Assistant Vice President (AVP), Commercial Lending Salary
Assistant VPs of Commercial Lending in the United States pull down an average of $72K per year. In the world of Assistant VPs of Commercial Lending, total cash compensation can vary between $48K and $103K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $17K and $12K, respectively. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Work is enjoyable for Assistant VPs of Commercial Lending, who typically claim high levels of job satisfaction. Medical and dental coverage is claimed by almost all, and a fair number earn vision coverage. Men account for the majority of Assistant VPs of Commercial Lending who responded to the questionnaire — 62 percent to be exact. This overview is based on answers to PayScale's salary questionnaire.
|Salary||$47,770 - $91,240|
|Bonus||$1,932 - $16,749|
|Profit Sharing||$1,965 - $12,283|
|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).)
|$48,261 - $102,766|
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.Read More...
Assistant vice presidents of commercial lending must ensure compliance with all relevant laws and company policies. They need to communicate and promote the availability of financial services to supervised employees, as well as clients. These professionals conduct, and, if needed, assist with negotiations related to sensitive and complex lines of credit. They are required to monitor and follow up on problems related to loans.
A bachelor's degree in accounting, business administration, finance, or a related field is required for this position. They must have at least eight to 10 years of progressively responsible banking or lending experience. Assistant vice presidents of commercial lending must be able to demonstrate exceptional analytical skills, have a working knowledge of lending principles and practices, and be familiar with all relevant regulations. They must be organized and able to prioritize work to meet deadlines, as well as have excellent written and verbal communication skills.
Assistant Vice President (AVP), Commercial Lending Tasks
- Build and strengthen customer relations and broaden customer base.
- Provide customer service for current customers, answering questions.
- Contribute to loan policy revisions and changes.
- Report on loan portfolio, identifying problems and opportunities.
- Analyze customer and prospective customer financials to make recommendations.
Common Career Paths for Assistant Vice President (AVP), Commercial Lending
For Assistant VPs of Commercial Lending, progressing to a VP of Finance role may result in a significant raise. On average, a VP of Finance can earn $139K annually. It is not unusual for an Assistant Vice President of Commercial Lending to become a VP of Commercial Lending or a Commercial Lender.
Assistant Vice President (AVP), Commercial Lending Job Listings
Popular Skills for Assistant Vice President (AVP), Commercial Lending
Survey results imply that Assistant VPs of Commercial Lending put a diverse skill set to use. Most notably, skills in Sales, Customer Relationship Management, Financial Analysis, and Loan Underwriting are correlated to pay that is above average. Most people experienced in Commercial Loans also know Loan Underwriting.
Pay by Experience Level for Assistant Vice President (AVP), Commercial Lending
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average worker who claims fewer than five years of experience earns around $66K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $79K. Assistant VPs of Commercial Lending see a median salary of $82K after reaching one to two decades on the job. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $79K by contrast.
Pay Difference by Location
With a pay rate for Assistant VPs of Commercial Lending that is 26 percent greater than the national average, New York offers a comfortable salary for those in this profession. Assistant VPs of Commercial Lending will also find cushy salaries in Chicago (+25 percent), San Jose (+22 percent), Dallas (+21 percent), and Los Angeles (+6 percent).
Assistant Vice President (AVP), Commercial Lending Reviews
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