Commercial Loan Officer I Salary in East Rochester, New York

Commercial Loan Officer I Salary in East Rochester, NY

How much does a Commercial Loan Officer I make in East Rochester, NY? The average Commercial Loan Officer I salary in East Rochester, NY is $71,450 as of August 27, 2024, but the range typically falls between $62,662 and $82,598. 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. 

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Commercial Loan Officer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Officer I Salary $54,662 East Rochester,NY August 27, 2024
25th Percentile Commercial Loan Officer I Salary $62,662 East Rochester,NY August 27, 2024
50th Percentile Commercial Loan Officer I Salary $71,450 East Rochester,NY August 27, 2024
75th Percentile Commercial Loan Officer I Salary $82,598 East Rochester,NY August 27, 2024
90th Percentile Commercial Loan Officer I Salary $92,748 East Rochester,NY August 27, 2024
25% $62,662 10% $54,662 90% $92,748 75% $82,598 $71,450 50%(Median) Didn’t find job title? Click
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Check out Commercial Loan Officer Job Openings in East Rochester, New York

COMMERCIAL LOAN INSURANCE SPECIALIST

US Tech Solutions - New York, NY

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SME IN COMMERCIAL BANKING AND LOAN TRADING

Techno-Comp USA, Inc. - New York, NY

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MORTGAGE LOAN OFFICER - TRISTATE

United Nations Federal Credit Union - New York, NY

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Commercial Loan Specialist

LHH - New York, NY

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What skills does a Commercial Loan Officer I 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.

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.

See More Skills
Analysis 8.12%
Financial Statements 1.96%
Client Relationship 1.12%
Others 88.8%
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Commercial Loan Officer I higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Client Relationship, you can get a 7% salary raise. If you are good at Leadership, your salary will increase by 5%. If you are expert in Financial Analysis, your salary will rise by 5%.
Skill Salary Demand
Client Relationship
 $76,452
7%
Leadership
 $75,023
5%
Financial Analysis
 $75,023
5%
Financial Statements
 $73,594
3%
Communication Skills
 $73,594
3%
Commercial Loans
 $73,594
3%
Get Latest Data
Last Updated on August 27, 2024

What Should I Pay?

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Job Description for 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. (Copyright 2024 Salary.com)... View full job description

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Salary.com job board provides millions of Commercial Loan Officer I information for you to search for. Click on search button below to see Commercial Loan Officer I job openings or enter a new job title here.

Job Openings for Commercial Loan Officer I in East Rochester, NY
  • US Tech Solutions - New York, NY
    Duration: 3 months contract (with possible extension) Employment Type: W-2 Job Description: Must have some type the following industry experience: Loan Ser...
    - 1 Day Ago
  • Techno-Comp USA, Inc. - New York, NY
    Job Title: SME in Commercial Banking and Loan Trading Location: NYC, NY Duration: Long term SMEWho are in Commercial Banking in Leveraged finance and Loan ...
    - 4 Days Ago
  • United Nations Federal Credit Union - New York, NY
    This position performs the solicitation and origination of residential first and second mortgage loans with potential applicant(s), determination of applic...
    - 1 Day Ago
  • LHH - New York, NY
    LHH Recruitment Solutions is seeking a. Banking Syndication Analyst. for a 12-month contract for a well-established banking client in New York City. This i...
    - 1 Day Ago
  • Techno-Comp USA, Inc. - New York City, NY
    Job Title: SME in Commercial Banking and Loan TradingLocation: NYC, NYDuration: Long term SMEWho are in Commercial Banking in Leveraged finance and Loan Tr...
    - 3 Days Ago

Career Path for Commercial Loan Officer I

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 Officer I, the upper level is Commercial Loan Officer II and then progresses to Commercial Loan Officer IV.

Commercial Loan Officer I
Commercial Loan Officer II
Commercial Loan Officer IV
Those that have already made the climb...
Karri R. Callahan, Chief Financial Officer
RE/MAX HOLDINGS INC
RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokera... More
Fiscal Year Ended in 2023
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Commercial Loan Officer I Pay Difference by Location

Commercial Loan Officer I salary varies from city to city. Compared with national average salary of Commercial Loan Officer I, the highest Commercial Loan Officer I salary is in San Francisco, CA, where the Commercial Loan Officer I salary is 25.0% above. The lowest Commercial Loan Officer I salary is in Miami, FL, where the Commercial Loan Officer I 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%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Commercial Loan Officer I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
62662
82598
71450

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
64720
90195
76214
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Officer I in East Rochester, NY. The base salary for Commercial Loan Officer I ranges from $62,662 to $82,598 with the average base salary of $71,450. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $64,720 to $90,195 with the average total cash compensation of $76,214.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

62662
82598

 

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How much should you be paid?

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About East Rochester, New York    East Rochester is a coterminous town and village located southeast of the City of Rochester in Monroe County, New York. The village, home to about 6,6....More

East Rochester, New York  area prices were up 1.5% from a year ago    View the Cost of Living in East Rochester, New York

Commercial Loan Officer I Salary in popular cities: New York, Buffalo, Rochester

Skills associated with Commercial Loan Officer I: Lending Regulatory Compliance, Risk Analysis, Due Diligence, Loan Authorization ...More

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