As of March 01, 2025, the average annual salary for a Senior Loan Workout Officer in Sioux Falls, SD is $129,200. According to Salary.com, salaries can range from a low of $98,404 to a high of $159,824, with most professionals earning between $113,080 and $145,230.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $145,230 | $12,103 | $2,793 | $70 |
| Average | $129,200 | $10,767 | $2,485 | $62 |
| 25th Percentile | $113,080 | $9,423 | $2,175 | $54 |
An entry-level Senior Loan Workout Officer with under 1 year experience makes about $120,611. With less than 2 years of experience, a mid-level Senior Loan Workout Officer makes around $121,800. After 2-4 years, the Senior Loan Workout Officer pay rises to about $124,179. Those senior Senior Loan Workout Officer with 5-8 years of experience earn roughly $127,747, and those Senior Loan Workout Officer having 8 years or more experience are expected to earn about $133,665 on average.
| Levels | Salary |
|---|---|
| Entry Level Senior Loan Workout Officer | $120,611 |
| Intermediate Level Senior Loan Workout Officer | $121,800 |
| Senior Level Senior Loan Workout Officer | $124,179 |
| Specialist Level Senior Loan Workout Officer | $127,747 |
| Expert Level Senior Loan Workout Officer | $133,665 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 4% |
| Top Level | 1% |
| Experienced | 3% |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Promotion: Developing and implementing promotional activities to attract and increase the awareness of customers in buying products.
BI: Business intelligence (BI) is a technology-driven process for analyzing data and delivering actionable information that helps executives, managers and workers make informed business decisions.
| Skill | Salary | Demand |
|---|---|---|
|
Legal Documents
|
$139,536 |
8%
|
|
Credit Reports
|
$135,660 |
5%
|
|
Credit Administration
|
$135,660 |
5%
|
|
Accounting
|
$133,076 |
3%
|
|
Accounting
|
$133,076 |
3%
|
|
Accounting
|
$133,076 |
3%
|
