How much does a Commercial Loan Workout Officer IV make in the United States? The average Commercial Loan Workout Officer IV salary in the United States is $140,256 as of April 26, 2022, but the range typically falls between $124,450 and $158,403. 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.
Job Description for Commercial Loan Workout Officer IV
Commercial Loan Workout Officer IV 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 IV works with the largest and most complex loans. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer IV typically reports to a manager or head of a unit/department. Commercial Loan Workout Officer IV is a specialist on complex technical and business matters. Work is highly independent. May assume a team lead role for the work group. To be a Commercial Loan Workout Officer IV typically requires 7+ years of related experience. (Copyright 2022 Salary.com)... View full job description
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
LTC PROPERTIES INC
Fiscal Year Ended in 2020
What does a Commercial Loan Workout Officer IV do?
Commercial Loan Workout Officer IV in Rochester, MN
The job is not a management position but works directly under the commercial loan manager.
Commercial Loan Workout Officer IV Salary by State
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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 IV in the United States. The base salary for Commercial Loan Workout Officer IV ranges from $124,450 to $158,403 with the average base salary of $140,256. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $150,796 to $227,817 with the average total cash compensation of $191,274.