How much does a Commercial Credit Analyst III make in Passaic, NJ? The average Commercial Credit Analyst III salary in Passaic, NJ is $102,516 as of March 26, 2024, but the range typically falls between $88,650 and $117,249. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Commercial Credit Analyst III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Credit Analyst III Salary $76,025 Passaic,NJ March 26, 2024
25th Percentile Commercial Credit Analyst III Salary $88,650 Passaic,NJ March 26, 2024
50th Percentile Commercial Credit Analyst III Salary $102,516 Passaic,NJ March 26, 2024
75th Percentile Commercial Credit Analyst III Salary $117,249 Passaic,NJ March 26, 2024
90th Percentile Commercial Credit Analyst III Salary $130,663 Passaic,NJ March 26, 2024
25% $88,650 10% $76,025 90% $130,663 75% $117,249 $102,516 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Credit Analyst III need?

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.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.

3.

Professional Development: Professional development refers to continuing education and career training after a person has entered the workforce in order to help them develop new skills, stay up-to-date on current trends, and advance their career.

Analysis 20.27%
Microsoft Office 2.12%
Professional Development 1.35%
Others 76.26%

Job Description for Commercial Credit Analyst III

Commercial Credit Analyst III collects, reviews, and analyzes data to prepare a detailed credit analysis that evaluates the terms and creditworthiness of commercial loan applications. Uses multiple sources of information, including financial statements, collateral appraisals, credit scores, and cash flow analysis, to assign risk ratings to loans and complete an analysis of the applicant's financial status. Being a Commercial Credit Analyst III calculates debt-to-income (DTI) ratios to evaluate an applicant's ability to repay the loan. Prepares credit memos in a standardized format that includes key ratios, supporting information, an executive summary, and objective recommendations. Additionally, Commercial Credit Analyst III presents credit reports to loan officers and loan committees. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Commercial Credit Analyst III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Commercial Credit Analyst III typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Credit Analyst III in Passaic, NJ

Career Path for Commercial Credit Analyst III

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Commercial Credit Analyst III, the upper level is Commercial Credit Analyst IV and then progresses to Commercial Credit Analysis Manager.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Commercial Credit Analyst III salary varies from city to city. Compared with national average salary of Commercial Credit Analyst III, the highest Commercial Credit Analyst III salary is in San Francisco, CA, where the Commercial Credit Analyst III salary is 25.0% above. The lowest Commercial Credit Analyst III salary is in Miami, FL, where the Commercial Credit Analyst III salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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Understand the total compensation opportunity for a Commercial Credit Analyst III, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
88650
117249
102516

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
91257
128267
106694
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Credit Analyst III in Passaic, NJ. The base salary for Commercial Credit Analyst III ranges from $88,650 to $117,249 with the average base salary of $102,516. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $91,257 to $128,267 with the average total cash compensation of $106,694.
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88650
117249

 

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About Passaic, New Jersey    According to the United States Census Bureau, the city had a total area of 3.244 square miles (8.401 km2), including 3.146 square miles (8.149 km2) of....More

Passaic, New Jersey  area prices were up 1.5% from a year ago    View the Cost of Living in Passaic, New Jersey

Commercial Credit Analyst III Salary in popular cities: NewarkJersey CityPaterson

Skills associated with Commercial Credit Analyst III: Risk Assessment, Risk Analysis, Credit Verification, Credit Analysis ...More

Salary estimation for Commercial Credit Analyst III at companies like : Cosan/usa Manufacturer's Ltd, KTITLE Company LLC, Parish Emergency Prprdns

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