How much does a Commercial Loan Officer III make in Cleveland, OH? The average Commercial Loan Officer III salary in Cleveland, OH is $118,842 as of February 26, 2024, but the range typically falls between $101,124 and $135,562. 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 III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Officer III Salary $84,993 Cleveland,OH February 26, 2024
25th Percentile Commercial Loan Officer III Salary $101,124 Cleveland,OH February 26, 2024
50th Percentile Commercial Loan Officer III Salary $118,842 Cleveland,OH February 26, 2024
75th Percentile Commercial Loan Officer III Salary $135,562 Cleveland,OH February 26, 2024
90th Percentile Commercial Loan Officer III Salary $150,785 Cleveland,OH February 26, 2024
25% $101,124 10% $84,993 90% $150,785 75% $135,562 $118,842 50%(Median) Didn’t find job title? Click
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Commercial Loan Closer

SLATT CAPITAL - Burlingame, CA

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 0.71%
Financial Analysis 0.17%
Banking Products 0.1%
Others 99.02%

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 Cleveland, OH

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.

Those that have already made the climb...
John D. Rainey, Former Chief Financial Officer and EVP, Global Customer Operations
PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consu... More
Fiscal Year Ended in 2022
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Commercial Loan Officer III salary varies from city to city. Compared with national average salary of Commercial Loan Officer III, the highest Commercial Loan Officer III salary is in San Francisco, CA, where the Commercial Loan Officer III salary is 25.0% above. The lowest Commercial Loan Officer III salary is in Miami, FL, where the Commercial Loan Officer III 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 III, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
101124
135562
118842

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
107504
150755
129781
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Officer III in Cleveland, OH. The base salary for Commercial Loan Officer III ranges from $101,124 to $135,562 with the average base salary of $118,842. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $107,504 to $150,755 with the average total cash compensation of $129,781.
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How much should you be paid?

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

101124
135562

 

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How much should you be paid?

About Cleveland, Ohio    Cleveland (/ˈkliːvlənd/ KLEEV-lənd) is a major city in the U.S. state of Ohio, and the county seat of Cuyahoga County. The city proper has a populatio....More

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

Commercial Loan Officer III Salary in popular cities: ColumbusCincinnatiToledo

Skills associated with Commercial Loan Officer III: Commercial Customer Development, Loan Software, Due Diligence, Lending Regulatory Compliance ...More

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