Vice President (VP), Commercial Lending in Chicago, Illinois Salary

How much does a Vice President (VP), Commercial Lending make in Chicago, IL? A Vice President (VP), Commercial Lending in Chicago enjoys a hefty income, with the average salary surpassing six figures ($103,501) annually. This is 5% higher than the national average for a Vice President (VP), Commercial Lending which is $97,913 per year. Salaries for a Vice President (VP), Commercial Lending in Chicago range from $76,980 per year to $137,874 per year. Total Annual Pay, which includes salary, bonus, and profit sharing for a Vice President (VP), Commercial Lending in Chicago ranges from $81,450 to $164,488 annually. Among those reporting, there is an average job satisfaction rating of 0 out of 5 stars. In Chicago, men make up the majority of the workforce (88 percent). Many report receiving medical, dental, and vision benefits from their employer.

$76,980 - $137,874
$77K
$100K
$140K
MEDIAN: $103,501
10%
50%
90%

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$0$164K
Salary $76,980 - $137,874
Bonus $8,170 - $39,149
Profit Sharing $2,000
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).
)
$81,450 - $164,488
  • Country: United States
  • Currency: USD
  • Updated: 21 Nov 2017
  • Individuals Reporting: 18

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 establish a high standard of credit quality and strong commercial portfolio on behalf of the bank, which may also require working with collection staff for delinquent accounts.

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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.

About Chicago, Illinois

Cook County, Illinois
2,720,556
Male:
1,320,015 (48.5%)
Female:
1,400,541 (51.5%)
Chicago (/ʃᵻˈkɑːɡoʊ/ or /ʃᵻˈkɔːɡoʊ/), officially the City of Chicago, is the third-most populous city in the United States. With over 2.7 million residents, it is the most populous city in the state of Illinois and the Midwestern United States, and the county seat of Cook County. The Chicago metropolitan area, often referred to as Chicagoland, has nearly 10 million people and is the third-largest in the U.S. Chicago was incorporated as a city in 1837, near a portage between the Great Lakes and the Mississippi River watershed, and grew rapidly in the mid-nineteenth century. The city is an international hub for finance, commerce, industry, technology, telecommunications, and transportation: O'Hare International Airport is the second-busiest airport in the world when measured by aircraft traffic; the region also has the largest number of U.S. highways and rail road freight. In 2012, Chicago was listed as an alpha global city by the Globalization and World Cities Research...
Chicago:
$50,702
Illinois:
$59,588
$985
Chicago:
$238,500
Illinois:
$180,300
6.3%

Vice President (VP), Commercial Lending Job Listings

Key Stats for Vice President (VP), Commercial Lending

Gender

Female
13 %
Male
88 %
1-4 years
6%
5-9 years
33%
10-19 years
44%
20 years or more
17%

Experience Affects Vice President (VP), Commercial Lending Salaries

National Average
$118,000

Experienced
▼2%

Mid-Career
▼4%

Skills That Affect Vice President (VP), Commercial Lending Salaries

Commercial Loans
▲22%

Business Development
▲16%

Loan Underwriting
▲11%

Financial Analysis
▲11%

National Average
$118,000

Gender

Female
13 %
Male
88 %

Years of Experience

1-4 years
6%
5-9 years
33%
10-19 years
44%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 100%
dental benefits
Dental: 100%
vision benefits
Vision: 79%
no benefits
None: