errors in your work?
To err is human, but not when it comes to accounting. While you may be a caped crusader with superhuman error-free work skills, your interviewer won’t buy it. What your interviewer seeks here is a process for quality control.
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!
Tell me about a time you used numbers to tell an effective story?
Numbers don’t lie. What’s being asked for here is an example of when you were able to prove a point by providing truth through the data. A great example here would be anything relating to a decision where your data made a difference.
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?
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. Here, the important thing to do is let your interviewer know how you overcame this particular challenge. 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:
No one likes these situations, but Ive found that dealing with it factually and without predjudice tends to be the best approach
Give me an example of when your attention (or lack of attention) affected the outcome of a project. Why?
The devil is in the details – and even more so with accounting! You’d be hard pressed to find any job in the accounting & finance industry where being detail oriented isn’t a major requirement. Once again, saying it is one thing, being able to prove it is another.
Answer Sample:
My careful attention to x and y prevented a major audit last year
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. Do some research and investigate new platforms or recent developments in the software field.
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?
Work culture is huge and for good reason these days. 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
Without revealing too much info – why are you leaving your last job?
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:
It was time for me to move on, and I feel as though I am ready for a new challenge