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Corporate banking officer vs senior loan officer

The differences between corporate banking officers and senior loan officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a corporate banking officer and a senior loan officer. Additionally, a corporate banking officer has an average salary of $91,218, which is higher than the $37,162 average annual salary of a senior loan officer.

The top three skills for a corporate banking officer include cash management, corporate banking and risk management. The most important skills for a senior loan officer are customer service, loan applications, and origination.

Corporate banking officer vs senior loan officer overview

Corporate Banking OfficerSenior Loan Officer
Yearly salary$91,218$37,162
Hourly rate$43.85$17.87
Growth rate4%4%
Number of jobs71,78465,807
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 66%
Average age4545
Years of experience66

Corporate banking officer vs senior loan officer salary

Corporate banking officers and senior loan officers have different pay scales, as shown below.

Corporate Banking OfficerSenior Loan Officer
Average salary$91,218$37,162
Salary rangeBetween $58,000 And $141,000Between $29,000 And $46,000
Highest paying CitySan Francisco, CAMiami, FL
Highest paying stateWashingtonHawaii
Best paying companyWestpacSalal Credit Union
Best paying industryFinanceFinance

Differences between corporate banking officer and senior loan officer education

There are a few differences between a corporate banking officer and a senior loan officer in terms of educational background:

Corporate Banking OfficerSenior Loan Officer
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 66%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Corporate banking officer vs senior loan officer demographics

Here are the differences between corporate banking officers' and senior loan officers' demographics:

Corporate Banking OfficerSenior Loan Officer
Average age4545
Gender ratioMale, 63.1% Female, 36.9%Male, 69.4% Female, 30.6%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.7% American Indian and Alaska Native, 0.5%Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.4% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between corporate banking officer and senior loan officer duties and responsibilities

Corporate banking officer example responsibilities.

  • Manage a combination of commercial and personal banking relationships, and promote cross-selling across multiple product lines.
  • Complete random audits on vaults, ATM's, cash boxes, and cash machines.
  • Monitor and track securities transactions, fund transfers, margin accounts.
  • Assist in cross selling new treasury services to existing clients in order to increase revenue.
  • Service and fund all daily treasury and corporate credit functions, checking for loan compliance and legal documentation.
  • Supervise end-of-dayprocessing for: teller, vault and ATM cash balancing, wire transfers, overdrafts and checkprocessing.
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Senior loan officer example responsibilities.

  • Oversee the loan origination process from inception to completion and initiate aggressive business growth opportunities in a highly competitive market.
  • Maintain close relationships with loan processors and problem-solve upcoming issues to ensure quality loan origination and minimize last-minute conditions of approval.
  • Prepare FNMA 1003 and RESPA documents.
  • Underwrite over 30 FNMA modification loans determining terms of trial and permanent modifications.
  • Utilize automated underwriting engines to assess credit and collateral risk conventional and FHA lending.
  • Establish communication with escrow officers, processors, loan officers and underwriter regarding loan status and/or missing information.
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Corporate banking officer vs senior loan officer skills

Common corporate banking officer skills
  • Cash Management, 25%
  • Corporate Banking, 23%
  • Risk Management, 8%
  • Client Relationships, 7%
  • Treasury, 7%
  • Loan Portfolio, 5%
Common senior loan officer skills
  • Customer Service, 15%
  • Loan Applications, 11%
  • Origination, 10%
  • Business Relationships, 5%
  • FHA, 5%
  • Va, 5%

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