How much does a Commercial Loan Manager make in Rhode Island? The average Commercial Loan Manager salary in Rhode Island is $179,318 as of April 24, 2024, but the range typically falls between $148,543 and $201,827. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Commercial Loan Manager Salary | $120,525 | RI | April 24, 2024 |
25th Percentile Commercial Loan Manager Salary | $148,543 | RI | April 24, 2024 |
50th Percentile Commercial Loan Manager Salary | $179,318 | RI | April 24, 2024 |
75th Percentile Commercial Loan Manager Salary | $201,827 | RI | April 24, 2024 |
90th Percentile Commercial Loan Manager Salary | $222,321 | RI | April 24, 2024 |
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.
Influencing: The ability to impact behaviors and decisions within and outside our organization in direct, indirect and intangible ways.
Performance Review: Assessing employee performance and identifying strengths and weaknesses to promote communication and provide constructive performance feedback.
Onboarding: Onboarding, also known as organizational socialization, is management jargon first created in the 1970's that refers to the mechanism through which new employees acquire the necessary knowledge, skills, and behaviors in order to become effective organizational members and insiders. It is the process of integrating a new employee into the organization and its culture. Tactics used in this process include formal meetings, lectures, videos, printed materials, or computer-based orientations to introduce newcomers to their new jobs and organizations. Research has demonstrated that these socialization techniques lead to positive outcomes for new employees such as higher job satisfaction, better job performance, greater organizational commitment, and reduction in occupational stress and intent to quit.. These outcomes are particularly important to an organization looking to retain a competitive advantage in an increasingly mobile and globalized workforce. In the United States, for example, up to 25% of workers are organizational newcomers engaged in an onboarding process. The term induction is used instead in regions such as Australia, New Zealand, Canada, and parts of Europe. This is known in some parts of the world as training.
Commercial Loan Manager manages a team of commercial loan officers to build commercial loan business within a designated market. Provides operational guidance to loan officers and approves requests for loans beyond the officers' approval limits. Being a Commercial Loan Manager may personally handle the most complex loans and most difficult credit approvals. Adheres to all regulatory requirements and internal risk and operating policies and procedures. Additionally, Commercial Loan Manager builds a high-performance lending team with individual mentoring, coaching, and professional development opportunities. Typically requires a bachelor's degree. Typically reports to a director. The Commercial Loan Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Commercial Loan Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Coventry, RI | Avg. Salary $179,833 | Date Updated April 24, 2024 |
Location Cumberland, RI | Avg. Salary $180,177 | Date Updated April 24, 2024 |
Location East Providence, RI | Avg. Salary $180,177 | Date Updated April 24, 2024 |
Location Narragansett, RI | Avg. Salary $181,207 | Date Updated April 24, 2024 |
Location Tiverton, RI | Avg. Salary $181,722 | Date Updated April 24, 2024 |
Location Westerly, RI | Avg. Salary $182,753 | Date Updated April 24, 2024 |
Location Woonsocket, RI | Avg. Salary $180,005 | Date Updated April 24, 2024 |
Location Adamsville, RI | Avg. Salary $181,722 | Date Updated April 24, 2024 |
Location Albion, RI | Avg. Salary $180,177 | Date Updated April 24, 2024 |
Location Ashaway, RI | Avg. Salary $183,097 | Date Updated April 24, 2024 |
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 Manager, the upper level is Commercial Loan Senior Manager and then progresses to Director of Commercial Lending.
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
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Job Title Banking & Commercial Loan Workout Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Credit Analysis Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Clerk | Experience 1 - 3 | EducationAssociates | Salary Compared to This Job |
Job Title Commercial Loan Clerk, Sr. | Experience 3 - 5 | EducationAssociates | Salary Compared to This Job |
Job Title Commercial Loan Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Commercial Loan Manager salary of your education level.
Commercial Loan Manager salary varies from country to country. There are several factors that mainly impact the Commercial Loan Manager salary, including cost of living, economic conditions, market rates and legal differences. Click below to Commercial Loan Manager salary of the other country.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Commercial Loan Manager salary varies from category to category. Click below to see Commercial Loan Manager salary in different categories.
About Rhode Island Rhode Island (/ˌroʊd -/ (listen)), officially the State of Rhode Island and Providence Plantations, is a state in the New England region of the United....More
Skills associated with Commercial Loan Manager: Loan Software, Due Diligence, Loan Origination, Team Building ...More
Jobs with a similar salary range to Commercial Loan Manager : Loan Manager, Loans Manager
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