The average salary for a Loan Officer, Commercial with New Business Development skills is $73,415.
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$52k - $120k
$2k - $23k
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$59k - $139k
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Job Description for Loan Officer, Commercial
A commercial loan officer works with current business clients and individuals looking to start small businesses. Much of the loan officer's duties entail maintaining and administering these loan accounts for the bank, following standard procedures and protocols. A commercial loan officer is typically expected to help generate new business and accounts as well, however. For the loan officer, that means networking and making sure that the loan and credit services of the bank are publicized and in…Read more
Loan Officer, Commercial Tasks
- Develop, maintain, and grow the commercial loan portfolio of private loan companies, government agencies, and non-profit organizations.
- Solicit new business by developing marketing strategies.
- Oversee handling of advances, payments, and wire transfers.
- Negotiate credit terms, and prepare credit analysis and repayment plan for approvals.
- Interview, consult, accept, analyze credit of, and perform credit reviews of potential borrowers.
Loan Officer, Commercial Job Listings
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Popular Skills for Loan Officer, Commercial
Skills in Portfolio Management, Sales and Commercial Loans are correlated to pay that is above average. Skills that pay less than market rate include Loan Underwriting and Financial Analysis.
Pay by Experience Level for Loan Officer, Commercial
An early career Loan Officer, Commercial with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $64,137 based on 21 salaries. A mid-career Loan Officer, Commercial with 5-9 years of experience earns an average total compensation of $70,932 based on 30 salaries. An experienced Loan Officer, Commercial with 10-19 years of experience earns an average total compensation of $104,760 based on 20 salaries. In their late career (20 years and higher), employees earn an average total compensation of $112,500.
Years of Experience
This data is based on 82 survey responses.
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