Commercial Loan Workout Manager Salary in the United States

How much does a Commercial Loan Workout Manager make in the United States? The average Commercial Loan Workout Manager salary in the United States is $153,800 as of August 27, 2019, but the range typically falls between $131,800 and $177,800. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, helps you determine your exact pay target.  View the Cost of Living in Major Cities

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Salary estimation for Commercial Loan Workout Manager at companies like : FS BANCORP, INC., HIGHLANDS BANKSHARES INC /VA/, LTC PROPERTIES INC

Job Description

The Commercial Loan Workout Manager may require a bachelor's degree. Manages a staff of professionals in restructuring problem business banking and commercial loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Manager typically reports to top management. The Commercial Loan Workout Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. Working as a Commercial Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2019

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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Workout Manager in the United States. The base salary for Commercial Loan Workout Manager ranges from $131,800 to $177,800 with the average base salary of $153,800. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $149,400 to $214,800 with the average total cash compensation of $175,100.
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