Banking & Commercial Loan Workout Manager Salary in the United States

Banking & Commercial Loan Workout Manager Salary

How much does a Banking & Commercial Loan Workout Manager make in the United States? The average Banking & Commercial Loan Workout Manager salary in the United States is $174,623 as of August 27, 2024, but the range typically falls between $149,607 and $201,817. Salary ranges 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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Banking & Commercial Loan Workout Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Banking & Commercial Loan Workout Manager Salary $126,830 US August 27, 2024
25th Percentile Banking & Commercial Loan Workout Manager Salary $149,607 US August 27, 2024
50th Percentile Banking & Commercial Loan Workout Manager Salary $174,623 US August 27, 2024
75th Percentile Banking & Commercial Loan Workout Manager Salary $201,817 US August 27, 2024
90th Percentile Banking & Commercial Loan Workout Manager Salary $226,576 US August 27, 2024
25% $149,607 10% $126,830 90% $226,576 75% $201,817 $174,623 50%(Median) Didn’t find job title? Click
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Check out Banking & Commercial Loan Workout Manager Job Openings in Ashburn, Virginia

Sr VP of Business Banking

Think Bank - Rochester, MN

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Banking Center Manager III

Academy Bank, N.A. - Raymore, MO

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Commercial Driver

Lakeshore Recycling Systems, LLC - Monona, WI

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Bilingual Customer Service Loan Specialist

Sun Loan Company - Clovis, NM

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What skills does a Banking & Commercial Loan Workout Manager 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.

Portfolio Management: Portfolio management is the selection, prioritisation and control of an organisation's programmes and projects. The goal is to balance the implementation of change initiatives and the maintenance of business-as-usual, while optimising ROI.

3.

Support Services: Support Services means those activities provided to or on behalf of a person in the areas of personal care and assistance and property maintenance in order to allow a person to live in the least restrictive environment.

See More Skills
Analysis 6.67%
Portfolio Management 6.67%
Support Services 6.67%
Others 79.99%
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Banking & Commercial Loan Workout Manager 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 Portfolio Management, you can get a 7% salary raise. If you are good at Problem Solving, your salary will increase by 6%. If you are expert in Leadership, your salary will rise by 5%.
Skill Salary Demand
Portfolio Management
 $186,847
7%
Problem Solving
 $185,100
6%
Leadership
 $183,354
5%
Commercial Banking
 $178,116
2%
Commercial Banking
 $178,116
2%
Commercial Banking
 $178,116
2%
Get Latest Data
Last Updated on August 27, 2024

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Job Description for Banking & Commercial Loan Workout Manager

Banking & Commercial Loan Workout Manager manages a staff of professionals in restructuring problem business banking and commercial loans. Develops strategies to assist lenders and borrowers in establishing collateral, equity, or other assets. Being a Banking & Commercial Loan Workout Manager may require a bachelor's degree. Typically reports to a director. The Banking & Commercial Loan Workout Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Banking & Commercial Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Career Path for Banking & Commercial Loan Workout Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Banking & Commercial Loan Workout Manager, the first career path typically progresses to Loan Workout Manager.

Banking & Commercial Loan Workout Manager
Loan Workout Manager
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC PROPERTIES INC
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2023
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Banking & Commercial Loan Workout Manager Pay Difference by Location

Banking & Commercial Loan Workout Manager salary varies from city to city. Compared with national average salary of Banking & Commercial Loan Workout Manager, the highest Banking & Commercial Loan Workout Manager salary is in San Francisco, CA, where the Banking & Commercial Loan Workout Manager salary is 25.0% above. The lowest Banking & Commercial Loan Workout Manager salary is in Miami, FL, where the Banking & Commercial Loan Workout Manager salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

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Understand the total compensation opportunity for a Banking & Commercial Loan Workout Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
149607
201817
174623

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
169702
243869
198841
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Banking & Commercial Loan Workout Manager in the United States. The base salary for Banking & Commercial Loan Workout Manager ranges from $149,607 to $201,817 with the average base salary of $174,623. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $169,702 to $243,869 with the average total cash compensation of $198,841.
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149607
201817

 

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Skills associated with Banking & Commercial Loan Workout Manager: Debt Restructuring, Negotiation, Loan Software, Loss Mitigation ...More

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Banking & Commercial Loan Workout Manager Salary in United States
Banking & Commercial Loan Workout Manager Salary Graph, Regional Distribution and Summary