How much does a Commercial Loan Workout Officer III make in the United States? The average Commercial Loan Workout Officer III salary in the United States is $117,786 as of November 23, 2022, but the range typically falls between $101,293 and $135,912. 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. 

Based on HR-reported data: a national average with a geographic differential
25% $101,293 10% $86,278 90% $152,415 75% $135,912 $117,786 50%(Median)
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Check out Commercial Loan Workout Officer jobs in Virginia

Loan Specialist

RP Pro Services - Ashburn, VA

Mortgage Loan Officer

PNC Financial Services Group - Chantilly, VA

Job Description for Commercial Loan Workout Officer III

Commercial Loan Workout Officer III 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 III works with loans of moderate to large size and complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer III typically reports to a manager or head of a unit/department. The Commercial Loan Workout Officer III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Commercial Loan Workout Officer III typically requires 4 to 7 years of related experience. (Copyright 2022 Salary.com)... View full job description

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Job Openings for Commercial Loan Workout Officer III
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 holds more than 200 investments in 28 states with 29 operating... More
Fiscal Year Ended in 2021
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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
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

Core compensation

 
 
 
101293
135912
117786

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
110055
161372
137093
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 III in the United States. The base salary for Commercial Loan Workout Officer III ranges from $101,293 to $135,912 with the average base salary of $117,786. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $110,055 to $161,372 with the average total cash compensation of $137,093.
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101293
135912

 

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

Salary estimation for Commercial Loan Workout Officer III at companies like : FS Bancorp, Inc., LTC PROPERTIES INC, SILVERCREST ASSET MGT

Jobs with a similar salary range to Commercial Loan Workout Officer III : Oracle Database Architect