Banking & Commercial Loan Workout Manager Salary in New Jersey

How much does a Banking & Commercial Loan Workout Manager make in New Jersey? The average Banking & Commercial Loan Workout Manager salary in New Jersey is $170,606 as of October 30, 2019, but the range typically falls between $146,133 and $197,191. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Salary range for a Banking & Commercial Loan Workout Manager
$146,133 to $197,191
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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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Location Avg. Salary Date Updated
Location Bayonne, NJ Avg. Salary $176,223 Date Updated October 30, 2019
Location Bergenfield, NJ Avg. Salary $177,766 Date Updated October 30, 2019
Location Bloomfield, NJ Avg. Salary $177,920 Date Updated October 30, 2019
Location East Brunswick, NJ Avg. Salary $178,784 Date Updated October 30, 2019
Location Hoboken, NJ Avg. Salary $186,716 Date Updated October 30, 2019
Location Irvington, NJ Avg. Salary $176,223 Date Updated October 30, 2019
Location Lakewood, NJ Avg. Salary $175,755 Date Updated October 30, 2019
Location Middlesex, NJ Avg. Salary $173,136 Date Updated October 30, 2019
Location Passaic, NJ Avg. Salary $177,920 Date Updated October 30, 2019
Location Union, NJ Avg. Salary $176,223 Date Updated October 30, 2019
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