Commercial Lender in Chicago, IL

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 funding

Reviewing loan closing and funding activities

Developing new business

Interviewing applicants and researching credit histories

Constructing loan packages, loan structures, costs and fees, and loan repayment options and terms

Verifying information on loan agreements

Managing loan workouts

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Salary for Commercial Lender in Chicago, IL

90890 - 128405

25th percentile

90890

The candidate is new to the role and building the needed skills, experience and autonomy.

50th percentile

109495

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

128405

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

216855

260470

310490