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Assistant Vice President (AVP), Commercial Lending Salary

Assistant VPs of Commercial Lending in the United States can expect to earn an average of $71K annually. Total cash compensation to Assistant VPs of Commercial Lending bottoms out near $49K and approaches $110K on the high end; the biggest paychecks include approximately $20K from bonuses and almost $7K from profit sharing. Career duration is the biggest factor affecting pay for this group, followed by geography. Nearly all receive medical and dental insurance and the larger part get vision plans. Work is enjoyable for Assistant VPs of Commercial Lending, who typically claim high levels of job satisfaction. Assistant VPs of Commercial Lending who participated in the survey are largely men, dominating at 65 percent. Respondents to the PayScale salary survey provided the data for this report.
$45,461 - $94,778
(Median)
45K
57K
71K
83K
95K
MEDIAN: $70,621
10%
25%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$45,461 - $94,778  
   
Bonus
$505 - $20,435  
Profit Sharing
$959 - $7,255  
Commission
$511 - $19,574  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$48,884 - $109,939  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 304
United States (change)

Job Description for Assistant Vice President (AVP), Commercial Lending

Assistant vice presidents of commercial lending are responsible for managing numerous complex commercial loan portfolios, overseeing details such as credit quality, credit administration, and portfolio performance. They are in charge of the approval or denial of loans, as well as reviewing the loan recommendations of others. Assistant vice presidents of commercial lending must develop and markets new business and be involved with community relations activities. Additionally, these executives are responsible for training new employees, interviewing loan applicants to determine client needs, and making recommendations of services to meet customers' needs. They also manage assigned loan portfolios to ensure credit quality and develop new business through marketing calls, community involvement, and industry functions, as well as providing excellent customer service to clients.

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Assistant Vice President (AVP), Commercial Lending Tasks

  • Report on loan portfolio, identifying problems and opportunities.
  • Analyze customer and prospective customer financials to make recommendations.
  • Contribute to loan policy revisions and changes.
  • Build and strengthen customer relations and broaden customer base.
  • Provide customer service for current customers, answering questions.

Common Career Paths for Assistant Vice President (AVP), Commercial Lending


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For Assistant VPs of Commercial Lending, career progression to a VP of Finance role may result in a considerable increase in compensation. On average, a VP of Finance, an upper-level role, can earn $136K annually. Becoming a VP of Commercial Lending or a Commercial Lender is a common transition from an Assistant Vice President of Commercial Lending role.

Assistant Vice President (AVP), Commercial Lending Job Listings

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Popular Skills for Assistant Vice President (AVP), Commercial Lending


Assistant VPs of Commercial Lending generally report applying a varied skill set to their work. Most notably, skills in Sales, Customer Relationship Management, Financial Analysis, and Commercial Loans are correlated to pay that is above average, with boosts between 5 percent and 12 percent. Those educated in Financial Analysis tend to be well versed in Commercial Loans.

Pay by Experience Level for Assistant Vice President (AVP), Commercial Lending

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Although individuals who have less than five years' experience earn $74K on average, people with five to 10 years benefit from a notably larger average of $81K. The average pay reported by folks with 10 to 20 years of experience is around $74K. Assistant VPs of Commercial Lending who surpass 20 years on the job report pay that isn't higher than those with 10 to 20 years.

Pay Difference by Location


Home to some of the best pay for Assistant VPs of Commercial Lending, San Jose offers exceptional salaries, 21 percent above the national average. Assistant VPs of Commercial Lending will also find cushy salaries in New York (+20 percent).

Assistant Vice President (AVP), Commercial Lending Reviews

What is it like working as an Assistant Vice President (AVP), Commercial Lending?
Assistant Vice President (AVP), Commercial Lending in New York:
Pros: The people I work with and the subject matter of my job.
Cons: Not enough stimulating work, too much administrative type work, lack of contact with anyone on my team in person.

Related Job Salaries

Experience Affects Assistant Vice President (AVP), Commercial Lending Salaries


National Average
$76,000

Late-Career
up arrow 3%



Skills That Affect Assistant Vice President (AVP), Commercial Lending Salaries

Sales
up arrow 12%

Customer Relationship Management (CRM)
up arrow 8%


Commercial Loans
up arrow 2%

Loan Underwriting
up arrow 1%

National Average
$76,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 89 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
0%
1-4 years
24%
5-9 years
44%
10-19 years
23%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 88%
vision benefits Vision: 67% employee benefits None: 5%