Commercial Loan Administrator Salary at Biddeford Savings BETA

How much does a Biddeford Savings Commercial Loan Administrator make?

As of January 2025, the average annual salary for a Commercial Loan Administrator at Biddeford Savings is $76,392, which translates to approximately $37 per hour. Salaries for Commercial Loan Administrator at Biddeford Savings typically range from $64,178 to $84,712, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Biddeford Savings Overview

Website:
biddefordsavings.com
Size:
50 - 100 Employees
Revenue:
$10M - $50M
Industry:
Financial Services

Biddeford Savings is an independent, mutual savings bank. It has four branch locations as well as a Commercial Banking Center. Established in 1867 they strive to serve their community through sponsorship of community events and financial education initiatives.

See similar companies related to Biddeford Savings

What Skills Does a person Need at Biddeford Savings?

At Biddeford Savings, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Loan Review: Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet.
  2. Credit risk: Credit risk is the possibility of loss due to a borrower's defaulting on a loan or not meeting contractual obligations.
  3. Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
  4. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  5. Commercial Loans: A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford.

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Check more jobs information at Biddeford Savings

Job Title Average Biddeford Savings Salary Hourly Rate
2 Assistant Branch Manager $46,071 $22
3 Assistant Vice President $54,706 $26
4 Risk Analyst $54,693 $26
5 Accounting Assistant $42,392 $20
6 Banker $87,020 $42
7 Executive Assistant $74,716 $36
8 Senior Vice President, Chief Information Officer $282,224 $136
9 Bank Teller $30,989 $15
10 Customer Service Representative $32,818 $16
11 Deposit Services Specialist $29,545 $14
12 Executive Administrative Assistant $74,716 $36
13 Executive Vice President $274,376 $132

Hourly Pay at Biddeford Savings

The average hourly pay at Biddeford Savings for a Commercial Loan Administrator is $37 per hour. The location, department, and job description all have an impact on the typical compensation for Biddeford Savings positions. The pay range and total remuneration for the job title are shown in the table below. Biddeford Savings may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $76,392 look to you?

FAQ about Salary and Jobs at Biddeford Savings

1. How much does Biddeford Savings pay per hour?
The average hourly pay is $37. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Biddeford Savings?
According to the data, the highest approximate salary is about $84,712 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Biddeford Savings?
According to the data, the lowest estimated salary is about $64,178 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.