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 $159,209 as of April 27, 2021, but the range typically falls between $136,383 and $184,022. 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. 

Salary Salary + Bonus Benefits How To Become
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25% $136,383 10% $115,602 90% $206,613 75% $184,022 $159,209 50%(Median)

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Check out Banking & Commercial Loan Workout Manager jobs in Virginia

Loan Officer - Leads Provided

Mutual of Omaha Mortgage - Alexandria, VA

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Regional Lending Specialist

National Credit Union Administration - Alexandria, VA

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Director of Loan Operations and Commercial Loan Workflow Systems

American National Bank & Trust Company - Danville, VA

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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 to establish collateral, equity, or other assets. Being a Banking & Commercial Loan Workout Manager may require a bachelor's degree. 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 2021 Salary.com)... View full job description

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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 2019
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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
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

Core compensation

 
 
 
136383
184022
159209

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
154673
222333
181248
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 $136,383 to $184,022 with the average base salary of $159,209. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $154,673 to $222,333 with the average total cash compensation of $181,248.
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136383
184022

 

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

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