As of December 01, 2024, the average annual pay of Consumer Loan Officer III in Reston, VA is $73,803. While Salary.com is seeing that Consumer Loan Officer III salary in Reston, VA can go up to $91,334 or down to $58,932, but most earn between $66,019 and $82,979. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Consumer Loan Officer III in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $74,689 | $6,224 | $1,436 | $36 |
| Average | $66,429 | $5,536 | $1,277 | $32 |
| 25th Percentile | $59,423 | $4,952 | $1,143 | $29 |
An entry-level Consumer Loan Officer III with under 1 year experience makes about $70,907. With less than 2 years of experience, a mid-level Consumer Loan Officer III makes around $71,139. After 2-4 years, the Consumer Loan Officer III pay rises to about $74,133. Those senior Consumer Loan Officer III with 5-8 years of experience earn roughly $77,949, and those Consumer Loan Officer III having 8 years or more experience are expected to earn about $78,222 on average.
| Levels | Salary |
|---|---|
| Entry Level Consumer Loan Officer III | $70,907 |
| Intermediate Level Consumer Loan Officer III | $71,139 |
| Senior Level Consumer Loan Officer III | $74,133 |
| Specialist Level Consumer Loan Officer III | $77,949 |
| Expert Level Consumer Loan Officer III | $78,222 |
| Entry Level | 7% |
| Mid Level | 7% |
| Senior Level | 12% |
| Top Level | 17% |
| Experienced | 18% |
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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.
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.
Bank Secrecy Act: The Currency and Foreign Transactions Reporting Act of 1970—which legislative framework is commonly referred to as the "Bank Secrecy Act" (BSA)—requires U.S. financial institutions to assist U.S. government agencies to detect and prevent money laundering.
Business Development: Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way. In addition, business development activities can be done internally or externally by a business development consultant. External business development can be facilitated through Planning Systems, which are put in place by governments to help small businesses. In addition, reputation building has also proven to help facilitate business development.
| Skill | Salary | Demand |
|---|---|---|
|
Wealth Management
|
$86,349 |
17%
|
|
Business Development
|
$83,397 |
13%
|
|
Listening
|
$81,921 |
11%
|
|
Underwriting
|
$81,183 |
10%
|
|
Credit Card
|
$80,445 |
9%
|
|
Teamwork
|
$77,493 |
5%
|
