How much does a Commercial Loan Workout Officer II make in Elkhart, IN? The average Commercial Loan Workout Officer II salary in Elkhart, IN is $86,591 as of February 26, 2024, but the range typically falls between $75,092 and $102,508. 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. 

Commercial Loan Workout Officer II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Workout Officer II Salary $64,623 Elkhart,IN February 26, 2024
25th Percentile Commercial Loan Workout Officer II Salary $75,092 Elkhart,IN February 26, 2024
50th Percentile Commercial Loan Workout Officer II Salary $86,591 Elkhart,IN February 26, 2024
75th Percentile Commercial Loan Workout Officer II Salary $102,508 Elkhart,IN February 26, 2024
90th Percentile Commercial Loan Workout Officer II Salary $117,001 Elkhart,IN February 26, 2024
25% $75,092 10% $64,623 90% $117,001 75% $102,508 $86,591 50%(Median) Didn’t find job title? Click
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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.

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 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)... View full job description

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Job Openings for Commercial Loan Workout Officer II in Elkhart, IN

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
Fiscal Year Ended in 2022
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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 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

Core compensation

 
 
 
75092
102508
86591

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
80883
121481
98299
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 Elkhart, IN. The base salary for Commercial Loan Workout Officer II ranges from $75,092 to $102,508 with the average base salary of $86,591. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $80,883 to $121,481 with the average total cash compensation of $98,299.
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75092
102508

 

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About Elkhart, Indiana    Elkhart /ˈɛlkɑːrt/ is a city in Elkhart County, Indiana, United States. The city is located 15 miles (24 km) east of South Bend, Indiana, 110 miles (1....More

Elkhart, Indiana  area prices were up 1.3% from a year ago    View the Cost of Living in Elkhart, Indiana

Commercial Loan Workout Officer II Salary in popular cities: IndianapolisFort WayneEvansville

Skills associated with Commercial Loan Workout Officer II: Debt Restructuring, Negotiation, Loan Software, Loss Mitigation ...More

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