1. What is the average salary of a Commercial Loan Manager?
The average annual salary of Commercial Loan Manager is $153,625.
In case you are finding an easy salary calculator,
the average hourly pay of Commercial Loan Manager is $74;
the average weekly pay of Commercial Loan Manager is $2,954;
the average monthly pay of Commercial Loan Manager is $12,802.
2. Where can a Commercial Loan Manager earn the most?
A Commercial Loan Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Commercial Loan Manager earns the most in San Jose, CA, where the annual salary of a Commercial Loan Manager is $192,799.
3. What is the highest pay for Commercial Loan Manager?
The highest pay for Commercial Loan Manager is $186,832.
4. What is the lowest pay for Commercial Loan Manager?
The lowest pay for Commercial Loan Manager is $115,269.
5. What are the responsibilities of Commercial Loan Manager?
Manages a team of commercial loan officers to build commercial loan business within a designated market. Provides operational guidance to loan officers and approves requests for loans beyond the officers' approval limits. May personally handle the most complex loans and most difficult credit approvals. Adheres to all regulatory requirements and internal risk and operating policies and procedures. Builds a high-performance lending team with individual mentoring, coaching, and professional development opportunities. Typically requires a bachelor's degree. Typically reports to a director. Supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. Typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes.
6. What are the skills of Commercial Loan Manager
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.
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Influencing: The ability to impact behaviors and decisions within and outside our organization in direct, indirect and intangible ways.
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Performance Review: Assessing employee performance and identifying strengths and weaknesses to promote communication and provide constructive performance feedback.
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Onboarding: Onboarding, also known as organizational socialization, is management jargon first created in the 1970's that refers to the mechanism through which new employees acquire the necessary knowledge, skills, and behaviors in order to become effective organizational members and insiders. It is the process of integrating a new employee into the organization and its culture. Tactics used in this process include formal meetings, lectures, videos, printed materials, or computer-based orientations to introduce newcomers to their new jobs and organizations. Research has demonstrated that these socialization techniques lead to positive outcomes for new employees such as higher job satisfaction, better job performance, greater organizational commitment, and reduction in occupational stress and intent to quit.. These outcomes are particularly important to an organization looking to retain a competitive advantage in an increasingly mobile and globalized workforce. In the United States, for example, up to 25% of workers are organizational newcomers engaged in an onboarding process. The term induction is used instead in regions such as Australia, New Zealand, Canada, and parts of Europe. This is known in some parts of the world as training.