How much does a Banking & Commercial Loan Workout Manager make in Bangor, ME? The average Banking & Commercial Loan Workout Manager salary in Bangor, ME is $157,497 as of February 26, 2024, but the range typically falls between $134,934 and $182,032. 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. 

Banking & Commercial Loan Workout Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Banking & Commercial Loan Workout Manager Salary $114,392 Bangor,ME February 26, 2024
25th Percentile Banking & Commercial Loan Workout Manager Salary $134,934 Bangor,ME February 26, 2024
50th Percentile Banking & Commercial Loan Workout Manager Salary $157,497 Bangor,ME February 26, 2024
75th Percentile Banking & Commercial Loan Workout Manager Salary $182,032 Bangor,ME February 26, 2024
90th Percentile Banking & Commercial Loan Workout Manager Salary $204,369 Bangor,ME February 26, 2024
25% $134,934 10% $114,392 90% $204,369 75% $182,032 $157,497 50%(Median) Didn’t find job title? Click
Change Search Criteria

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.

Analysis 6.67%
Portfolio Management 6.67%
Support Services 6.67%
Others 79.99%

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

Employers: Job Description Management Tool

See user submitted job responsibilities for Banking & Commercial Loan Workout Manager.

Salary.com job board provides millions of Banking & Commercial Loan Workout Manager information for you to search for. Click on search button below to see Banking & Commercial Loan Workout Manager job openings or enter a new job title here.

Job Openings for Banking & Commercial Loan Workout Manager in Bangor, ME

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.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
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 2022
Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

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 2.9% 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
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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

Step 1 of 3

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

Average Base Salary

Core compensation

 
 
 
134934
182032
157497

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
153052
219953
179335
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 Bangor, ME. The base salary for Banking & Commercial Loan Workout Manager ranges from $134,934 to $182,032 with the average base salary of $157,497. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $153,052 to $219,953 with the average total cash compensation of $179,335.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

134934
182032

 

Step 3 of 3

How much should you be paid?

About Bangor, Maine    Bangor is located at 44°48′N 68°48′W / 44.8°N 68.8°W / 44.8; -68.8. According to the United States Census Bureau, the city has a total area of 34.5....More

Bangor, Maine  area prices were up 1.6% from a year ago    View the Cost of Living in Bangor, Maine

Banking & Commercial Loan Workout Manager Salary in popular cities: PortlandLewistonSouth Portland

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

Jobs with a similar salary range to Banking & Commercial Loan Workout Manager : Commercial Banking Manager

Salary estimation for Banking & Commercial Loan Workout Manager at companies like : Chatham County Public Works, Cozy Living Furniture Inc, Fixindia