Commercial Loan Workout Officer I Salary in Washington, District of Columbia

How much does a Commercial Loan Workout Officer I make in Washington, DC? The average Commercial Loan Workout Officer I salary in Washington, DC is $66,105 as of September 26, 2019, but the range typically falls between $60,933 and $76,366. 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. 

About Washington, District of Columbia    Washington, D.C. is located in the mid-Atlantic region of the U.S. East Coast. Due to the District of Columbia retrocession, the city has a total area....More

Washington, District of Columbia  area prices were up 1.3% from a year ago    View the Cost of Living in Washington, District of Columbia

Skills Associated with Commercial Loan Workout Officer I: Banking Software, Negotiation, Loss Mitigation, Loan Software ...More

Popular jobs: Physical Therapist, Actuary I, Aerospace Engineer I

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

Jobs with a similar salary range to Commercial Loan Workout Officer I : QA Supervisor

Job Description

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 2019 Salary.com)

See user submitted job responsibilities for Commercial Loan Workout Officer I.

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Average Base Salary

Core compensation

 
 
 
60933
76366
66105

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
64169
83251
71262
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 Washington, DC. The base salary for Commercial Loan Workout Officer I ranges from $60,933 to $76,366 with the average base salary of $66,105. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $64,169 to $83,251 with the average total cash compensation of $71,262.
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60933
76366

 

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Job Openings for Commercial Loan Workout Officer I in Washington, DC
Those that have already made the climb...
Pamela J. Shelley-Kessler , Executive Vice 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 holds more than 200 investments in 28 states with 29 operating... More
Fiscal Year Ended in 2018
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City, State Compared to national average
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+ 25.3%
City, State Washington, DC Compared to national average
+ 10.7%
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-2.7%
City, State Chicago, IL Compared to national average
+ 6.0%
City, State Boston, MA Compared to national average
+ 12.9%
City, State New York, NY Compared to national average
+ 21.0%
City, State Dallas, TX Compared to national average
-1.0%