As of January 01, 2025, the average annual salary for a Commercial Loan Business Development Officer II in Cedar Rapids, IA is $107,038. Salary.com reports that pay typically ranges from $87,021 to $123,934, with most professionals earning between $68,797 and $139,317.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $129,503 | $10,792 | $2,490 | $62 |
| Average | $111,848 | $9,321 | $2,151 | $54 |
| 25th Percentile | $90,931 | $7,578 | $1,749 | $44 |
An entry-level Commercial Loan Business Development Officer II with under 1 year experience makes about $99,831. With less than 2 years of experience, a mid-level Commercial Loan Business Development Officer II makes around $100,424. After 2-4 years, the Commercial Loan Business Development Officer II pay rises to about $104,284. Those senior Commercial Loan Business Development Officer II with 5-8 years of experience earn roughly $112,625, and those Commercial Loan Business Development Officer II having 8 years or more experience are expected to earn about $115,131 on average.
| Levels | Salary |
|---|---|
| Entry Level Commercial Loan Business Development Officer II | $99,831 |
| Intermediate Level Commercial Loan Business Development Officer II | $100,424 |
| Senior Level Commercial Loan Business Development Officer II | $104,284 |
| Specialist Level Commercial Loan Business Development Officer II | $112,625 |
| Expert Level Commercial Loan Business Development Officer II | $115,131 |
| Entry Level | 11% |
| Mid Level | 10% |
| Senior Level | 7% |
| Top Level | 1% |
| Experienced | 3% |
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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.
Products and Services: Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.
Commercial Banking: Is a profit oriented banking by providing loans to customers and charging interest. The bank’s funds come from money deposited by the bank customers in saving accounts, checking accounts, money market accounts, and certificates of deposit (CDs).
Product Knowledge: Product knowledge is the ability to communicate information and answer questions about a product or service. It is considered an important knowledge area for any role that puts you in front of customers, investors or the media.
| Skill | Salary | Demand |
|---|---|---|
|
Effective Communication
|
$122,024 |
14%
|
|
Logistics
|
$120,953 |
13%
|
|
Treasury Management
|
$118,813 |
11%
|
|
Presentation
|
$118,813 |
11%
|
|
Customer Contact
|
$117,742 |
10%
|
|
Analysis
|
$116,672 |
9%
|
