How much does a Commercial Loan Officer II make in Brockton, MA? The average Commercial Loan Officer II salary in Brockton, MA is $107,940 as of March 26, 2024, but the range typically falls between $91,184 and $122,990. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Commercial Loan Officer II Salary | $75,928 | Brockton,MA | March 26, 2024 |
25th Percentile Commercial Loan Officer II Salary | $91,184 | Brockton,MA | March 26, 2024 |
50th Percentile Commercial Loan Officer II Salary | $107,940 | Brockton,MA | March 26, 2024 |
75th Percentile Commercial Loan Officer II Salary | $122,990 | Brockton,MA | March 26, 2024 |
90th Percentile Commercial Loan Officer II Salary | $136,693 | Brockton,MA | March 26, 2024 |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
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.
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.
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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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.
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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 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Commercial Loan Business Development Officer II | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer V | Experience 10 + | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Commercial Loan Officer II salary of your education level.
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About Brockton, Massachusetts According to the United States Census Bureau, the city has a total area of 21.6 square miles (56 km2), of which 21.5 square miles (56 km2) is land an....More
Brockton, Massachusetts area prices were up 1.6% from a year ago View the Cost of Living in Brockton, Massachusetts
Commercial Loan Officer II Salary in popular cities: Boston, Worcester, Springfield
Skills associated with Commercial Loan Officer II: Due Diligence, Commercial Customer Development, Loan Origination, Risk Analysis ...More
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