Head of Lending Banking Salary in Bedford, Massachusetts

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Average Salary for Head of Lending Banking in Bedford, Massachusetts

The average salary of a(n) Head of Lending Banking in Bedford, Massachusetts is $165,717.

The average hourly rate of a(n) Head of Lending Banking in Bedford, Massachusetts is $79.67.

The average bonus of a(n) Head of Lending Banking in Bedford, Massachusetts is $18,245.00.

Job Description:

Directs loan operations of financial institutions, such as bank, finance company, mortgage banking company, savings and loan association, or trust company. Plans, develops, and establishes policies and objectives of function in accordance with objectives of organization. Directs, through subordinate managerial personnel, activities of workers engaged in performing financial functions. Confers with organization officials to plan business objectives, to develop organizational policies, and to coordinate functions. Directs and coordinates activities to implement institution's policies, procedures, and practices concerning granting or extending lines of credit, commercial loans, real estate loans, and consumer credit loans. Responsible for financial institution's entire loan portfolio and profitability of lending activities. Establishes procedures for custody and control of records and loan collateral to ensure safekeeping. Less

Directs loan operations of financial institutions, such as bank, finance company, mortgage banking company, savings and loan association, or trust company. Plans, develops, and establishes policies and objectives of function in accordance with objectives of organization. Directs, through subordinate managerial... More

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