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Commercial lending vice president vs credit manager

The differences between commercial lending vice presidents and credit managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a commercial lending vice president and a credit manager. Additionally, a commercial lending vice president has an average salary of $94,727, which is higher than the $68,583 average annual salary of a credit manager.

The top three skills for a commercial lending vice president include loan portfolio, financial statements and business development. The most important skills for a credit manager are customer service, financial statements, and credit card.

Commercial lending vice president vs credit manager overview

Commercial Lending Vice PresidentCredit Manager
Yearly salary$94,727$68,583
Hourly rate$45.54$32.97
Growth rate17%17%
Number of jobs58,56363,898
Job satisfaction--
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 67%
Average age4646
Years of experience88

What does a commercial lending vice president do?

A Commercial Lending Vice President provides customers with financial counseling and recommends bank products that fit their needs. They monitor a team of loan officers.

What does a credit manager do?

A credit manager is an individual who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses. They must manage the proper relationship with agencies such as the collection agency, credit insurance providers, and the sales department. Credit managers may work in different industries such as banks, accounting firms, or auto dealerships. They must also possess a bachelor's degree in financial management or related field.

Commercial lending vice president vs credit manager salary

Commercial lending vice presidents and credit managers have different pay scales, as shown below.

Commercial Lending Vice PresidentCredit Manager
Average salary$94,727$68,583
Salary rangeBetween $73,000 And $121,000Between $39,000 And $119,000
Highest paying City-San Francisco, CA
Highest paying state-Oregon
Best paying company-Microsoft
Best paying industry-Finance

Differences between commercial lending vice president and credit manager education

There are a few differences between a commercial lending vice president and a credit manager in terms of educational background:

Commercial Lending Vice PresidentCredit Manager
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Commercial lending vice president vs credit manager demographics

Here are the differences between commercial lending vice presidents' and credit managers' demographics:

Commercial Lending Vice PresidentCredit Manager
Average age4646
Gender ratioMale, 81.7% Female, 18.3%Male, 53.9% Female, 46.1%
Race ratioBlack or African American, 8.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 7.3% White, 65.1% American Indian and Alaska Native, 0.3%Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.5% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between commercial lending vice president and credit manager duties and responsibilities

Commercial lending vice president example responsibilities.

  • Establish and manage customer relationships, credit approval/recommendation, documentation, servicing of commercial, real estate, and SBA loans.
  • Manage a loan pipeline from origination through to settlement and funding in accordance with Bankpolicies, procedures and regulatory requirements.
  • Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
  • Expand commercial loan product offerings by establish bank with the SBA, enabling usage of SBA programs for loan risk mitigation.
  • Co-Manage a portfolio of $275MM with a senior relationship manager facilitating underwriting, renewals and origination.
  • Manage a loan pipeline from origination through to settlement and funding in accordance with Bankpolicies, procedures and regulatory requirements.
  • Show more

Credit manager example responsibilities.

  • Manage treasury department including all cash management, bank relationships, and debt negotiations.
  • Manage an initiative to move customers from checks to ACH with CTX or EDI remittances.
  • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
  • Launch the new SBA lending and residential mortgage lending programs.
  • Complete loan workouts and restructures on SBA 504 and LIHTC multifamily loans.
  • Leverage GBM using features generate on Experian's tradeline data through unsupervise learning tool Khiops.
  • Show more

Commercial lending vice president vs credit manager skills

Common commercial lending vice president skills
  • Loan Portfolio, 11%
  • Financial Statements, 7%
  • Business Development, 7%
  • Real Estate Loans, 6%
  • Commercial Banking, 5%
  • Commercial Loans, 5%
Common credit manager skills
  • Customer Service, 16%
  • Financial Statements, 9%
  • Credit Card, 5%
  • Credit Risk, 5%
  • Credit Policy, 5%
  • Customer Accounts, 4%

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