1. What is the average salary of a Commercial Loan Officer IV?
The average annual salary of Commercial Loan Officer IV is $140,323.
In case you are finding an easy salary calculator,
the average hourly pay of Commercial Loan Officer IV is $67;
the average weekly pay of Commercial Loan Officer IV is $2,699;
the average monthly pay of Commercial Loan Officer IV is $11,694.
2. Where can a Commercial Loan Officer IV earn the most?
A Commercial Loan Officer IV'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 IV earns the most in San Jose, CA, where the annual salary of a Commercial Loan Officer IV is $176,105.
3. What is the highest pay for Commercial Loan Officer IV?
The highest pay for Commercial Loan Officer IV is $175,517.
4. What is the lowest pay for Commercial Loan Officer IV?
The lowest pay for Commercial Loan Officer IV is $102,606.
5. What are the responsibilities of Commercial Loan Officer IV?
Commercial Loan Officer IV solicits and services a variety of large and complex commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Being a Commercial Loan Officer IV approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Additionally, Commercial Loan Officer IV 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 IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be a Commercial Loan Officer IV typically requires 7+ years of related experience.
6. What are the skills of Commercial Loan Officer IV
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 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.
