How much does a Commercial Loan Officer V make in Lake Bluff, IL? The average Commercial Loan Officer V salary in Lake Bluff, IL is $168,761 as of August 27, 2024, but the range typically falls between $141,216 and $196,835. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Commercial Loan Officer V Salary | $116,138 | Lake Bluff,IL | August 27, 2024 |
25th Percentile Commercial Loan Officer V Salary | $141,216 | Lake Bluff,IL | August 27, 2024 |
50th Percentile Commercial Loan Officer V Salary | $168,761 | Lake Bluff,IL | August 27, 2024 |
75th Percentile Commercial Loan Officer V Salary | $196,835 | Lake Bluff,IL | August 27, 2024 |
90th Percentile Commercial Loan Officer V Salary | $222,395 | Lake Bluff,IL | August 27, 2024 |
What Should I Pay?
Commercial Loan Officer V 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 V approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Additionally, Commercial Loan Officer V 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 V works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. To be a Commercial Loan Officer V typically requires 10+ years of related experience. (Copyright 2024 Salary.com)... View full job description
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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 V, the upper level is Commercial Loan Manager and then progresses to Commercial Loan Senior Manager.
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Commercial Loan Officer V salary varies from city to city. Compared with national average salary of Commercial Loan Officer V, the highest Commercial Loan Officer V salary is in San Francisco, CA, where the Commercial Loan Officer V salary is 25.0% above. The lowest Commercial Loan Officer V salary is in Miami, FL, where the Commercial Loan Officer V salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Commercial Loan Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Review Officer IV | Experience 10 + | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Commercial Loan Officer V salary of your education level.
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About Lake Bluff, Illinois Lake Bluff is a village in Lake County, Illinois, United States. It is located on the North Shore of Lake Michigan, and is part of the Chicago metropo....More
Lake Bluff, Illinois area prices were up 1.8% from a year ago View the Cost of Living in Lake Bluff, Illinois
Commercial Loan Officer V Salary in popular cities: Chicago, Aurora, Rockford
Skills associated with Commercial Loan Officer V: Loan Authorization, Loan Origination, Loan Software, Risk Analysis ...More
Jobs with a similar salary range to Commercial Loan Officer V : Commercial Advisor