Loan Workout Officer, Experienced - Commercial Salary in New York
Loan Workout Officer, Experienced - Commercial Salary in New York
How much does a Loan Workout Officer, Experienced - Commercial make in New York? The average Loan Workout Officer, Experienced - Commercial salary in New York is $97,020 as of March 26, 2024, but the range typically falls between $84,140 and $114,860. 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.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Loan Workout Officer, Experienced - Commercial Salary | $72,413 | NY | March 26, 2024 |
| 25th Percentile Loan Workout Officer, Experienced - Commercial Salary | $84,140 | NY | March 26, 2024 |
| 50th Percentile Loan Workout Officer, Experienced - Commercial Salary | $97,020 | NY | March 26, 2024 |
| 75th Percentile Loan Workout Officer, Experienced - Commercial Salary | $114,860 | NY | March 26, 2024 |
| 90th Percentile Loan Workout Officer, Experienced - Commercial Salary | $131,102 | NY | March 26, 2024 |
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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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Career Path for this job
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Down a level:
Commercial Loan Restructuring Officer I
0 - 2 years experience
Bachelor's Degree -
This Job:
Loan Workout Officer, Experienced - Commercial
2 - 4 years experience
Bachelor's Degree -
Up a level:
Commercial Loan Restructuring Officer III
4 - 7 years experience
Bachelor's Degree
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Select a city to view specific salary and bonus information for Loan Workout Officer, Experienced - Commercial
| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Brentwood, NY | Avg. Salary $99,655 | Date Updated March 26, 2024 |
| Location Clay, NY | Avg. Salary $90,463 | Date Updated March 26, 2024 |
| Location Henrietta, NY | Avg. Salary $89,553 | Date Updated March 26, 2024 |
| Location Huntington, NY | Avg. Salary $103,750 | Date Updated March 26, 2024 |
| Location Levittown, NY | Avg. Salary $99,837 | Date Updated March 26, 2024 |
| Location Nassau, NY | Avg. Salary $99,837 | Date Updated March 26, 2024 |
| Location New Suffolk, NY | Avg. Salary $98,472 | Date Updated March 26, 2024 |
| Location Accord, NY | Avg. Salary $97,198 | Date Updated March 26, 2024 |
| Location Acra, NY | Avg. Salary $92,465 | Date Updated March 26, 2024 |
| Location Adams, NY | Avg. Salary $90,008 | Date Updated March 26, 2024 |
About New York
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Level of Education
- Loan Workout Officer, Experienced - Commercial Salaries with an Associate's Degree
- Loan Workout Officer, Experienced - Commercial Salaries with a Bachelor's Degree
- Loan Workout Officer, Experienced - Commercial Salaries with a Master's Degree or MBA
- Loan Workout Officer, Experienced - Commercial Salaries with a JD, MD, PhD or Equivalent
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About New York New York is a state in the Northeastern United States. New York was one of the original thirteen colonies that formed the United States. New York cov....More
Salary estimation for Loan Workout Officer, Experienced - Commercial at companies like : Mount Hope Police Station, Master Distributor Of The Americas LLC, ExteriorPlusMO
