Loan Workout Officer, Specialist - Commercial Salary in Akron, Ohio

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Loan Workout Officer, Specialist - Commercial Salary in Akron, OH

What is the highest and lowest pay for Loan Workout Officer, Specialist - Commercial?

As of December 01, 2024, the average annual pay of Loan Workout Officer, Specialist - Commercial in Akron, OH is $145,790. While Salary.com is seeing that the highest pay for Loan Workout Officer, Specialist - Commercial in Akron, OH can go up to $181,840 and the lowest down to $114,382, but most earn between $129,350 and $164,660. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Workout Officer, Specialist - Commercial in the United States.

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Loan Workout Officer, Specialist - Commercial Salaries by Percentile
Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $164,660 $13,722 $3,167 $79
Average $145,790 $12,149 $2,804 $70
25th Percentile $129,350 $10,779 $2,488 $62
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Average Salary

25% $129,350 10% $114,382 90% $181,840 75% $164,660 $145,790 50%(Median) Didn’t find job title? Click
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View Loan Workout Officer, Specialist - Commercial Salary by Hour, Week, Month, Year

Salary.com provides you with accurate and diversified Loan Workout Officer, Specialist - Commercial salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Loan Workout Officer, Specialist - Commercial hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
$129,350
Average
$145,790/year
$164,660
$10,779
Average
$12,149/month
$13,722
$2,488
Average
$2,804/week
$3,167
$62
Average
$70/hour
$79
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $164,660 $13,722 $3,167 $79
Average $145,790 $12,149 $2,804 $70
25th Percentile $129,350 $10,779 $2,488 $62
Last Updated on December 01, 2024

View Loan Workout Officer, Specialist - Commercial Salary by Experience Levels

An entry-level Loan Workout Officer, Specialist - Commercial with under 1 year experience makes about $136,615. With less than 2 years of experience, a mid-level Loan Workout Officer, Specialist - Commercial makes around $137,837. After 2-4 years, the Loan Workout Officer, Specialist - Commercial pay rises to about $139,058. Those senior Loan Workout Officer, Specialist - Commercial with 5-8 years of experience earn roughly $143,455, and those Loan Workout Officer, Specialist - Commercial having 8 years or more experience are expected to earn about $152,736 on average.

Levels Salary
Entry Level Loan Workout Officer, Specialist - Commercial $136,615
Intermediate Level Loan Workout Officer, Specialist - Commercial $137,837
Senior Level Loan Workout Officer, Specialist - Commercial $139,058
Specialist Level Loan Workout Officer, Specialist - Commercial $143,455
Expert Level Loan Workout Officer, Specialist - Commercial $152,736
$136,615 0 yr
$137,837 < 2 yrs
$139,058 2-4 yrs
$143,455 5-8 yrs
$152,736 > 8 yrs
Last Updated on December 01, 2024
Entry Level 6%
Mid Level 5%
Senior Level 5%
Top Level 2%
Experienced 5%
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Last Updated on December 01, 2024

Highest Paying Cities in Ohio for Loan Workout Officer, Specialist - Commercial

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Job Openings of Loan Workout Officer, Specialist - Commercial

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Cost of Living In Akron, OH

Cost of Living in Akron , OH is
-6.3% Lower
than the National Average
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Best-Paid Skills and Qualifications for Loan Workout Officer, Specialist - Commercial

What skills does a Loan Workout Officer, Specialist - Commercial need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.

3.

Digital Transformation: The process of creating new or modifying existing non-digital business processes and services using digital technologies to meet the evolving market and customer needs.

See More Skills
Analysis 8.89%
Economics 2.22%
Digital Transformation 1.11%
Others 87.78%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Loan Workout Officer, Specialist - Commercial higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Communication Skills, you can get a 36% salary raise. If you are good at Credit Reports, your salary will increase by 35%. If you are expert in Presentation, your salary will rise by 30%.
Skill Salary Demand
Communication Skills
 $198,274
36%
Credit Reports
 $196,817
35%
Presentation
 $189,527
30%
Problem Solving
 $166,201
14%
Word Processing
 $166,201
14%
Accountability
 $166,201
14%
Get Latest Data
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Loan Workout Officer, Specialist - Commercial is $145,790 per year in Akron, OH, updated at December 01, 2024.
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