How much does a Commercial Loan Workout Officer II make in Washington Navy Yard, DC? The average Commercial Loan Workout Officer II salary in Washington Navy Yard, DC is $101,293 as of March 26, 2024, but the range typically falls between $87,842 and $119,914. 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 II Salary | $75,595 | Washington Navy Yard,DC | March 26, 2024 |
25th Percentile Commercial Loan Workout Officer II Salary | $87,842 | Washington Navy Yard,DC | March 26, 2024 |
50th Percentile Commercial Loan Workout Officer II Salary | $101,293 | Washington Navy Yard,DC | March 26, 2024 |
75th Percentile Commercial Loan Workout Officer II Salary | $119,914 | Washington Navy Yard,DC | March 26, 2024 |
90th Percentile Commercial Loan Workout Officer II Salary | $136,868 | Washington Navy Yard,DC | March 26, 2024 |
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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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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.
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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 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Banking & Commercial Loan Workout Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Review Officer II | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Workout Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Workout Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Commercial Loan Workout Officer II salary of your education level.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Commercial Loan Workout Officer II salary varies from category to category. Click below to see Commercial Loan Workout Officer II salary in different categories.
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About Washington Navy Yard, District of Columbia The Washington Navy Yard (WNY) is the former shipyard and ordnance plant of the United States Navy in Southeast Washington, D.C. It is the oldest shor....More
Washington Navy Yard, District of Columbia area prices were up 1.3% from a year ago View the Cost of Living in Washington Navy Yard, District of Columbia
Commercial Loan Workout Officer II Salary in popular cities: Washington
Skills associated with Commercial Loan Workout Officer II: Negotiation, Loss Mitigation, Loan Software, Debt Restructuring ...More
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