Commercial Officer Salary in Newark, New Jersey

What is the salary range of Commercial Officer?

As of December 01, 2024, the average annual pay of Commercial Officer in Newark, NJ is $83,592. While Salary.com is seeing that Commercial Officer salary in Newark, NJ can go up to $108,588 or down to $64,075, but most earn between $73,376 and $96,676. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Officer in the United States.

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Salary range for a Commercial Officer

$73,376 to $96,676

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Commercial Officer

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Job Openings for Commercial Officer in Newark, NJ

What does a Commercial Officer do?

Common responsibilities of a Commercial Officer

Manage portfolio of existing relationships to include obtaining up to date financial information and evaluating the continued credit worthiness of the borrower.

January 04, 2023

Complete closing transaction by assembling documents, reviewing documents with parties, explaining provisions and procedures, answering questions, checking documents for completeness and accuracy, and obtaining signatures.

January 20, 2023

Maintains a current understanding of Bank procedures and policies, including regulatory compliance issues relating to lending that include but are not limited to, Home Mortgage Disclosure Act (HMDA) Regulation B, Regulation Z, Flood Insurance, Fair Lending, Bank Secrecy Act (BSA)/CIP/SARs/Office of Foreign Asset Control (OFAC), Community Reinvestment Act, Information Security Guidelines, Identity Theft Red Flags, and Unfair, Deceptive, Abusive Acts or Practices.

February 12, 2023

Works in tandem with Credit Administration to request appraisals, applicant credit reports, background checks, reference checks, and other information pertinent to evaluation of loan applications.

February 26, 2023

Assists lending officers in the preparation of pre-funding worksheets, loan documentation checklists and any other communications necessary to properly submit a loan package to the Commercial Loan Documentation department.

March 14, 2023

Monitor the quality of loan portfolios on a continuous basis through loan repayments, deposit activity and financials, and take necessary action to collect from past due accounts.

March 17, 2023

Develop a deep understanding of all stakeholders (regional partners, payors, group purchasing organizations, pharmacies, physicians, patients and their families) promoting positive interactions that foster Flexion's corporate and commercial goals.

April 07, 2023

Provide sales information on a timely basis in order that this information may be included as part of customer service and sales performance reports.

April 28, 2023

Demonstrated track record of managing transactions, leading and cultivating individuals, interacting with all levels of the organization and working within a team environment to manage, monitor and grow portfolio in a business environment based upon mutual respect and teamwork.

April 28, 2023

Review, analyze and interpret financial statements, perform cash flow and personal financial statement analysis in order to assess the financial strength of a borrower.

April 29, 2023

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Commercial Officer Salary By Experience Levels in Newark, NJ

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Commercial Officer Salary By Level of Education in Newark, NJ

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Commercial Officer in Newark, NJ

Average Base Salary

Core compensation

73376

96676

83592

Average Total Cash Compensation

Includes base and annual incentives

76036

105755

89344

What is the average salary for Commercial Officer in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Officer in Newark, NJ. The base salary for Commercial Officer ranges from $73,376 to $96,676 with the average base salary of $83,592. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $76,036 to $105,755 with the average total cash compensation of $89,344.

View Average Salary for Commercial Officer as table

	Average Salary	Average Salary Range
Base Salary	$83,592	$73,376 - $96,676
Bonus	$5,752	$2,660 - $9,079
Total Pay	$89,344	$76,036 - $105,755

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Commercial Officer Salary Near Newark, NJ

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Newark, NJ
CITY, STATE East Orange, NJ	AVERAGE SALARY RANGE $73,506 - $96,847	COMPARE TO Newark, NJ
CITY, STATE West Orange, NJ	AVERAGE SALARY RANGE $73,506 - $96,847	COMPARE TO Newark, NJ
CITY, STATE Bloomfield, NJ	AVERAGE SALARY RANGE $74,870 - $98,644	COMPARE TO Newark, NJ
CITY, STATE Irvington, NJ	AVERAGE SALARY RANGE $73,506 - $96,847	COMPARE TO Newark, NJ
CITY, STATE Union, NJ	AVERAGE SALARY RANGE $73,506 - $96,847	COMPARE TO Newark, NJ
CITY, STATE Elizabeth, NJ	AVERAGE SALARY RANGE $73,506 - $96,847	COMPARE TO Newark, NJ

See salaries for Commercial Officer in locations close to Newark, NJ. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Newark, New Jersey

Newark (/ˈnjuːərk/,[24] locally /njʊərk/)[25] is the most populous city in the U.S. state of New Jersey and the seat of Essex County.[26] As one of the nation's major air, shipping, and rail hubs, the city had a population of 285,154 in 2017, making it the nation's 70th-most populous municipality, after being ranked 63rd in the nation in 2000. Settled in 1666 by Puritans from New Haven Colony, Newark is one of the oldest cities in the United States. Its location at the mouth of the Passaic River (where it flows into Newark Bay) has made the city's waterfront an integral part of the Port of New...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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The Commercial Officer job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Newark, NJ that might be a good fit for the type of job and salary you are looking for.

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