How to Become a Commercial Loan Review Manager

Step 1: Understand the job description and responsibilities of a Commercial Loan Review Manager

What does a Commercial Loan Review Manager do?

A Commercial Loan Review Manager manages loan review staff to ensure that commercial loans comply with established policies and credit standards. Personally reviews the largest size loans of the most complexity. Being a Commercial Loan Review Manager typically requires a bachelor's degree. Typically reports to a head of a unit/department. The Commercial Loan Review Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Commercial Loan Review Manager typically requires 3+ years of managerial experience.

People's Opinions on Commercial Loan Review Manager responsibilities

The manager assumes more responsibility, whereas officers are limited in what they can do.

02/24/2020: Baton Rouge, LA

The manager actually oversees a staff and ensures that bank’s loans are in complete cooperation with local standards.

01/30/2020: Augusta, GA

Officers can only report straightforward loans, but review managers have been trained to report the most complex loan situations, as well as high-dollar amount loans.

01/30/2020: Moline, IL

Reviews participation agreements to ensure servicing is accurate including special servicing that require special handling.

02/19/2020: Boca Raton, FL

This review can help to see if the business is investing its money and investing wisely.

02/02/2020: Gary, IN
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Step 2: Learn best tips to become a Commercial Loan Review Manager

Best tips for those who want to become a Commercial Loan Review Manager

Here are some tips to become a Commercial Loan Review Manager.

Step 3: View best colleges and universities for Commercial Loan Review Manager

Best colleges and universities for Commercial Loan Review Manager

  • Florida Southern College
  • Colby College
  • Dartmouth College
  • University of Notre Dame
  • Western Washington University
  • Canisius College

Step 4: Think about whether is it worth to be a Commercial Loan Review Manager

Is being a Commercial Loan Review Manager Worth it?

People's Opinions on lifestyles

Commercial loans are difficult to oversee, but not because of the complication of paperwork or the contract itself.

01/09/2020: Spokane, WA

The manager actually oversees a staff and ensures that bank’s loans are in complete cooperation with local standards.

01/04/2020: Bangor, ME

Officers can only report straightforward loans, but review managers have been trained to report the most complex loan situations, as well as high-dollar amount loans.

12/28/2019: Greensboro, NC

Requires 5 or more years experience in commercialloan operations or loan accounting department.

02/15/2020: Huntington, WV

Accurate and timely credit quality information for financial and regulatory reporting purposes, and an evaluation of the adequacy of the allowance for loan and lease loss.

01/25/2020: Portsmouth, OH
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Step 5: Prepare relevant skills for being a Commercial Loan Review Manager

What skills do you need to be a Commercial Loan Review Manager?

This role is not a beginner's role, as such, there are many skills required.  It is vital to the role to command: Internal Controls, Risk Assessment, Risk Analysis, Lending Regulatory Compliance, Portfolio Stress Test, Loan Review.  For this position, you need to be experienced with: Loan Software.  Management isn't easy, if it were, everyone would have the competenticies to execute the role with success.

People's Opinions on Commercial Loan Review Manager skills

Management positions do require experience, and a minimum of six or seven years in the loan field is expected.

02/12/2020: Kansas City, MO

Experience with Credit Risk Management or Commercial Credit Review Assurance.

12/13/2019: Alexandria, LA

Experience evaluating loans in an underwriting, portfolio management or Credit Review assurance role.

12/26/2019: Stamford, CT

Knowledge of commercial lending practices, policies, and procedures.

01/15/2020: Fargo, ND

10+ years of experience in banking, a Federal regulatory agency, or a state banking commission with an emphasis in commercial and business credit administration and risk management.

12/01/2019: Lynchburg, VA
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Step 6: View average salary for Commercial Loan Review Manager

How much does a Commercial Loan Review Manager make?

The average salary range for a Commercial Loan Review Manager is from $107,863 to $152,446. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Commercial Loan Review Manager
$107,863 to $152,446

Step 7: Find relevant Commercial Loan Review Manager jobs, and apply.

Looking for Commercial Loan Review Manager jobs?

Here are some Commercial Loan Review Manager jobs in the United States.

Search Commercial Loan Review Manager Jobs in the United States

Step 8: Explore Career Path of Commercial Loan Review Manager