The average salary for a Vice President (VP), Commercial Lending with Commercial Loans skills in New York, New York is $134,933.
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Job Description for Vice President (VP), Commercial Lending
Vice president (VP) of commercial lending positions are available at banks and similar institutions. They work within the institution's market to find key loan-providing opportunities that fit the goals and requirements of the bank. Daily tasks include analyzing a wide variety of financial statements, structuring loan terms and fees, approving or recommending loans, counseling potential borrowers financially, and conducting presentations with senior management staff. All of these tasks help esta…Read more
Vice President (VP), Commercial Lending Tasks
- Manage a team of loan officers structuring and writing loans, reviewing their work and maintaining quality standards.
- Provide customers with financial counseling, and recommend bank products which fit their needs.
- Monitor the status of problem loans and work with customers to make sure the loan is repaid.
- Negotiate, underwrite, and structure high level loans, and submit proposals for approval.
- Develop customer and referral networks, identifying and pursuing opportunities for loan sales.
Vice President (VP), Commercial Lending Job Listings
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Popular Skills for Vice President (VP), Commercial Lending
Skills in Loan Underwriting and Sales are correlated to pay that is above average. Skills that pay less than market rate include Business Development and Financial Analysis.
Pay by Experience Level for Vice President (VP), Commercial Lending
A mid-career Vice President (VP), Commercial Lending with 5-9 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $131,000 based on 6 salaries. In their late career (20 years and higher), employees earn an average total compensation of $138,699.
Pay Difference by Location
Learn more about cost of living by city.
Employees with .NET Software Developer / Programmer in these locations earn less than the national average. The lowest salaries can be found in Springfield, Illinois (37.3% less), St. Louis, Missouri (27.7% less) and Chicago, Illinois (24.0% less).
Years of Experience
This data is based on 11 survey responses.
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