Banking & Commercial Loan Workout Manager Salary in Woodridge, New York

Banking & Commercial Loan Workout Manager Salary in Woodridge, NY

How much does a Banking & Commercial Loan Workout Manager make in Woodridge, NY? The average Banking & Commercial Loan Workout Manager salary in Woodridge, NY is $184,921 as of May 28, 2024, but the range typically falls between $158,429 and $213,722. 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 $134,310 Woodridge,NY May 28, 2024
25th Percentile Banking & Commercial Loan Workout Manager Salary $158,429 Woodridge,NY May 28, 2024
50th Percentile Banking & Commercial Loan Workout Manager Salary $184,921 Woodridge,NY May 28, 2024
75th Percentile Banking & Commercial Loan Workout Manager Salary $213,722 Woodridge,NY May 28, 2024
90th Percentile Banking & Commercial Loan Workout Manager Salary $239,944 Woodridge,NY May 28, 2024
25% $158,429 10% $134,310 90% $239,944 75% $213,722 $184,921 50%(Median) Didn’t find job title? Click
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Check out Banking & Commercial Loan Workout Manager Job Openings in Woodridge, New York

Workout Officer - Commercial & Industrial - Remote

Santander Holdings USA Inc - Mckownville, NY

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Commercial Loan Officer/Relationship Manager

Walden Savings Bank - Montgomery, NY

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Risk Manager, Commercial Loan Asset Management

Arbor Realty Trust - Tonawanda, NY

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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 Should I Pay?

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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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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 Woodridge, NY
  • Santander Holdings USA Inc - Mckownville, NY
    Workout Officer Country: United States of America The Workout Officer (AVP, Sr. Associate, Workout) leverages their subject matter expertise for collection...
    - 1 Day Ago
  • Walden Savings Bank - Montgomery, NY
    Walden Savings Bank is looking for just the right person who has proven success at creating and maintaining close relationships with customers and prospect...
    - Just Posted
  • ELS - Rochester, NY
    Hours. 40. Schedule. This position is hybrid and remote eligible for up to 40% of the time. The office location for this position is at ESL Corporate Headq...
    - Just Posted
  • Arbor Realty Trust - Tonawanda, NY
    The Risk Manager will manage the assets within a portfolio of performing multifamily loans within the Arbor Private Label, Arbor Private Investment, and/or...
    - 4 Days Ago
  • KeyCorp - Buffalo, NY
    Loan Workout Portfolio Manager - Asset Recovery Group page is loaded. Loan Workout Portfolio Manager - Asset Recovery Group. Apply locations Buffalo, NY Re...
    - 2 Days Ago

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 2022
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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

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

 
 
 
158429
213722
184921

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
179708
258254
210566
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 Woodridge, NY. The base salary for Banking & Commercial Loan Workout Manager ranges from $158,429 to $213,722 with the average base salary of $184,921. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $179,708 to $258,254 with the average total cash compensation of $210,566.
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For a real-time salary target, tell us more about your role in the four categories below.

158429
213722

 

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About Woodridge, New York    Woodridge is a village in Sullivan County, New York, United States. The population was 847 at the 2010 census. The Village of Woodridge is in the Town....More

Woodridge, New York  area prices were up 1.5% from a year ago    View the Cost of Living in Woodridge, New York

Banking & Commercial Loan Workout Manager Salary in popular cities: New York, Buffalo, Rochester

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