Commercial Loan Workout Officer I Salary in the United States

Commercial Loan Workout Officer I Salary

How much does a Commercial Loan Workout Officer I make in the United States? The average Commercial Loan Workout Officer I salary in the United States is $61,876 as of May 27, 2021, but the range typically falls between $57,030 and $71,483. 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
Based on HR-reported data: a national average with a geographic differential
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25% $57,030 10% $52,619 90% $80,231 75% $71,483 $61,876 50%(Median)

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Check out Commercial Loan Workout Officer jobs in Virginia

Credit Underwriter I/II

Bank of America - 20598, VA

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Commercial Portfolio Manager/Underwriter

TriSource Staffing Solutions - Alexandria, VA

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Business Development Officer, Renewable Energy

National Cooperative Bank - Arlington, VA

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Loan Processor I

Parsons - Centreville, VA

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Job Description for 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. (Copyright 2021 Salary.com)... View full job description

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Job Openings for Commercial Loan Workout Officer I
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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Commercial Loan Workout Officer I 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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Understand the total compensation opportunity for a Commercial Loan Workout Officer I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
57030
71483
61876

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
60061
77919
66701
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Workout Officer I in the United States. The base salary for Commercial Loan Workout Officer I ranges from $57,030 to $71,483 with the average base salary of $61,876. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $60,061 to $77,919 with the average total cash compensation of $66,701.
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57030
71483

 

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Skills associated with Commercial Loan Workout Officer I: Loss Mitigation, Loan Software, Banking Software, Debt Restructuring ...More

Salary estimation for Commercial Loan Workout Officer I at companies like : FS Bancorp, Inc., HIGHLANDS BANKSHARES INC /VA/, LTC PROPERTIES INC

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