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Commercial Lender

Commercial Lender Job Description

Banks seek commercial lenders who have excellent networking and business development skills. Candidates must be able to work closely with cash management, treasury, specialty finance and other areas of the bank to promote cross sales. Candidates should have a demonstrated knowledge of commercial lending policies and procedures. Banks also look for professionals possessing strong interpersonal, analytical and organizational abilities. The ideal candidate will have at least two years of experience in commercial banking credit analysis. This position requires a bachelor’s degree, ideally in finance or accounting or an equivalent major. Some specialty commercial lending positions may require a master’s degree.

Typical commercial lender duties:

Preparing credit proposals for business loans and capital fundingReviewing loan closing and funding activitiesDeveloping new businessInterviewing applicants and researching credit historiesConstructing loan packages, loan structures, costs and fees, and loan repayment options and termsVerifying information on loan agreementsManaging loan workouts

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Salary for Commercial Lender
74500 - 105250
25th percentile
74500
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
89750
The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.
75th percentile
105250
The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.
Projected salaries for related positions Position title 25th percentile 50th percentile 75th percentile Managing Director/Partner – Banking and Financial Markets 177750 213500 254500 Vice President – Banking and Financial Markets 135500 167000 194250 Banking and Financial Markets Associate 90250 115000 128750 Banking and Financial Markets Analyst 60500 77250 88000 Business Development Officer 96750 122500 146250 Portfolio Manager 105000 127750 155500 Banker 67000 81750 97500 Credit Analyst, 5+ Years’ Experience 75500 92000 109250 Credit Analyst, 3-5 Years’ Experience 58750 71500 82500 Credit Analyst, 1-3 Years’ Experience 50500 61500 79000

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