How much does a Commercial Loan Officer III make in New Mexico? The average Commercial Loan Officer III salary in New Mexico is $111,047 as of February 26, 2024, but the range typically falls between $94,491 and $126,670. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Commercial Loan Officer III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Officer III Salary $79,418 NM February 26, 2024
25th Percentile Commercial Loan Officer III Salary $94,491 NM February 26, 2024
50th Percentile Commercial Loan Officer III Salary $111,047 NM February 26, 2024
75th Percentile Commercial Loan Officer III Salary $126,670 NM February 26, 2024
90th Percentile Commercial Loan Officer III Salary $140,895 NM February 26, 2024
25% $94,491 10% $79,418 90% $140,895 75% $126,670 $111,047 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Loan Officer III need?

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.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Financial Analysis: Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. These statements include the income statement, balance sheet, statement of cash flows, notes to accounts and a statement of changes in equity (if applicable). Financial statement analysis is a method or process involving specific techniques for evaluating risks, performance, financial health, and future prospects of an organization. It is used by a variety of stakeholders, such as credit and equity investors, the government, the public, and decision-makers within the organization. These stakeholders have different interests and apply a variety of different techniques to meet their needs. For example, equity investors are interested in the long-term earnings power of the organization and perhaps the sustainability and growth of dividend payments. Creditors want to ensure the interest and principal is paid on the organizations debt securities (e.g., bonds) when due.

3.

Banking Products: Banking Products is the provision of services by a bank to the general public rather than to companies or other banks. Banking proucts is different from wholesale banking in this manner.

Analysis 7.64%
Financial Analysis 1.77%
Banking Products 1.09%
Others 89.5%

Job Description for Commercial Loan Officer III

Commercial Loan Officer III solicits and services a variety of moderate to large size commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Being a Commercial Loan Officer III approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Additionally, Commercial Loan Officer III adheres to all regulatory requirements and internal risk and operating policies and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Commercial Loan Officer III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Commercial Loan Officer III typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Loan Officer III in New Mexico

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Location Avg. Salary Date Updated
Location Sunland Park, NM Avg. Salary $105,301 Date Updated February 26, 2024
Location Abiquiu, NM Avg. Salary $111,962 Date Updated February 26, 2024
Location Alamogordo, NM Avg. Salary $107,387 Date Updated February 26, 2024
Location Albuquerque, NM Avg. Salary $113,195 Date Updated February 26, 2024
Location Alcalde, NM Avg. Salary $111,962 Date Updated February 26, 2024
Location Algodones, NM Avg. Salary $111,744 Date Updated February 26, 2024
Location Alto, NM Avg. Salary $105,581 Date Updated February 26, 2024
Location Amalia, NM Avg. Salary $111,962 Date Updated February 26, 2024
Location Amistad, NM Avg. Salary $109,434 Date Updated February 26, 2024
Location Angel Fire, NM Avg. Salary $111,962 Date Updated February 26, 2024

Career Path for Commercial Loan Officer III

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Commercial Loan Officer III, the upper level is Commercial Loan Officer IV and then progresses to Commercial Loan Officer V.

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Commercial Loan Officer III Salary in New Mexico
Commercial Loan Officer III Salary Graph, Regional Distribution and Summary