1. What is the average salary of a Commercial Loan Workout Officer I?
The average annual salary of Commercial Loan Workout Officer I is $68,349.
In case you are finding an easy salary calculator,
the average hourly pay of Commercial Loan Workout Officer I is $33;
the average weekly pay of Commercial Loan Workout Officer I is $1,314;
the average monthly pay of Commercial Loan Workout Officer I is $5,696.
2. Where can a Commercial Loan Workout Officer I earn the most?
A Commercial Loan Workout Officer I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Commercial Loan Workout Officer I earns the most in San Jose, CA, where the annual salary of a Commercial Loan Workout Officer I is $85,778.
3. What is the highest pay for Commercial Loan Workout Officer I?
The highest pay for Commercial Loan Workout Officer I is $88,626.
4. What is the lowest pay for Commercial Loan Workout Officer I?
The lowest pay for Commercial Loan Workout Officer I is $58,129.
5. What are the responsibilities of Commercial Loan Workout Officer I?
Commercial Loan Workout Officer I restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Officer I works with small to moderate size loans of little complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer I typically reports to a supervisor or manager. The Commercial Loan Workout Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Commercial Loan Workout Officer I typically requires 0-2 years of related experience.
6. What are the skills of Commercial Loan Workout Officer I
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
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Digital Transformation: The process of creating new or modifying existing non-digital business processes and services using digital technologies to meet the evolving market and customer needs.
