Commercial Loan Workout Officer I Salary in Providence, Rhode Island
Commercial Loan Workout Officer I Salary in Providence, RI
How much does a Commercial Loan Workout Officer I make in Providence, RI? The average Commercial Loan Workout Officer I salary in Providence, RI is $70,414 as of March 26, 2024, but the range typically falls between $64,904 and $81,344. 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.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Commercial Loan Workout Officer I Salary | $59,888 | Providence,RI | March 26, 2024 |
| 25th Percentile Commercial Loan Workout Officer I Salary | $64,904 | Providence,RI | March 26, 2024 |
| 50th Percentile Commercial Loan Workout Officer I Salary | $70,414 | Providence,RI | March 26, 2024 |
| 75th Percentile Commercial Loan Workout Officer I Salary | $81,344 | Providence,RI | March 26, 2024 |
| 90th Percentile Commercial Loan Workout Officer I Salary | $91,296 | Providence,RI | March 26, 2024 |
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What skills does a Commercial Loan Workout Officer I need?
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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.
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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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.
What does a Commercial Loan Workout Officer I do?
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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.
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About Providence, Rhode Island
Similar Jobs to Commercial Loan Workout Officer I
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
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| Job Title Banking & Commercial Loan Workout Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Review Officer I | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Level of Education for Commercial Loan Workout Officer I
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About Providence, Rhode Island The Providence city limits enclose a small geographical region with a total area of 20.5 square miles (53 km2); 18.5 square miles (48 km2) of it is la....More
Providence, Rhode Island area prices were up 1.6% from a year ago View the Cost of Living in Providence, Rhode Island
Commercial Loan Workout Officer I Salary in popular cities: Warwick, Cranston, Pawtucket
Skills associated with Commercial Loan Workout Officer I: Debt Restructuring, Loss Mitigation, Loan Software, Negotiation ...More
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