1. What is the average salary of a Commercial Loan Officer I?
The average annual salary of Commercial Loan Officer I is $73,464.
In case you are finding an easy salary calculator,
the average hourly pay of Commercial Loan Officer I is $35;
the average weekly pay of Commercial Loan Officer I is $1,413;
the average monthly pay of Commercial Loan Officer I is $6,122.
2. Where can a Commercial Loan Officer I earn the most?
A Commercial Loan Officer I'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 Officer I earns the most in San Jose, CA, where the annual salary of a Commercial Loan Officer I is $92,197.
3. What is the highest pay for Commercial Loan Officer I?
The highest pay for Commercial Loan Officer I is $95,362.
4. What is the lowest pay for Commercial Loan Officer I?
The lowest pay for Commercial Loan Officer I is $56,199.
5. What are the responsibilities of Commercial Loan Officer I?
Commercial Loan Officer I solicits and services a variety of smaller commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Being a Commercial Loan Officer I approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Additionally, Commercial Loan Officer I adheres to all regulatory requirements and internal risk and operating policies and procedures. May assist senior loan officers with larger or more complex loans. Typically requires a bachelor's degree. Typically reports to a manager. The Commercial Loan Officer I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Loan Officer I typically requires 0-2 years of related experience.
6. What are the skills of Commercial Loan Officer I
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.)
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
2.)
Financial Statements: Obtaining and creating formal records of business activities and cash flows to provide results for financial performance.
3.)
Client Relationship: Client relationship managemen is focused on building relationships with clients to ensure that their needs are met, they are satisfied with the services and/or products provided by the company.