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Commercial Loan Workout Manager Salary in Altus, Oklahoma

Commercial Loan Workout Manager Salary in Altus, OK

How much does a Commercial Loan Workout Manager make in Altus, OK? The average Commercial Loan Workout Manager salary in Altus, OK is $146,500 as of March 26, 2024, but the range typically falls between $125,500 and $169,300. 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, Salary.com helps you determine your exact pay target.

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Commercial Loan Workout Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Workout Manager Salary $106,381 Altus,OK March 26, 2024
25th Percentile Commercial Loan Workout Manager Salary $125,500 Altus,OK March 26, 2024
50th Percentile Commercial Loan Workout Manager Salary $146,500 Altus,OK March 26, 2024
75th Percentile Commercial Loan Workout Manager Salary $169,300 Altus,OK March 26, 2024
90th Percentile Commercial Loan Workout Manager Salary $190,058 Altus,OK March 26, 2024
25% $125,500 10% $106,381 90% $190,058 75% $169,300 $146,500 50%(Median) Didn’t find job title? Click
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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 2024 Salary.com)

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Job Openings for Commercial Loan Workout Manager in Altus, OK

Career Path for this job

  1. Down a level:

    Loan Restructuring Officer III

    4 - 7 years experience
    Bachelor's Degree

  2. This Job:

    Commercial Loan Workout Manager

    5 + years experience
    Bachelor's Degree

  3. Up a level:

    Commercial Loan Restructuring and Workout Manager


    Bachelor's Degree

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Understand the total compensation opportunity for a Commercial Loan Workout Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
125500
169300
146500

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
142400
204600
166800
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 Altus, OK. The base salary for Commercial Loan Workout Manager ranges from $125,500 to $169,300 with the average base salary of $146,500. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $142,400 to $204,600 with the average total cash compensation of $166,800.
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125500
169300

 

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About Altus, Oklahoma    Altus (pronounced AL-tus) is a city and the county seat in Jackson County, Oklahoma, United States. The population was 19,813 at the 2010 census, a lo....More

Altus, Oklahoma  area prices were up 1.2% from a year ago    View the Cost of Living in Altus, Oklahoma

Commercial Loan Workout Manager Salary in popular cities: Oklahoma City, Tulsa, Norman

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