Senior Vice President (SVP), Commercial Lending Salary

Median pay for Senior Vice Presidents of Commercial Lending in the United States lies in the neighborhood of $124K per year. In the world of Senior Vice Presidents of Commercial Lending, overall income ranges from $92K near the bottom to $204K at the top; this can include more than $49K from bonuses and more than $15K from profit sharing in exceptional cases. Residence and tenure each impact pay for this group, with the former having the largest influence. Work is enjoyable for Senior Vice Presidents of Commercial Lending, who typically claim high levels of job satisfaction. The vast majority of Senior Vice Presidents of Commercial Lending (82 percent) survey respondents are men. Medical benefits are awarded to almost all, and a large number earn dental coverage. This report is based on responses to the PayScale salary survey.
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$88,795 - $167,512
(Median)
$89K
$120K
$170K
MEDIAN: $124,167
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$70K$140K$210K
Salary
$88,795 - $167,512  
   
Bonus
$1,002 - $49,449  
Profit Sharing
$0.00 - $15,205  
Commission
$20,347  
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).
)
$92,111 - $204,293  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 407
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Job Description for Senior Vice President (SVP), Commercial Lending

Commercial lending senior vice presidents (SVPs) are generally responsible for developing and implementing credit risk policies and procedures for their organizations and providing reviews, identifications, and analyses of credit risks. They are also responsible for ensuring that credit limits do not exceed certain amounts on any one account.

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Senior Vice President (SVP), Commercial Lending Tasks

  • Establish and maintain relationships with customers, develop referral networks, and identify opportunities for loan sales.
  • Develop and execute loan portfolio strategies, monitor the performance of loans, and work to mitigate risks.
  • Contribute to the creation and enforcement of credit policies and procedures.
  • Oversee a team of loan officers structuring, writing, and closing commercial loans.
  • Act as a representative of the bank in the business and local community.

Common Career Paths for Senior Vice President (SVP), Commercial Lending


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Although some Senior Vice Presidents of Commercial Lending become President, this progression is not the norm. However, the latter position does pay a little more at $152K. Senior Vice Presidents of Commercial Lending most often advance into Commercial Lender and Commercial Loan Officer positions even though the median salaries are $60K lower and $71K lower, respectively.

Senior Vice President (SVP), Commercial Lending Job Listings

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Popular Skills for Senior Vice President (SVP), Commercial Lending


Survey results imply that Senior Vice Presidents of Commercial Lending put a diverse skill set to use. Most notably, skills in Sales, Customer Relationship Management, Business Development, and Loan Underwriting are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Commercial Loans. Most people experienced in Financial Analysis also know Business Development and Customer Relationship Management (CRM).

Pay Difference by Location

National Average: $137,015

Larger city markers indicate a job is popular in that location.

Professionals earn a generous sum in the three largest American cities: Chicago, Los Angeles, and New York each offer salaries above the national average. Trailing the national average by 10 percent, Houston is the market with the smallest paychecks.

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Experience Affects Senior Vice President (SVP), Commercial Lending Salaries



National Average
$137,000


Skills That Affect Senior Vice President (SVP), Commercial Lending Salaries

Sales
up arrow 6%

Customer Relationship Management (CRM)
up arrow 3%

Loan Underwriting
up arrow 2%

Business Development
up arrow 2%

Financial Analysis
up arrow 1%

National Average
$137,000

Commercial Loans
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 64 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

1-4 years
0%
5-9 years
4%
10-19 years
38%
20 years or more
58%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 83%
medical benefits
Vision: 70%
dental benefits
None: 3%
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