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Loan Workout Officer, Experienced - Commercial Salary in Akron, Indiana

Loan Workout Officer, Experienced - Commercial Salary in Akron, IN

How much does a Loan Workout Officer, Experienced - Commercial make in Akron, IN? The average Loan Workout Officer, Experienced - Commercial salary in Akron, IN is $85,560 as of April 24, 2024, but the range typically falls between $74,200 and $101,290. 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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Loan Workout Officer, Experienced - Commercial Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Workout Officer, Experienced - Commercial Salary $63,857 Akron,IN April 24, 2024
25th Percentile Loan Workout Officer, Experienced - Commercial Salary $74,200 Akron,IN April 24, 2024
50th Percentile Loan Workout Officer, Experienced - Commercial Salary $85,560 Akron,IN April 24, 2024
75th Percentile Loan Workout Officer, Experienced - Commercial Salary $101,290 Akron,IN April 24, 2024
90th Percentile Loan Workout Officer, Experienced - Commercial Salary $115,611 Akron,IN April 24, 2024
25% $74,200 10% $63,857 90% $115,611 75% $101,290 $85,560 50%(Median) Didn’t find job title? Click
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Check out Loan Workout Officer, Experienced - Commercial Job Openings in Akron, Indiana

Vice President Commercial Loan Officer

First Farmers Bank and Trust Company - Carmel, IN

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Commercial Loan Officer

Horizon Bank - Lafayette, IN

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Mortgage Loan Officer I

Members First Credit Union - Midland, MI

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Job Description

The Loan Workout Officer, Experienced - Commercial negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Restructures problem loans for commercial clients. Being a Loan Workout Officer, Experienced - Commercial typically requires a bachelor's degree. Works with loans of moderate size and complexity. In addition, Loan Workout Officer, Experienced - Commercial typically reports to a manager or head of a unit/department. Being a Loan Workout Officer, Experienced - Commercial gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Working as a Loan Workout Officer, Experienced - Commercial typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)

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Job Openings for Loan Workout Officer, Experienced - Commercial in Akron, IN
  • First Farmers Bank and Trust Company - Carmel, IN
    First Farmers Bank & Trust was founded over 139 years ago in the heart of Indiana's most productive agricultural areas. We have grown to $3.0 Billion in as...
    - 3 Days Ago
  • Horizon Bank - Lafayette, IN
    Job Overview. The Commercial Loan Officer plays a vital role on the lending team, collaborating and generating solutions for current and perspective busine...
    - 3 Days Ago
  • Members First Credit Union - Midland, MI
    Do you thrive in helping members with their home buying journey. Members First Credit Union is looking for an experienced mortgage lender to join our team ...
    - 11 Days Ago
  • The Travelers Companies, Inc. - Alpharetta, GA
    Who Are We. Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our...
    - 19 Days Ago
  • The Travelers Companies, Inc. - Walnut Creek, CA
    Who Are We. Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our...
    - 24 Days Ago

Career Path for this job

  1. Down a level:

    Commercial Loan Restructuring Officer I

    0 - 2 years experience
    Bachelor's Degree

  2. This Job:

    Loan Workout Officer, Experienced - Commercial

    2 - 4 years experience
    Bachelor's Degree

  3. Up a level:

    Commercial Loan Restructuring Officer III

    4 - 7 years experience
    Bachelor's Degree

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

Average Base Salary

Core compensation

 
 
 
74200
101290
85560

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
79920
120030
97130
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Workout Officer, Experienced - Commercial in Akron, IN. The base salary for Loan Workout Officer, Experienced - Commercial ranges from $74,200 to $101,290 with the average base salary of $85,560. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $79,920 to $120,030 with the average total cash compensation of $97,130.
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For a real-time salary target, tell us more about your role in the four categories below.

74200
101290

 

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About Akron, Indiana    Akron is a town in Henry Township, Fulton County, Indiana, United States. The population was 1,167 at the 2010 census. Akron is located at 41°2′20″N 8....More

Akron, Indiana  area prices were up 1.3% from a year ago    View the Cost of Living in Akron, Indiana

Loan Workout Officer, Experienced - Commercial Salary in popular cities: Indianapolis, Fort Wayne, Evansville

Salary estimation for Loan Workout Officer, Experienced - Commercial at companies like : Mount Hope Police Station, Master Distributor Of The Americas LLC, ExteriorPlusMO

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