1. What is the average salary of a Commercial Loan Director?
The average annual salary of Commercial Loan Director is $220,168.
In case you are finding an easy salary calculator,
the average hourly pay of Commercial Loan Director is $106;
the average weekly pay of Commercial Loan Director is $4,234;
the average monthly pay of Commercial Loan Director is $18,347.
2. Where can a Commercial Loan Director earn the most?
A Commercial Loan Director's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Commercial Loan Director earns the most in San Jose, CA, where the annual salary of a Commercial Loan Director is $277,698.
3. What is the highest pay for Commercial Loan Director?
The highest pay for Commercial Loan Director is $262,884.
4. What is the lowest pay for Commercial Loan Director?
The lowest pay for Commercial Loan Director is $177,563.
5. What are the responsibilities of Commercial Loan Director?
Directs and manages commercial lending activity for a designated market of the organization. Establishes and manages lending objectives, targets, strategies, and practices to achieve organizational financial, growth, and service goals. Seeks out new business opportunities and develops strategies to expand existing business. Manages the maintenance and servicing of existing commercial loan portfolio. Adheres to all regulatory requirements and internal risk and operating policies and procedures. Builds a high-performance lending team with individual coaching and professional development opportunities. Requires a bachelor's degree. Typically reports to top management. Manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.