How much does a Commercial Loan Workout Officer I make in New York? The average Commercial Loan Workout Officer I salary in New York is $71,476 as of February 26, 2024, but the range typically falls between $65,887 and $82,578. 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.

Commercial Loan Workout Officer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Workout Officer I Salary $60,798 NY February 26, 2024
25th Percentile Commercial Loan Workout Officer I Salary $65,887 NY February 26, 2024
50th Percentile Commercial Loan Workout Officer I Salary $71,476 NY February 26, 2024
75th Percentile Commercial Loan Workout Officer I Salary $82,578 NY February 26, 2024
90th Percentile Commercial Loan Workout Officer I Salary $92,686 NY February 26, 2024
25% $65,887 10% $60,798 90% $92,686 75% $82,578 $71,476 50%(Median) Didn’t find job title? Click
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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.

Analysis 8.89%
Economics 2.22%
Digital Transformation 1.11%
Others 87.78%

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)... View full job description

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Job Openings for Commercial Loan Workout Officer I in New York

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Location Avg. Salary Date Updated
Location Brentwood, NY Avg. Salary $73,500 Date Updated February 26, 2024
Location Clay, NY Avg. Salary $66,616 Date Updated February 26, 2024
Location Henrietta, NY Avg. Salary $66,030 Date Updated February 26, 2024
Location Huntington, NY Avg. Salary $76,513 Date Updated February 26, 2024
Location Levittown, NY Avg. Salary $73,633 Date Updated February 26, 2024
Location Nassau, NY Avg. Salary $73,633 Date Updated February 26, 2024
Location New Suffolk, NY Avg. Salary $72,625 Date Updated February 26, 2024
Location Accord, NY Avg. Salary $71,961 Date Updated February 26, 2024
Location Acra, NY Avg. Salary $68,033 Date Updated February 26, 2024
Location Adams, NY Avg. Salary $66,281 Date Updated February 26, 2024

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.

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Commercial Loan Workout Officer I Salary in New York
Commercial Loan Workout Officer I Salary Graph, Regional Distribution and Summary