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Hourly Wage for Loan Workout Officer, Senior - Commercial Salary in the United States

Hourly Wage for Loan Workout Officer, Senior - Commercial Salary

How much does a Loan Workout Officer, Senior - Commercial make hourly in the United States? The average hourly wage for a Loan Workout Officer, Senior - Commercial in the United States is $59 as of March 26, 2024, but the range typically falls between $51 and $68. Hourly rate 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, Senior - Commercial Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Loan Workout Officer, Senior - Commercial Salary $43 US March 26, 2024
25th Percentile Loan Workout Officer, Senior - Commercial Salary $51 US March 26, 2024
50th Percentile Loan Workout Officer, Senior - Commercial Salary $59 US March 26, 2024
75th Percentile Loan Workout Officer, Senior - Commercial Salary $68 US March 26, 2024
90th Percentile Loan Workout Officer, Senior - Commercial Salary $76 US March 26, 2024
25% $51 10% $43 90% $76 75% $68 $59 50%(Median) Didn’t find job title? Click
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Check out Loan Workout Officer, Senior - Commercial Job Openings in Columbus, Ohio

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CITIZENS NATIONAL BANK - Bluffton, OH

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Synergy One Lending, Inc. NMLS #1907235 - Chagrin Falls, OH

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Job Description

The Loan Workout Officer, Senior - 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, Senior - Commercial typically requires a bachelor's degree. Works with loans of moderate to large size and complexity. In addition, Loan Workout Officer, Senior - Commercial typically reports to a manager or head of a unit/department. Being a Loan Workout Officer, Senior - Commercial contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Working as a Loan Workout Officer, Senior - Commercial typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)

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Job Openings for Loan Workout Officer, Senior - Commercial

Career Path for this job

  1. Down a level:

    Commercial Loan Restructuring Officer II

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Loan Workout Officer, Senior - Commercial

    4 - 7 years experience
    Bachelor's Degree

  3. Up a level:

    Commercial Loan Restructuring Officer IV

    7 + years experience
    Bachelor's Degree

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Understand the total hourly compensation opportunity for a Loan Workout Officer, Senior - Commercial, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
51
68
59

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
55
81
69
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Loan Workout Officer, Senior - Commercial in the United States. The average hourly rate for Loan Workout Officer, Senior - Commercial ranges from $51 to $68 with the average hourly pay of $59. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $55 to $81 with the average total hourly cash compensation of $69.
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For a real-time salary target, tell us more about your role in the four categories below.

51
68

 

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Salary estimation for Loan Workout Officer, Senior - Commercial at companies like : Monico Alloys , Inc - Titanium Plant, IRS Exempt Orgs, Godfrey Forest Products LLC

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