Banking Loan Manager Commercial Salary in Oak Park, Illinois

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Average Salary for Banking Loan Manager Commercial in Oak Park, Illinois

The average salary of a(n) Banking Loan Manager Commercial in Oak Park, Illinois is $136,409.

The average hourly rate of a(n) Banking Loan Manager Commercial in Oak Park, Illinois is $65.58.

The average bonus of a(n) Banking Loan Manager Commercial in Oak Park, Illinois is $13,054.00.

Job Description:

Manages commercial loan department of a financial institution. Coordinates activities to implement institution's commercial loan policies, procedures, and practices concerning granting or extending lines of credit and loan activities. Develops or approves commercial lending policies and interest rate structures. NOTE: ERI's findings based on asset size. Authorizes loans that exceed staff authority. Provides subordinate officers with functional guidance. Reviews loan applications for completeness. Analyzes applicant's financial status, credit, and property evaluation to determine feasibility of granting loan request. May correspond with or interview applicants or creditors to resolve questions regarding application. Contacts customers, businesses, and community and civic organizations to promote goodwill and generate new business. May prepare financial and regulatory reports required by law, regulations, and Board of Directors. May examine and evaluate loan applications. May interview and hire workers. May evaluate data pertaining to costs to plan budget. May plan and develop methods and procedures for carrying out activities of department. Less

Manages commercial loan department of a financial institution. Coordinates activities to implement institution's commercial loan policies, procedures, and practices concerning granting or extending lines of credit and loan activities. Develops or approves commercial lending policies and interest rate structures. NOTE:... More

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