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Loan Workout Officer, Experienced - Commercial Salary in Albuquerque, New Mexico

Loan Workout Officer, Experienced - Commercial Salary in Albuquerque, NM

How much does a Loan Workout Officer, Experienced - Commercial make in Albuquerque, NM? The average Loan Workout Officer, Experienced - Commercial salary in Albuquerque, NM is $85,740 as of April 24, 2024, but the range typically falls between $74,360 and $101,510. 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 $63,999 Albuquerque,NM April 24, 2024
25th Percentile Loan Workout Officer, Experienced - Commercial Salary $74,360 Albuquerque,NM April 24, 2024
50th Percentile Loan Workout Officer, Experienced - Commercial Salary $85,740 Albuquerque,NM April 24, 2024
75th Percentile Loan Workout Officer, Experienced - Commercial Salary $101,510 Albuquerque,NM April 24, 2024
90th Percentile Loan Workout Officer, Experienced - Commercial Salary $115,868 Albuquerque,NM April 24, 2024
25% $74,360 10% $63,999 90% $115,868 75% $101,510 $85,740 50%(Median) Didn’t find job title? Click
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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 Albuquerque, NM

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

 
 
 
74360
101510
85740

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
80090
120290
97340
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 Albuquerque, NM. The base salary for Loan Workout Officer, Experienced - Commercial ranges from $74,360 to $101,510 with the average base salary of $85,740. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $80,090 to $120,290 with the average total cash compensation of $97,340.
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74360
101510

 

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About Albuquerque, New Mexico    According to the United States Census Bureau, Albuquerque has a total area of 189.5 square miles (490.9 km2), of which 187.7 square miles (486.2 km2) ....More

Albuquerque, New Mexico  area prices were up 2.5% from a year ago    View the Cost of Living in Albuquerque, New Mexico

Loan Workout Officer, Experienced - Commercial Salary in popular cities: Las Cruces, Rio Rancho, Santa Fe

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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