How much does a Commercial Loan Workout Officer III make in Cheyenne, WY? The average Commercial Loan Workout Officer III salary in Cheyenne, WY is $112,542 as of February 26, 2024, but the range typically falls between $96,781 and $129,860. 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 III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Workout Officer III Salary $82,431 Cheyenne,WY February 26, 2024
25th Percentile Commercial Loan Workout Officer III Salary $96,781 Cheyenne,WY February 26, 2024
50th Percentile Commercial Loan Workout Officer III Salary $112,542 Cheyenne,WY February 26, 2024
75th Percentile Commercial Loan Workout Officer III Salary $129,860 Cheyenne,WY February 26, 2024
90th Percentile Commercial Loan Workout Officer III Salary $145,627 Cheyenne,WY February 26, 2024
25% $96,781 10% $82,431 90% $145,627 75% $129,860 $112,542 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Loan Workout Officer III 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 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 2024 Salary.com)... View full job description

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Job Openings for Commercial Loan Workout Officer III in Cheyenne, WY

Career Path for Commercial Loan Workout Officer III

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 III, the first career path typically progresses to Commercial Loan Workout Officer IV.

Additionally, the second career path typically starts with a Banking & Commercial Loan Workout Manager position, and then progresses to 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 III salary varies from city to city. Compared with national average salary of Commercial Loan Workout Officer III, the highest Commercial Loan Workout Officer III salary is in San Francisco, CA, where the Commercial Loan Workout Officer III salary is 25.0% above. The lowest Commercial Loan Workout Officer III salary is in Miami, FL, where the Commercial Loan Workout Officer III 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

 
 
 
96781
129860
112542

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
105153
154172
130981
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 Cheyenne, WY. The base salary for Commercial Loan Workout Officer III ranges from $96,781 to $129,860 with the average base salary of $112,542. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $105,153 to $154,172 with the average total cash compensation of $130,981.
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96781
129860

 

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About Cheyenne, Wyoming    Cheyenne (/ʃaɪˈæn/ shy-AN or /ʃaɪˈɛn/) is the capital and most populous city of the U.S. state of Wyoming and the county seat of Laramie County. It is....More

Cheyenne, Wyoming  area prices were up 2.3% from a year ago    View the Cost of Living in Cheyenne, Wyoming

Commercial Loan Workout Officer III Salary in popular cities: CasperLaramieGillette

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

Salary estimation for Commercial Loan Workout Officer III at companies like : Mi Brickman Group LLC, Millennium Home Health Inc, Dynefco Industries Inc