How much does a Commercial Loan Workout Officer I make in Eliot, ME? The average Commercial Loan Workout Officer I salary in Eliot, ME is $70,605 as of September 01, 2024, but the range typically falls between $65,083 and $81,569. 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.
What skills does a Commercial Loan Workout Officer I 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.
Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
3.
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.
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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 2024 Salary.com)...
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Job Openings for Commercial Loan Workout Officer I
in Eliot, ME
About the team. Zillow Home Loans is on the front lines of radically redefining how consumers buy, sell, and finance homes. We seek to transform the consum...
About the team. Zillow Home Loans is on the front lines of radically redefining how consumers buy, sell, and finance homes. We seek to transform the consum...
About the team. Zillow Home Loans is on the front lines of radically redefining how consumers buy, sell, and finance homes. We seek to transform the consum...
About the team. Zillow Home Loans is on the front lines of radically redefining how consumers buy, sell, and finance homes. We seek to transform the consum...
We're currently seeking dedicated and skilled. Journeyman Plumbers. for various opportunities in the Nashville, TN area. As a Journeyman Plumber, you'll be...
- 3 Days Ago
Career Path for Commercial Loan Workout Officer I
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 Commercial Loan Workout Officer I, the first career path typically starts with a Commercial Loan Workout Officer II position, and then progresses to Commercial Loan Workout Officer IV.
Additionally, the second career path typically starts with a Loan Workout Officer II position, and then progresses to Banking & Commercial 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
LTC PROPERTIES INC
Company Description
Fiscal Year Ended in 2023
What does a Commercial Loan Workout Officer I do?
Commercial Loan Workout Officer I in Lorain, OH
Acts as the primary servicing officer for a problem loan and deposit portfolio. Meets with problem loan customers on a regular basis, monitors financial performance, establishes action plans to correct problem issues, monitors collateral value and condition and provides continuous diligence to mitigate loss exposure to the bank.
January 23, 2020
Commercial Loan Workout Officer I in Colorado Springs, CO
Director - Commercial Loan Workout Officer - Special Assets Group.
Commercial Loan Workout Officer I Pay Difference by Location
Commercial Loan Workout Officer I salary varies from city to city.
Compared with national average salary of Commercial Loan Workout Officer I, the highest Commercial Loan Workout Officer I salary is in San Francisco, CA, where the Commercial Loan Workout Officer I salary is 25.0% above.
The lowest Commercial Loan Workout Officer I salary is in Miami, FL, where the Commercial Loan Workout Officer I salary is 3.5% lower than national average salary.
Eliot is a town in York County, Maine, United States. Originally settled in 1623, it was formerly a part of Kittery, Maine to its east. After Kittery it is the next most southern town in the state of Maine, lying on the Piscataqua River across from Portsmouth and Newington, New Hampshire. The population was 6,204 at the 2010 census. It is part of the Portland–South Portland–Biddeford, Maine metropolitan statistical area.
Eliot is home to Ambush Rock, Green Acre and the Raitt Homestead Farm Museum.
According to the United States Census Bureau, the town has a total area of 21.32 square miles (...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Browse Related Job Categories With Commercial Loan Workout Officer I
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Take just three simple steps below to generate your own personalized salary report
Step 1 of 3
Understand the total compensation opportunity for a Commercial Loan Workout Officer I, base salary plus other pay elements
Average Base Salary
Core compensation
 
 
 
65083
81569
70605
Average Total Cash Compensation
Includes base and annual incentives
 
 
 
68541
88921
76115
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 Eliot, ME. The base salary for Commercial Loan Workout Officer I ranges from $65,083 to $81,569 with the average base salary of $70,605. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $68,541 to $88,921 with the average total cash compensation of $76,115.
About Eliot, Maine Eliot is a town in York County, Maine, United States. Originally settled in 1623, it was formerly a part of Kittery, Maine to its east. After Kittery....More