How much does a Commercial Loan Workout Officer II make in Eliot, ME? The average Commercial Loan Workout Officer II salary in Eliot, ME is $95,710 as of September 01, 2024, but the range typically falls between $83,000 and $113,305. 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.
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What skills does a Commercial Loan Workout Officer II 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.
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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 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 2024 Salary.com)...
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Job Openings for Commercial Loan Workout Officer II
in Eliot, ME
Valley is a family-owned business since 1957. We value our people and understand that they are the backbone of our reputation in the community. We look for...
Job Description. Position Overview. At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united...
Job Description. Position Overview. At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united...
Job Description. Position Overview. At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united...
Job Description. Job Profile. Position Overview. At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We a...
- 4 Days Ago
Career Path for Commercial Loan Workout Officer II
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 II, the first career path typically starts with a Commercial Loan Workout Officer III position, and then progresses to Commercial Loan Workout Officer IV.
Additionally, the second career path typically starts with a Loan Workout Officer III 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 II do?
Commercial Loan Workout Officer II in Newark, NJ
However, the primary difference is that the workout officer restructures loans for clients, helping borrowers to secure better deals for assets and collateral.
December 13, 2019
Commercial Loan Workout Officer II in Amarillo, TX
A commercial loan workout officer operates in a similar capacity to a traditional loan officer, specializing in business loans.
Commercial Loan Workout Officer II Pay Difference by Location
Commercial Loan Workout Officer II salary varies from city to city.
Compared with national average salary of Commercial Loan Workout Officer II, the highest Commercial Loan Workout Officer II salary is in San Francisco, CA, where the Commercial Loan Workout Officer II salary is 25.0% above.
The lowest Commercial Loan Workout Officer II salary is in Miami, FL, where the Commercial Loan Workout Officer II 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
Similar Jobs to Commercial Loan Workout Officer II
Browse Related Job Categories With Commercial Loan Workout Officer II
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Take just three simple steps below to generate your own personalized salary report
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Understand the total compensation opportunity for a Commercial Loan Workout Officer II, base salary plus other pay elements
Average Base Salary
Core compensation
 
 
 
83000
113305
95710
Average Total Cash Compensation
Includes base and annual incentives
 
 
 
89404
134273
108650
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 Eliot, ME. The base salary for Commercial Loan Workout Officer II ranges from $83,000 to $113,305 with the average base salary of $95,710. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $89,404 to $134,273 with the average total cash compensation of $108,650.
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