How much does a Commercial Loan Officer III make in Killen, AL? The average Commercial Loan Officer III salary in Killen, AL is $103,813 as of September 01, 2024, but the range typically falls between $88,234 and $118,882. 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. 

Commercial Loan Officer III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Officer III Salary $74,050 Killen,AL September 01, 2024
25th Percentile Commercial Loan Officer III Salary $88,234 Killen,AL September 01, 2024
50th Percentile Commercial Loan Officer III Salary $103,813 Killen,AL September 01, 2024
75th Percentile Commercial Loan Officer III Salary $118,882 Killen,AL September 01, 2024
90th Percentile Commercial Loan Officer III Salary $132,601 Killen,AL September 01, 2024
25% $88,234 10% $74,050 90% $132,601 75% $118,882 $103,813 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Loan Officer III 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 Analysis: Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. These statements include the income statement, balance sheet, statement of cash flows, notes to accounts and a statement of changes in equity (if applicable). Financial statement analysis is a method or process involving specific techniques for evaluating risks, performance, financial health, and future prospects of an organization. It is used by a variety of stakeholders, such as credit and equity investors, the government, the public, and decision-makers within the organization. These stakeholders have different interests and apply a variety of different techniques to meet their needs. For example, equity investors are interested in the long-term earnings power of the organization and perhaps the sustainability and growth of dividend payments. Creditors want to ensure the interest and principal is paid on the organizations debt securities (e.g., bonds) when due.

3.

Banking Products: Banking Products is the provision of services by a bank to the general public rather than to companies or other banks. Banking proucts is different from wholesale banking in this manner.

Analysis 7.64%
Financial Analysis 1.77%
Banking Products 1.09%
Others 89.5%
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Commercial Loan Officer III 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 Financial Statements, you can get a 8% salary raise. If you are good at Leadership, your salary will increase by 6%. If you are expert in Bank Secrecy Act, your salary will rise by 5%.
Skill Salary Demand
Financial Statements
$112,118
8%
Leadership
$110,042
6%
Bank Secrecy Act
$109,004
5%
Products and Services
$107,966
4%
Commercial Banking
$106,928
3%
Microsoft Office
$106,928
3%
Last Updated on September 01, 2024
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Job Description for Commercial Loan Officer III

Commercial Loan Officer III solicits and services a variety of moderate to large size commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Being a Commercial Loan Officer III approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Additionally, Commercial Loan Officer III adheres to all regulatory requirements and internal risk and operating policies and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Commercial Loan Officer III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Commercial Loan Officer III typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Loan Officer III in Killen, AL
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Career Path for Commercial Loan Officer III

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 III, the upper level is Commercial Loan Officer IV and then progresses to Commercial Loan Officer V.

Those that have already made the climb...
Karri R. Callahan, Chief Financial Officer
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 III salary varies from city to city. Compared with national average salary of Commercial Loan Officer III, the highest Commercial Loan Officer III salary is in San Francisco, CA, where the Commercial Loan Officer III salary is 25.0% above. The lowest Commercial Loan Officer III salary is in Miami, FL, where the Commercial Loan Officer III 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 III, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
88234
118882
103813

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
93694
132429
113030
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Officer III in Killen, AL. The base salary for Commercial Loan Officer III ranges from $88,234 to $118,882 with the average base salary of $103,813. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $93,694 to $132,429 with the average total cash compensation of $113,030.
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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.

88234
118882

 

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How much should you be paid?

About Killen, Alabama    Killen is a town in Lauderdale County, Alabama, United States. It is part of the Florence - Muscle Shoals Metropolitan Statistical Area known as "The ....More

Killen, Alabama  area prices were up 1.3% from a year ago    View the Cost of Living in Killen, Alabama

Commercial Loan Officer III Salary in popular cities: BirminghamMontgomeryMobile

Skills associated with Commercial Loan Officer III: Lending Regulatory Compliance, Due Diligence, Loan Origination, Commercial Customer Development ...More

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