Banking & Commercial Loan Workout Manager Salary in the United States

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 $154,036 as of September 26, 2019, but the range typically falls between $131,939 and $178,038. 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.  View the Cost of Living in Major Cities

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

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Salary estimation for Banking & Commercial Loan Workout Manager at companies like : FS BANCORP INC, HIGHLANDS BANKSHARES INC /VA/, LTC PROPERTIES INC

Job Description

Banking & Commercial Loan Workout Manager manages a staff of professionals in restructuring problem business banking and commercial loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. May require a bachelor's degree. Being a Banking & Commercial Loan Workout Manager typically reports to top management. 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. Extensive knowledge of department processes. To be a Banking & Commercial Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2019 Salary.com)

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Average Base Salary

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131939
178038
154036

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
149625
215104
175351
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 $131,939 to $178,038 with the average base salary of $154,036. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $149,625 to $215,104 with the average total cash compensation of $175,351.
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131939
178038

 

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Career Path for Banking & Commercial Loan Workout Manager

Banking & Commercial Loan Workout Manager
Loan Workout Manager
Those that have already made the climb...
Pamela J. Shelley-Kessler , Executive Vice 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 holds more than 200 investments in 28 states with 29 operating... More
Fiscal Year Ended in 2018
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Banking & Commercial Loan Workout Manager Pay Difference by Location

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.3%
City, State Washington, DC Compared to national average
+ 10.7%
City, State Miami, FL Compared to national average
-2.7%
City, State Chicago, IL Compared to national average
+ 6.0%
City, State Boston, MA Compared to national average
+ 12.9%
City, State New York, NY Compared to national average
+ 21.0%
City, State Dallas, TX Compared to national average
-1.0%