Job Description for a Commercial Loan Secretary
Investors in commercial real estate commonly obtain loans through companies that specialize in commercial financing. A commercial loan secretary provides administrative and sales support to the employees of these organizations. Based on information compiled by CBSalary, as of July 2010 the average annual salary for a commercial loan secretary in the United States was $39,639.
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Job Duties
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Commercial loan secretaries process real estate documents such as sales contracts, lease agreements and escrow closings. The secretary must also schedule meetings, arrange travel, document expense reports and compose correspondence for staff members. Answering customer inquiries in person and on the telephone are also important parts of the job.
Skill Requirements
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Commercial loan secretaries need effective time management and project coordination skills to efficiently complete all daily duties. Good interpersonal communication abilities are required to converse with associates and customers. A commercial loan secretary must also possess knowledge of real estate sales procedures and industry jargon.
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Preferred Background
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Experience working in the real estate industry is desirable for a commercial loan secretary, and employers prefer candidates with work experience in administrative or secretarial support. Completed classes in real estate law or finance also benefit a prospective commercial loan secretary.
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References
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