Commercial Loan Restructuring and Workout Manager Salary in the United States

The Commercial Loan Restructuring and Workout Manager works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Directs and manages a team of professionals in restructuring commercial loans. Being a Commercial Loan Restructuring and Workout Manager develops programs and manages strategies to reach performance goals. Responsible for collecting potential loans that are viable. In addition, Commercial Loan Restructuring and Workout Manager provides guidance and oversight on high complexity or challenging loans. Requires a bachelor's degree. Typically reports to a head of a unit/department. The Commercial Loan Restructuring and Workout Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. Working as a Commercial Loan Restructuring and Workout Manager typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)

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