Home > Salary > Latvia > Loan Operations Manager
A Loan Operations Manager is responsible for overseeing the loan processing and administration activities within a financial institution. They ensure that loan applications are processed efficiently, accurately, and in compliance with company policies and regulatory requirements. Their main duties include managing the loan operations team, monitoring loan portfolios, resolving customer inquiries and complaints, implementing loan processing procedures, and working closely with other departments to ensure smooth loan operations.
This role requires strong analytical skills, attention to detail, and knowledge of loan products and processes. The Loan Operations Manager should have excellent communication and leadership abilities to effectively manage a team and collaborate with various stakeholders. They must also stay updated on industry regulations and market trends to ensure compliance and identify opportunities for process improvements.
Estimated Yearly Salary: 29,323 EUR
Estimated Monthly Salary: 2,444 EUR
Estimated Weekly Salary: 564 EUR per week
Estimated Hourly Salary: 14 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 2,363 EUR
Estimated Weekly Salary: 545 EUR per week
Estimated Hourly Salary: 14 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 29,334 USD
Estimated Monthly Salary: 2,445 USD
Estimated Weekly Salary: 564 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 29,323 EUR
Estimated Monthly Salary: 2,444 EUR
Estimated Weekly Salary: 564 EUR per week
Estimated Hourly Salary: 14 EUR per hour
By working as Loan Operations Manager a person can save up to 1,585 USD per month or 19,014 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Estimated Yearly Salary for Loan Operations Manager
Last revision of data: 2025-01-04
Data as of 2025
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Loan Operations Manager salary in Latvia
Average Yearly Salary of Loan Operations Manager in Latvia is approximately 29,323 EUR (29,334 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Loan Operations Manager do?
A Loan Operations Manager is responsible for overseeing the loan processing and administration activities within a financial institution. They ensure that loan applications are processed efficiently, accurately, and in compliance with company policies and regulatory requirements. Their main duties include managing the loan operations team, monitoring loan portfolios, resolving customer inquiries and complaints, implementing loan processing procedures, and working closely with other departments to ensure smooth loan operations.
This role requires strong analytical skills, attention to detail, and knowledge of loan products and processes. The Loan Operations Manager should have excellent communication and leadership abilities to effectively manage a team and collaborate with various stakeholders. They must also stay updated on industry regulations and market trends to ensure compliance and identify opportunities for process improvements.
Skills: Loan Operations Manager, Loan Processing, Loan Administration, Regulatory Compliance, Team Management, Financial Services
Job industry: Banking
Job industry: Banking
How much does Loan Operations Manager make?
Salary details
How much does Loan Operations Manager make?Estimated Yearly Salary: 29,323 EUR
Estimated Monthly Salary: 2,444 EUR
Estimated Weekly Salary: 564 EUR per week
Estimated Hourly Salary: 14 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 28,356 EUREstimated Monthly Salary: 2,363 EUR
Estimated Weekly Salary: 545 EUR per week
Estimated Hourly Salary: 14 EUR per hour
Last revision of data: 2024-01-03Loan Operations Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 29,334 USD
Estimated Monthly Salary: 2,445 USD
Estimated Weekly Salary: 564 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Country:
Salary comparison to National average
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Loan Operations Manager job salary compared to average salary in Latvia.
Comparison shows that a person working as Loan Operations Manager in Latvia earns on average:
1.5 times the average salary (or 150% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Loan Operations Manager job salary compared to average salary in Latvia.
Comparison shows that a person working as Loan Operations Manager in Latvia earns on average:
1.5 times the average salary (or 150% of average salary).
Is Loan Operations Manager a well paid job?
Yes, our data shows that Loan Operations Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Loan Operations Manager?
High salary for Loan Operations Manager would be somewhere between 32,255 EUR and 42,518 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Operations Manager in Latvia?
Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 29,323 EUR
Estimated Monthly Salary: 2,444 EUR
Estimated Weekly Salary: 564 EUR per week
Estimated Hourly Salary: 14 EUR per hour
By working as Loan Operations Manager a person can save up to 1,585 USD per month or 19,014 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Loan Operations Manager
Estonia is 37,832 USD
Russia is 17,478 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Latvia
(224,317 EUR per year, pre-tax.)
2. Cardiologist
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
4. Neurosurgeon
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
6. Urologist
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)
Data as of 2025Random salary:
Veterans coordinator (16,053 EUR per year, pre-tax.)
Completions specialist (12,130 EUR per year, pre-tax.)
Diagnostic ultrasound technologist (20,745 EUR per year, pre-tax.)
Quality engineer iii (26,450 EUR per year, pre-tax.)
Appointment setter (9,978 EUR per year, pre-tax.)
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