Senior Loan Workout Officer Salary in the United States

The Senior Loan Workout Officer works with the largest and highest complexity loans. Restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower and to facilitate collection. Being a Senior Loan Workout Officer may specialize in a particular loan type or industry. Analyzes financial data and provides required reporting. In addition, Senior Loan Workout Officer may guide and mentor junior team members. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Being a Senior Loan Workout Officer contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Working as a Senior Loan Workout Officer typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)

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