As of March 01, 2025, the average annual salary for a Commercial Loan Workout Officer III in the United States is $125,705. Salary.com reports that pay typically ranges from $108,093 to $145,047, with most professionals earning between $92,057 and $162,656.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $145,047 | $12,087 | $2,789 | $70 |
| Average | $125,705 | $10,475 | $2,417 | $60 |
| 25th Percentile | $108,093 | $9,008 | $2,079 | $52 |
An entry-level Commercial Loan Workout Officer III with less than 1 year of experience earns about $116,531. With 1-2 years of experience, the average salary increases to $117,831. For 2-4 years of experience, the pay typically rises to $120,430. Senior-level professionals with 5-8 years of experience earn around $130,040, and those with over 8 years of experience can expect an average of $135,179.
| Levels | Salary |
|---|---|
| Entry Level Commercial Loan Workout Officer III | $116,531 |
| Intermediate Level Commercial Loan Workout Officer III | $117,831 |
| Senior Level Commercial Loan Workout Officer III | $120,430 |
| Specialist Level Commercial Loan Workout Officer III | $130,040 |
| Expert Level Commercial Loan Workout Officer III | $135,179 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 4% |
| Top Level | 3% |
| Experienced | 8% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Commercial Loan Workout Officer III compensation over the past six years. For example, the median salary increased from $91,278 in 2023 to approximately $91,476 in 2024. (For a detailed analysis of Commercial Loan Workout Officer III salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Commercial Loan Workout Officer III information for you to search for. Click on search button below to see Commercial Loan Workout Officer III job openings or enter a new job title here.
Here are companies hiring for Commercial Loan Workout Officer III and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $125,705 | 64.0% | ||
| Bonus | $20,592 | 10.5% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $11,192 | 5.7% | ||
| 401K/403B | $4,535 | 2.3% | ||
| Disability | $1,317 | 0.7% | ||
| Healthcare | $5,345 | 2.7% | ||
| Pension | $7,900 | 4.0% | ||
| Time Off | $19,694 | 10.0% | ||
| Total Compensation | $196,280 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| Bachelors | 50.0% |
| Masters | 30.0% |
| Doctorate | 20.0% |
What Am I Worth?
The average annual salary of Commercial Loan Workout Officer III is $125,705. In case you are finding an easy salary calculator, the average hourly pay of Commercial Loan Workout Officer III is $60; the average weekly pay of Commercial Loan Workout Officer III is $2,417; the average monthly pay of Commercial Loan Workout Officer III is $10,475.
A Commercial Loan Workout Officer III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Commercial Loan Workout Officer III earns the most in San Jose, CA, where the annual salary of a Commercial Loan Workout Officer III is $157,760.
The highest pay for Commercial Loan Workout Officer III is $162,656.
The lowest pay for Commercial Loan Workout Officer III is $92,057.
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.
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Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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