How much does a Commercial Loan Review Officer IV make in Springfield, MA? The average Commercial Loan Review Officer IV salary in Springfield, MA is $127,467 as of February 26, 2024, but the range typically falls between $114,843 and $149,572. 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 Review Officer IV Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Review Officer IV Salary $103,350 Springfield,MA February 26, 2024
25th Percentile Commercial Loan Review Officer IV Salary $114,843 Springfield,MA February 26, 2024
50th Percentile Commercial Loan Review Officer IV Salary $127,467 Springfield,MA February 26, 2024
75th Percentile Commercial Loan Review Officer IV Salary $149,572 Springfield,MA February 26, 2024
90th Percentile Commercial Loan Review Officer IV Salary $169,697 Springfield,MA February 26, 2024
25% $114,843 10% $103,350 90% $169,697 75% $149,572 $127,467 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Loan Review Officer IV 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.

Anti Money Laundering: Anti-money laundering (AML) refers to the activities financial institutions perform to achieve compliance with legal requirements to actively monitor for and report suspicious activities.

3.

Due Diligence: Due diligence is the investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or contract with another party, or an act with a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for an acquisition. The theory behind due diligence holds that performing this type of investigation contributes significantly to informed decision making by enhancing the amount and quality of information available to decision makers and by ensuring that this information is systematically used to deliberate in a reflexive manner on the decision at hand and all its costs, benefits, and risks.

Analysis 6.9%
Anti Money Laundering 1.72%
Due Diligence 1.72%
Others 89.66%

Job Description for Commercial Loan Review Officer IV

Commercial Loan Review Officer IV performs reviews of bank's commercial loans to ensure compliance with established policies and credit standards. Reviews mid to large size loans of the most complexity. Being a Commercial Loan Review Officer IV typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Commercial Loan Review Officer IV works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. 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. To be a Commercial Loan Review Officer IV typically requires 10+ years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Loan Review Officer IV in Springfield, MA

Career Path for Commercial Loan Review Officer IV

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 Review Officer IV, the first career path typically progresses to Commercial Loan Review Manager.

Additionally, the second career path typically progresses to Loan Review Manager.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Commercial Loan Review Officer IV salary varies from city to city. Compared with national average salary of Commercial Loan Review Officer IV, the highest Commercial Loan Review Officer IV salary is in San Francisco, CA, where the Commercial Loan Review Officer IV salary is 25.0% above. The lowest Commercial Loan Review Officer IV salary is in Miami, FL, where the Commercial Loan Review Officer IV salary is 2.9% 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
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Step 1 of 3

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

Average Base Salary

Core compensation

 
 
 
114843
149572
127467

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
122659
156253
138405
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Review Officer IV in Springfield, MA. The base salary for Commercial Loan Review Officer IV ranges from $114,843 to $149,572 with the average base salary of $127,467. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $122,659 to $156,253 with the average total cash compensation of $138,405.
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How much should you be paid?

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114843
149572

 

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How much should you be paid?

About Springfield, Massachusetts    Springfield is located at 42°6′45″N 72°32′51″W / 42.11250°N 72.54750°W / 42.11250; -72.54750 (42.112411, −72.547455). According to the United State....More

Springfield, Massachusetts  area prices were up 1.6% from a year ago    View the Cost of Living in Springfield, Massachusetts

Commercial Loan Review Officer IV Salary in popular cities: BostonWorcesterLowell

Skills associated with Commercial Loan Review Officer IV: Risk Assessment, Loan Review, Loan Software, Lending Regulatory Compliance ...More

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