Assistant Vice President (AVP), Commercial Lending Salary (India)
The average pay for an Assistant Vice President (AVP), Commercial Lending is Rs 1,770,196 per year. People in this job generally don't have more than 20 years' experience.
|Range||Rs 0Rs 3M|
|Salary||Rs 1,254,327 - Rs 2,668,134|
|Bonus||Rs 145,437 - Rs 553,689|
|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).)
|Rs 1,358,478 - Rs 3,037,779|
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. (Copyright 2018 PayScale.com)
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.
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