How much does a Commercial Loan Officer I make in Washington, DC? The average Commercial Loan Officer I salary in Washington, DC is $80,028 as of February 26, 2024, but the range typically falls between $70,068 and $91,666. 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 I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Officer I Salary $60,999 Washington,DC February 26, 2024
25th Percentile Commercial Loan Officer I Salary $70,068 Washington,DC February 26, 2024
50th Percentile Commercial Loan Officer I Salary $80,028 Washington,DC February 26, 2024
75th Percentile Commercial Loan Officer I Salary $91,666 Washington,DC February 26, 2024
90th Percentile Commercial Loan Officer I Salary $102,261 Washington,DC February 26, 2024
25% $70,068 10% $60,999 90% $102,261 75% $91,666 $80,028 50%(Median) Didn’t find job title? Click
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Check out Commercial Loan Officer jobs in Washington, District of Columbia

Loan Quality Specialist

First Community Credit Union of Oregon - Coos Bay, OR

Senior Loan Administration Officer

Century Housing Corporation - Culver City, CA

What skills does a Commercial Loan Officer I 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.

Financial Statements: Obtaining and creating formal records of business activities and cash flows to provide results for financial performance.

Analysis 1.3%
client relationship 0.18%
Financial Statements 0.31%
Others 98.21%

Job Description for Commercial Loan Officer I

Commercial Loan Officer I solicits and services a variety of smaller commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Being a Commercial Loan Officer I approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Additionally, Commercial Loan Officer I adheres to all regulatory requirements and internal risk and operating policies and procedures. May assist senior loan officers with larger or more complex loans. Typically requires a bachelor's degree. Typically reports to a manager. The Commercial Loan Officer I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Loan Officer I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Loan Officer I in Washington, DC

Career Path for Commercial Loan Officer I

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

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 I salary varies from city to city. Compared with national average salary of Commercial Loan Officer I, the highest Commercial Loan Officer I salary is in San Francisco, CA, where the Commercial Loan Officer I salary is 25.0% above. The lowest Commercial Loan Officer I salary is in Miami, FL, where the Commercial Loan Officer I 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%

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Step 1 of 3

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

Average Base Salary

Core compensation

 
 
 
70068
91666
80028

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
72578
100401
85657
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Officer I in Washington, DC. The base salary for Commercial Loan Officer I ranges from $70,068 to $91,666 with the average base salary of $80,028. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $72,578 to $100,401 with the average total cash compensation of $85,657.
Step 2 of 3

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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.

70068
91666

 

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How much should you be paid?

About Washington, District of Columbia    Washington, D.C. is located in the mid-Atlantic region of the U.S. East Coast. Due to the District of Columbia retrocession, the city has a total area....More

Washington, District of Columbia  area prices were up 1.3% from a year ago    View the Cost of Living in Washington, District of Columbia

Commercial Loan Officer I Salary in popular cities:

Skills associated with Commercial Loan Officer I: Commercial Customer Development, Risk Analysis, Due Diligence, Loan Software ...More

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