Manager, Loan Operations Salary at Merit Bank BETA

How much does a Merit Bank Manager, Loan Operations make?

As of April 2025, the average annual salary for a Manager, Loan Operations at Merit Bank is $126,569, which translates to approximately $61 per hour. Salaries for Manager, Loan Operations at Merit Bank typically range from $107,743 to $155,310, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Merit Bank Overview

Website:
meritbank.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Financial Services

Merit Bank, a subsidiary of Merit Bancorporation, was formed in 2019 and is headquartered in Huntsville, Alabama. Merit Bank is a full-service bank specializing in commercial and agricultural lending, cash management and small business banking.

See similar companies related to Merit Bank

What Skills Does a person Need at Merit Bank?

At Merit Bank, specify the abilities and skills that a person needs in order to carry out the specified job duties. 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. Banking System: Banking system is a group or network of institutions that provide financial services. It provide credit opportunities, facilitate fund flow into the economy, ensure financial generation for public development and growth, and provide payment options.
  2. Bond: Bonds are issued by borrowers to raise money from investors willing to lend them money for a certain amount of time.
  3. Coaching: Coaching is a form of development in which an experienced person, called a coach, supports a learner or client in achieving a specific personal or professional goal by providing training and guidance.
  4. Communicates Effectively: Effective communication is the process of exchanging ideas, thoughts, opinions, knowledge, and data so that the message is received and understood with clarity and purpose.
  5. Communication Skills: Communication skills are your ability to share or understand information, ideas, and feelings successfully.

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Check more jobs information at Merit Bank

Job Title Average Merit Bank Salary Hourly Rate
2 Loan Coordinator $31,989 $15
3 Mortgage Banker $102,948 $49
4 Mortgage Consultant $102,948 $49
5 Assistant Vice President $48,598 $23
6 Customer Service Teller $24,481 $12
7 Executive Vice President $243,741 $117
8 Credit Officer $182,631 $88
9 Deposit Operations Specialist $24,481 $12
10 Bank Teller $27,529 $13
11 Chief Operating Officer $373,672 $180
12 Compliance Specialist $83,661 $40

Hourly Pay at Merit Bank

The average hourly pay at Merit Bank for a Manager, Loan Operations is $61 per hour. The location, department, and job description all have an impact on the typical compensation for Merit Bank positions. The pay range and total remuneration for the job title are shown in the table below. Merit Bank may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $126,569 look to you?

FAQ about Salary and Jobs at Merit Bank

1. How much does Merit Bank pay per hour?
The average hourly pay is $61. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Merit Bank?
According to the data, the highest approximate salary is about $155,310 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Merit Bank?
According to the data, the lowest estimated salary is about $107,743 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.