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Commercial lending vice president vs finance manager

The differences between commercial lending vice presidents and finance 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 finance manager. Additionally, a finance manager has an average salary of $101,374, which is higher than the $94,727 average annual salary of a commercial lending vice president.

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

Commercial lending vice president vs finance manager overview

Commercial Lending Vice PresidentFinance Manager
Yearly salary$94,727$101,374
Hourly rate$45.54$48.74
Growth rate17%17%
Number of jobs58,563125,345
Job satisfaction-5
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 66%
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 finance manager do?

A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.

Commercial lending vice president vs finance manager salary

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

Commercial Lending Vice PresidentFinance Manager
Average salary$94,727$101,374
Salary rangeBetween $73,000 And $121,000Between $71,000 And $144,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Barclays
Best paying industry-Finance

Differences between commercial lending vice president and finance manager education

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

Commercial Lending Vice PresidentFinance Manager
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Commercial lending vice president vs finance manager demographics

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

Commercial Lending Vice PresidentFinance Manager
Average age4646
Gender ratioMale, 81.7% Female, 18.3%Male, 60.0% Female, 40.0%
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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between commercial lending vice president and finance 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

Finance manager example responsibilities.

  • Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
  • Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
  • Lead successful sales team and provide direct oversight on overall dealership business profitability.
  • Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
  • Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
  • Execute simple SQL queries to validate data in tables.
  • Show more

Commercial lending vice president vs finance 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 finance manager skills
  • Financial Analysis, 7%
  • CPA, 7%
  • Customer Service, 6%
  • Hyperion, 4%
  • Financial Models, 4%
  • Strong Analytical, 4%

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