Significant Career Lesson From an Assistant Vice President Relationship Manager in Banking
Claire, an Assistant Vice President, Relationship Manager at a bank, believes that "learning from the ground up" has been the most significant lesson in their career, emphasizing that understanding loan processing and underwriting from the beginning provides a critical understanding of the entire banking process and allows one to better assist clients with informed answers, making one more "desirable." According to Claire, this foundational knowledge sets apart those who truly understand the ins and outs of banking from those who only superficially assess deals.
Banking, Relationship Management, Underwriting, Due Diligence, Career Development
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Claire Hunn
Assistant Vice President, Relationship Manager
Banking Industry
University of San Diego
University of Alabama - Masters of Science, Marketing
Business & Related
Finance (Banking, Fintech, Investing), Real Estate
Sales and Client Management
Video Highlights
1. Learning the fundamentals of loan processing and underwriting provides a critical understanding of the banking industry's inner workings.
2. Having a ground-up understanding allows for more effective client service by enabling informed answers and building trust.
3. Deep knowledge of due diligence and loan processing differentiates professionals and enhances their value in the banking sector.
Transcript
What is one lesson that you have learned that has proven significant in your career?
The most significant lesson I've learned is starting from the ground up. When you begin with the basics, like learning loan processing and underwriting, you truly understand the ins and outs of everything. I believe this is critical.
I've seen people with 20 or 30 years in banking who have no idea about due diligence, how a loan is processed, or the steps involved in getting it approved. They can look at financials and say it's a good deal based on certain factors.
However, they have no clue what it actually looks like or what it takes to get it done. So, starting from the basics and learning from the ground up has served me very well. It built a strong foundation to build upon, making me much more knowledgeable.
This knowledge allows me to help clients in a different way. I have the fundamental knowledge that many others lack, making me more desirable to clients and colleagues. I can answer their questions directly, rather than having to say, "Let me check on that for you." That, I would say, has probably been the most significant lesson from my career so far.
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