How much does a Commercial Loan Manager make in Delaware? The average Commercial Loan Manager salary in Delaware is $174,710 as of February 26, 2024, but the range typically falls between $144,741 and $196,642. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Commercial Loan Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Manager Salary $117,455 DE February 26, 2024
25th Percentile Commercial Loan Manager Salary $144,741 DE February 26, 2024
50th Percentile Commercial Loan Manager Salary $174,710 DE February 26, 2024
75th Percentile Commercial Loan Manager Salary $196,642 DE February 26, 2024
90th Percentile Commercial Loan Manager Salary $216,610 DE February 26, 2024
25% $144,741 10% $117,455 90% $216,610 75% $196,642 $174,710 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Loan Manager 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.

Influencing: The ability to impact behaviors and decisions within and outside our organization in direct, indirect and intangible ways.

2.

Performance Review: Assessing employee performance and identifying strengths and weaknesses to promote communication and provide constructive performance feedback.

3.

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.

Influencing 5.56%
Performance Review 5.56%
Onboarding 2.78%
Others 86.1%

Job Description for Commercial Loan Manager

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. Being a Commercial Loan Manager 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. Additionally, Commercial Loan Manager 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. The Commercial Loan Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Commercial Loan Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Loan Manager in Delaware

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Location Avg. Salary Date Updated
Location Bear, DE Avg. Salary $179,379 Date Updated February 26, 2024
Location Delaware City, DE Avg. Salary $179,447 Date Updated February 26, 2024
Location Harrington, DE Avg. Salary $180,970 Date Updated February 26, 2024
Location Lewes, DE Avg. Salary $180,970 Date Updated February 26, 2024
Location Middletown, DE Avg. Salary $179,473 Date Updated February 26, 2024
Location Milford, DE Avg. Salary $180,970 Date Updated February 26, 2024
Location Rehoboth Beach, DE Avg. Salary $181,659 Date Updated February 26, 2024
Location Seaford, DE Avg. Salary $177,968 Date Updated February 26, 2024
Location Smyrna, DE Avg. Salary $179,660 Date Updated February 26, 2024
Location Bethany Beach, DE Avg. Salary $181,659 Date Updated February 26, 2024

Career Path for Commercial Loan Manager

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 Loan Manager, the upper level is Commercial Loan Senior Manager and then progresses to Director of Commercial Lending.

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Commercial Loan Manager Salary in Delaware
Commercial Loan Manager Salary Graph, Regional Distribution and Summary