How much does a Community Reinvestment Officer make in Bloomfield, NJ? The average Community Reinvestment Officer salary in Bloomfield, NJ is $104,153 as of February 26, 2024, but the range typically falls between $74,307 and $131,333. 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. 

Community Reinvestment Officer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Community Reinvestment Officer Salary $50,956 Bloomfield,NJ February 26, 2024
25th Percentile Community Reinvestment Officer Salary $74,307 Bloomfield,NJ February 26, 2024
50th Percentile Community Reinvestment Officer Salary $104,153 Bloomfield,NJ February 26, 2024
75th Percentile Community Reinvestment Officer Salary $131,333 Bloomfield,NJ February 26, 2024
90th Percentile Community Reinvestment Officer Salary $156,079 Bloomfield,NJ February 26, 2024
25% $74,307 10% $50,956 90% $156,079 75% $131,333 $104,153 50%(Median) Didn’t find job title? Click
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What skills does a Community Reinvestment Officer 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.

Products and Services: Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.

2.

Community Engagement: Community engagement seeks to engage community to achieve sustainable outcomes, equitable decision-making processes, and deepen relationships and trust between government organisations and communities.

3.

Product Knowledge: Product knowledge is the ability to communicate information and answer questions about a product or service. It is considered an important knowledge area for any role that puts you in front of customers, investors or the media.

Products and Services 5.88%
Community Engagement 1.81%
Product Knowledge 1.36%
Others 90.95%

Job Description for Community Reinvestment Officer

Community Reinvestment Officer oversees the bank's CRA Programs and policies to ensure compliance with federal Community Reinvestment Act banking regulations to meet the credit needs of the area's low to moderate-income populations. Serves as the subject matter expert of CRA laws, rules, and regulations by maintaining a deep and up-to-date knowledge of regulatory requirements, proposed legislation, and announcements. Being a Community Reinvestment Officer reviews and analyzes lending activity data and practices to ensure compliance with CRA policies. Develops, implements, and administers the overall corporate CRA plan and localized or remedial plans with guidelines and standards to assist with compliance. Additionally, Community Reinvestment Officer advises management and coordinates with legal staff on the potential impact of actions. Coordinates and delivers reports to bank leadership and regulatory agencies. Ensures the bank has a positive and visible role in community economic development activities, events, and initiatives. Requires a bachelor's degree or equivalent. Typically reports to a director. The Community Reinvestment Officer work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Community Reinvestment Officer typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Community Reinvestment Officer in Bloomfield, NJ

Career Path for Community Reinvestment Officer

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 Community Reinvestment Officer, the first career path typically progresses to Construction Loan Manager.

The second career path typically progresses to Middle Market Lending Manager.

The third career path typically starts with a Vice President of Lending position, and then progresses to Chief Lending Officer.

Additionally, the fourth career path typically progresses to SBA Banking 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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Community Reinvestment Officer salary varies from city to city. Compared with national average salary of Community Reinvestment Officer, the highest Community Reinvestment Officer salary is in San Francisco, CA, where the Community Reinvestment Officer salary is 25.0% above. The lowest Community Reinvestment Officer salary is in Miami, FL, where the Community Reinvestment Officer 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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Average Base Salary

Core compensation

 
 
 
74307
131333
104153

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
83363
139347
111083
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Community Reinvestment Officer in Bloomfield, NJ. The base salary for Community Reinvestment Officer ranges from $74,307 to $131,333 with the average base salary of $104,153. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $83,363 to $139,347 with the average total cash compensation of $111,083.
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74307
131333

 

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About Bloomfield, New Jersey    Bloomfield is a township in Essex County, New Jersey, United States. As of the 2010 United States Census, the township's population was 47,315, reflec....More

Bloomfield, New Jersey  area prices were up 1.5% from a year ago    View the Cost of Living in Bloomfield, New Jersey

Community Reinvestment Officer Salary in popular cities: NewarkJersey CityPaterson

Skills associated with Community Reinvestment Officer: Community Development, Loan Software, Community Lending Program, Banking Software ...More

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