How much does a Commercial Loan Officer II make in New York, NY? The average Commercial Loan Officer II salary in New York, NY is $115,956 as of February 26, 2024, but the range typically falls between $97,963 and $132,115. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Commercial Loan Officer II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Officer II Salary $81,580 New York,NY February 26, 2024
25th Percentile Commercial Loan Officer II Salary $97,963 New York,NY February 26, 2024
50th Percentile Commercial Loan Officer II Salary $115,956 New York,NY February 26, 2024
75th Percentile Commercial Loan Officer II Salary $132,115 New York,NY February 26, 2024
90th Percentile Commercial Loan Officer II Salary $146,827 New York,NY February 26, 2024
25% $97,963 10% $81,580 90% $146,827 75% $132,115 $115,956 50%(Median) Didn’t find job title? Click
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Check out Commercial Loan Officer jobs in New York, New York

Loan Officer

Legacy Mutual Mortgage Services LTD - Corpus Christi, TX

Loan Officer - West Las Vegas, NV

NOVA® Home Loans - Las Vegas, NV

What skills does a Commercial Loan Officer II 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.

client relationship: Client relationship managemen is focused on building relationships with clients to ensure that their needs are met, they are satisfied with the services and/or products provided by the company.

3.

Credit Analysis: Credit analysis is the method by which one calculates the creditworthiness of a business or organization. In other words, It is the evaluation of the ability of a company to honor its financial obligations. The audited financial statements of a large company might be analyzed when it issues or has issued bonds. Or, a bank may analyze the financial statements of a small business before making or renewing a commercial loan. The term refers to either case, whether the business is large or small. The objective of credit analysis is to look at both the borrower and the lending facility being proposed and to assign a risk rating. The risk rating is derived by estimating the probability of default by the borrower at a given confidence level over the life of the facility, and by estimating the amount of loss that the lender would suffer in the event of default. Credit analysis involves a wide variety of financial analysis techniques, including ratio and trend analysis as well as the creation of projections and a detailed analysis of cash flows. Credit analysis also includes an examination of collateral and other sources of repayment as well as credit history and management ability. Analysts attempt to predict the probability that a borrower will default on its debts, and also the severity of losses in the event of default. Credit spreads—the difference in interest rates between theoretically "risk-free" investments such as U.S. treasuries or LIBOR and investments that carry some risk of default—reflect credit analysis by financial market participants.

Analysis 1.29%
client relationship 0.18%
Credit Analysis 0.32%
Others 98.21%

Job Description for Commercial Loan Officer II

Commercial Loan Officer II solicits and services a variety of small to moderate size commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Being a Commercial Loan Officer II approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Additionally, Commercial Loan Officer II 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 II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Commercial Loan Officer II typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Loan Officer II in New York, NY

Career Path for Commercial Loan Officer II

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

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Commercial Loan Officer II salary varies from city to city. Compared with national average salary of Commercial Loan Officer II, the highest Commercial Loan Officer II salary is in San Francisco, CA, where the Commercial Loan Officer II salary is 25.0% above. The lowest Commercial Loan Officer II salary is in Miami, FL, where the Commercial Loan Officer II salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Commercial Loan Officer II, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
97963
132115
115956

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
103347
144391
125707
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Officer II in New York, NY. The base salary for Commercial Loan Officer II ranges from $97,963 to $132,115 with the average base salary of $115,956. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $103,347 to $144,391 with the average total cash compensation of $125,707.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

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For a real-time salary target, tell us more about your role in the four categories below.

97963
132115

 

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How much should you be paid?

About New York, New York    The City of New York, usually called either New York City (NYC) or simply New York (NY), is the most populous city in the United States. With an estim....More

New York, New York  area prices were up 1.6% from a year ago    View the Cost of Living in New York, New York

Commercial Loan Officer II Salary in popular cities: BuffaloRochesterYonkers

Skills associated with Commercial Loan Officer II: Lending Regulatory Compliance, Loan Software, Due Diligence, Loan Origination ...More

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