How much does a Commercial Loan Officer III make in Maryland? The average Commercial Loan Officer III salary in Maryland is $124,128 as of February 26, 2024, but the range typically falls between $105,622 and $141,592. 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 $88,774 MD February 26, 2024
25th Percentile Commercial Loan Officer III Salary $105,622 MD February 26, 2024
50th Percentile Commercial Loan Officer III Salary $124,128 MD February 26, 2024
75th Percentile Commercial Loan Officer III Salary $141,592 MD February 26, 2024
90th Percentile Commercial Loan Officer III Salary $157,492 MD February 26, 2024
25% $105,622 10% $88,774 90% $157,492 75% $141,592 $124,128 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 Maryland

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Location Avg. Salary Date Updated
Location Dundalk, MD Avg. Salary $123,760 Date Updated February 26, 2024
Location Abell, MD Avg. Salary $133,415 Date Updated February 26, 2024
Location Aberdeen, MD Avg. Salary $121,528 Date Updated February 26, 2024
Location Aberdeen Proving Ground, MD Avg. Salary $122,208 Date Updated February 26, 2024
Location Abingdon, MD Avg. Salary $121,524 Date Updated February 26, 2024
Location Accident, MD Avg. Salary $110,469 Date Updated February 26, 2024
Location Accokeek, MD Avg. Salary $133,776 Date Updated February 26, 2024
Location Adamstown, MD Avg. Salary $130,851 Date Updated February 26, 2024
Location Allen, MD Avg. Salary $127,986 Date Updated February 26, 2024
Location Andrews Air Force Base, MD Avg. Salary $133,976 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 Maryland
Commercial Loan Officer III Salary Graph, Regional Distribution and Summary