How much does a Commercial Loan Workout Officer II make in Brockton, MA? The average Commercial Loan Workout Officer II salary in Brockton, MA is $89,331 as of June 28, 2020, but the range typically falls between $77,454 and $105,746. 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.
Job Description for Commercial Loan Workout Officer II
Commercial Loan Workout Officer II 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 II works with loans of moderate size and complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer II typically reports to a manager or head of a unit/department. The Commercial Loan Workout Officer II gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Commercial Loan Workout Officer II typically requires 2 to 4 years of related experience. (Copyright 2020 Salary.com)... View full job description
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
LTC PROPERTIES INC
Fiscal Year Ended in 2018
What does a Commercial Loan Workout Officer II do?
Commercial Loan Workout Officer II in Birmingham, AL
Provides recommendations to executive management relative to structuring and reviewing credits to reduce fundamental weaknesses in companyÆs credit/loan policies.
February 04, 2020
Works closely with loan recovery, legal, and other departments to maximize the recovery of such funds.
February 08, 2020
Develops, plans, and implements practices and procedures to minimize loan charge-offs from adversely-graded loans and to return such credits to performing status.
According to the United States Census Bureau, the city has a total area of 21.6 square miles (56 km2), of which 21.5 square miles (56 km2) is land and 0.1 square miles (0.26 km2) (0.56%) is water. Brockton is the 162nd largest city by land area in the Commonwealth, and the twelfth largest of the twenty-seven towns in Plymouth County. Brockton is bordered by Stoughton to the northwest, Avon to the north, Holbrook to the northeast, Abington to the northeast, Whitman and East Bridgewater to the southeast, West Bridgewater to the south, and Easton to the west. Brockton is approximately 25 miles s...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
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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 II in Brockton, MA. The base salary for Commercial Loan Workout Officer II ranges from $77,454 to $105,746 with the average base salary of $89,331. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $83,420 to $125,348 with the average total cash compensation of $101,406.