Senior Vice President (SVP), Commercial Lending Salary
|Salary||$98,357 - $167,735|
|Bonus||$7,282 - $50,324|
|Profit Sharing||$0.00 - $25,000|
|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).)
|$102,440 - $203,473|
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.Read More...
Depending on the business in need of a credit loan, commercial lending SVPs measure and monitor the particular risks of lending credit to that business. They must have in-depth knowledge of current and approved methodologies of risk measurement, and when new products or credit opportunities arise they are tasked with displaying the new product's or service’s points and features. Depending on the employer, be it a business or bank, commercial lending SVPs may also serve as representatives of their organizations to the community.
A college degree in business is generally required for this position, and some employees move up in the ranks of an organization to assume the position of senior vice president of commercial lending. Experience in banking and general business is essential for this position, and strong interpersonal and organizational skills are also beneficial for success. (Copyright 2017 PayScale.com)
Senior Vice President (SVP), Commercial Lending Tasks
- 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.
- Contribute to the creation and enforcement of credit policies and procedures.
- 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.
Common Career Paths for Senior Vice President (SVP), Commercial Lending
Senior Vice Presidents of Commercial Lending tend not to experience significant pay changes as they move up the career ladder to roles like President. The two jobs pay about the same on average. Many Senior Vice Presidents of Commercial Lending choose to become Commercial Lenders and Commercial Loan Officers as their careers advance. However, folks in those positions report median salaries of $71K less and $83K less, respectively.
Senior Vice President (SVP), Commercial Lending Job Listings
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, Financial Analysis, Business Development, and Customer Relationship Management (CRM) are correlated to pay that is above average. Skills that pay less than market rate include Commercial Loans, Loan Underwriting, and Customer Relationship Management. Those familiar with Financial Analysis also tend to know Business Development and Customer Relationship Management (CRM).
Pay Difference by Location
Above-average salaries for Senior Vice Presidents of Commercial Lending can be found in Los Angeles, New York, and Chicago, the three largest cities in the United States. Houston is home to the smallest salaries in the field, lagging the national average by 16 percent. A couple other locations with smaller-than-average paychecks include Kansas City (13 percent lower) and St. Louis (10 percent lower).
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Key Stats for Senior Vice President (SVP), Commercial Lending
Rated 5 out of 5
based on 32 votes.