Asset-based lending jobs are becoming increasingly popular in the finance industry. This type of lending is secured by assets such as inventory, accounts receivable, and equipment, making it a lower-risk option for lenders. There are a variety of positions available in asset-based lending, including loan officers, underwriters, and relationship specialists. Each position requires a different skill set and level of experience, but they all play an important role in the lending process.
One of the most attractive aspects of asset-based lending jobs is the salary range. According to Payscale, the average salary for a loan officer in asset-based lending is around $75,000 per year, with some earning as much as $250,000. Underwriters and relationship specialists can also earn a competitive salary, with an average of around $60,000 to $80,000 per year. The exact salary will depend on the position, level of experience, and location.
If you’re interested in pursuing a career in asset-based lending, there are several top job boards and websites to help you find the right position. Indeed.com is a popular job board that lists a variety of asset-based lending jobs, including loan officers, underwriters, and relationship specialists. Glassdoor and LinkedIn are also great resources for finding asset-based lending jobs and learning more about the industry. By utilizing these resources, you can find the perfect asset-based lending job to fit your skills and experience.
Key Takeaways
- Asset-based lending jobs include loan officers, underwriters, and relationship specialists.
- The average salary for a loan officer in asset-based lending is around $75,000 per year.
- Top job boards and websites for asset-based lending jobs include Indeed.com, Glassdoor, and LinkedIn.
Asset Based Lending Careers
Asset based lending is a growing field that offers a wide range of career opportunities. Individuals interested in this field can find employment in various positions, including underwriters, analysts, and sales representatives. The salary ranges for these positions vary depending on the level of experience and the specific job requirements.
Underwriters
Underwriters are responsible for evaluating loan applications and determining the risk associated with lending money to a borrower. They analyze financial statements, collateral, and other factors to determine whether a loan should be approved. The salary range for underwriters in asset based lending is typically between $60,000 and $120,000 per year, with an average salary of $90,000.
Analysts
Analysts in asset based lending are responsible for conducting research and analyzing data to determine the value of collateral. They use this information to make recommendations on whether a loan should be approved. The salary range for analysts is typically between $75,000 and $150,000 per year, with an average salary of $105,000.
Sales Representatives
Sales representatives in asset based lending are responsible for developing and maintaining relationships with clients. They work to identify potential borrowers and help them secure loans. The salary range for sales representatives is typically between $75,000 and $250,000 per year, with an average salary of $150,000.
Job Websites
Individuals interested in pursuing a career in asset based lending can find job listings on various websites. Some of the top websites for finding asset based lending jobs include Indeed, LinkedIn, and Glassdoor. These websites offer a wide range of job listings, as well as resources for career advice and networking opportunities.
Asset Based Lending Salary
When it comes to asset-based lending jobs, the salary range can vary depending on the position, experience level, and location. According to Talent.com, the average asset-based lending salary in the USA is $107,500 per year or $51.68 per hour. Entry-level positions start at $78,400 per year, while most experienced workers make up to $167,500 per year.
Here are some of the most common asset-based lending job positions and their respective salary ranges:
- Asset-Based Lending Analyst: An asset-based lending analyst typically earns between $55,000 to $125,000 per year, depending on the company and location. The average salary for an asset-based lending analyst is $85,000 per year, according to Glassdoor.
- Asset-Based Lending Underwriter: The salary range for an asset-based lending underwriter is between $70,000 to $150,000 per year, with an average salary of $105,000 per year, according to Indeed.
- Asset-Based Lending Manager: An asset-based lending manager can earn between $80,000 to $200,000 per year, depending on the company and location. The average salary for an asset-based lending manager is $120,000 per year, according to Glassdoor.
It’s important to note that these salary ranges are not set in stone and can vary depending on the company, location, and experience level. Additionally, bonuses and commission structures can also significantly impact an asset-based lending professional’s overall compensation.
When considering a career in asset-based lending, it’s important to research the salary range for the specific position and location to ensure that it aligns with your budget and financial goals. Some of the top websites to find asset-based lending jobs include Indeed and Glassdoor, which provide salary information and job listings for various asset-based lending positions across the country.
Top Job Boards and Websites for Asset Based Lending Jobs
When it comes to finding asset-based lending jobs, there are a few job boards and websites that are worth checking out. Here are some of the top ones:
Remote
For those looking for remote asset-based lending jobs, Indeed.com is a great place to start. They have a wide range of remote positions available, from Asset-Based Lending Field Examiner to Asset-Based Lending Portfolio Manager. The salary range for these positions is typically between $70,000 and $150,000 per year, with an average salary of around $100,000.
GlassDoor.com (based in Chicago, IL)
If you’re looking for asset-based lending jobs, Glassdoor.com is a great resource. They have a variety of positions available, from Asset-Based Lending Analyst to Asset-Based Lending Relationship Manager. The salary range for these positions is typically between $60,000 and $120,000 per year, with an average salary of around $85,000.
CareerBuilder.com (based in Boston, MA)
For those looking for asset-based lending jobs, CareerBuilder.com is a great place to start. They have a variety of positions available, from Asset-Based Lending Director to Asset-Based Lending Underwriter. The salary range for these positions is typically between $80,000 and $180,000 per year, with an average salary of around $120,000.
It’s important to note that the salary ranges and average salaries listed above are just estimates and can vary depending on a number of factors, including experience, education, and location.
In addition to these job boards and websites, it’s also worth checking out reviews of different companies that offer asset-based lending jobs. This can give you a better idea of what it’s like to work for a particular company and what the salary and benefits are like. Finally, be sure to carefully review the application requirements for any job you’re interested in to ensure that you meet all of the qualifications.
