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Commercial Loan Workout Manager Salary in Minnesota

Commercial Loan Workout Manager Salary in Minnesota

How much does a Commercial Loan Workout Manager make in Minnesota? The average Commercial Loan Workout Manager salary in Minnesota is $176,700 as of March 26, 2024, but the range typically falls between $151,400 and $204,200. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

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Commercial Loan Workout Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Workout Manager Salary $128,366 MN March 26, 2024
25th Percentile Commercial Loan Workout Manager Salary $151,400 MN March 26, 2024
50th Percentile Commercial Loan Workout Manager Salary $176,700 MN March 26, 2024
75th Percentile Commercial Loan Workout Manager Salary $204,200 MN March 26, 2024
90th Percentile Commercial Loan Workout Manager Salary $229,237 MN March 26, 2024
25% $151,400 10% $128,366 90% $229,237 75% $204,200 $176,700 50%(Median) Didn’t find job title? Click
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Check out Commercial Loan Workout Manager Job Openings in Minnesota

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SLATT CAPITAL - Burlingame, CA

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First Community Credit Union of Oregon - Coos Bay, OR

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MRINetwork Jobs - Fresno, CA

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Commercial Loan Servicing Portfolio Analyst

Clearinghouse CDFI - Lake Forest, CA

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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 Minnesota

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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Select a city to view specific salary and bonus information for Commercial Loan Workout Manager

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Location Avg. Salary Date Updated
Location Lakeville, MN Avg. Salary $182,026 Date Updated March 26, 2024
Location Minnetonka, MN Avg. Salary $183,235 Date Updated March 26, 2024
Location Ada, MN Avg. Salary $163,202 Date Updated March 26, 2024
Location Adams, MN Avg. Salary $171,492 Date Updated March 26, 2024
Location Adolph, MN Avg. Salary $166,829 Date Updated March 26, 2024
Location Adrian, MN Avg. Salary $154,222 Date Updated March 26, 2024
Location Afton, MN Avg. Salary $181,854 Date Updated March 26, 2024
Location Ah Gwah Ching, MN Avg. Salary $165,793 Date Updated March 26, 2024
Location Aitkin, MN Avg. Salary $167,001 Date Updated March 26, 2024
Location Akeley, MN Avg. Salary $165,965 Date Updated March 26, 2024

View Salary Data for All Nearby Cities

North Dakota

Commercial Loan Workout Manager Salaries in Fargo, North Dakota
Commercial Loan Workout Manager Salaries in Grand Forks, North Dakota

South Dakota

Commercial Loan Workout Manager Salaries in Sioux Falls, South Dakota

Wisconsin

Commercial Loan Workout Manager Salaries in La Crosse, Wisconsin

About Minnesota    Minnesota (/ˌmɪnɪˈsoʊtə/ (listen)) is a state in the Upper Midwest and northern regions of the United States. Minnesota was admitted as the 32nd U.S. ....More

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