A person working as a Senior Commercial Loan Officer in United States of America will on average earn $113436 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $113,436.00 |
| Weekly salary | $2,181.46 |
| Daily salary | $310.78 |
| Hourly salary | $38.85 |
This means senior commercial loan officer salary is above average!
Job Industry: banking
Description: A senior commercial loan officer is responsible for managing and overseeing the lending activities of a financial institution. They evaluate loan applications, analyze financial statements, and assess creditworthiness of potential borrowers. They work closely with clients to understand their financing needs and recommend suitable loan products. Additionally, they negotiate terms and conditions of loans, ensuring compliance with regulatory requirements and internal policies. Senior commercial loan officers also build and maintain relationships with existing customers, identifying opportunities for cross-selling and upselling financial products. They monitor loan portfolios, reviewing performance and addressing any delinquencies or defaults. They stay updated on market trends and industry developments to make informed lending decisions. This role requires strong analytical skills, attention to detail, and excellent communication and negotiation abilities.
Tagged with: commercial lending, credit analysis, loan management, financial services, relationship management, risk assessment