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Commercial Lender in White Plains, NY

Commercial Lender Job Description

Banks seek commercial lenders who have excellent networking and business development skills. Candidates must be able to work closely with cash management, treasury, specialty finance and other areas of the bank to promote cross sales. Candidates should have a demonstrated knowledge of commercial lending policies and procedures. Banks also look for professionals possessing strong interpersonal, analytical and organizational abilities. The ideal candidate will have at least two years of experience in commercial banking credit analysis. This position requires a bachelor’s degree, ideally in finance or accounting or an equivalent major. Some specialty commercial lending positions may require a master’s degree.

Typical commercial lender duties:

Preparing credit proposals for business loans and capital fundingReviewing loan closing and funding activitiesDeveloping new businessInterviewing applicants and researching credit historiesConstructing loan packages, loan structures, costs and fees, and loan repayment options and termsVerifying information on loan agreementsManaging loan workouts

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Salary for Commercial Lender in White Plains, NY
97600 - 139200
Low
97600
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
118080
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
139200
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Managing Director/Partner 229120 274880 328640 Vice President of Banking and Financial Markets 177600 217600 256960 Portfolio Manager 135360 164160 199360 Business Development Officer 123840 156800 187200 Banking and Financial Markets Associate 115520 147200 164800 Banking and Financial Markets Analyst 77760 100480 115520 Banking Operations Specialist 53440 79360 113920 Senior Credit Analyst 97920 120640 142720 Credit Analyst 75840 93440 108480 Entry-Level Credit Analyst 65280 80320 102400

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.