1. What is the average salary of a Commercial Loan Workout Officer IV?
The average annual salary of Commercial Loan Workout Officer IV is $152,025.
In case you are finding an easy salary calculator,
the average hourly pay of Commercial Loan Workout Officer IV is $73;
the average weekly pay of Commercial Loan Workout Officer IV is $2,924;
the average monthly pay of Commercial Loan Workout Officer IV is $12,669.
2. Where can a Commercial Loan Workout Officer IV earn the most?
A Commercial Loan Workout Officer IV'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 IV earns the most in San Jose, CA, where the annual salary of a Commercial Loan Workout Officer IV is $190,792.
3. What is the highest pay for Commercial Loan Workout Officer IV?
The highest pay for Commercial Loan Workout Officer IV is $189,618.
4. What is the lowest pay for Commercial Loan Workout Officer IV?
The lowest pay for Commercial Loan Workout Officer IV is $119,261.
5. What are the responsibilities of 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.
6. What are the skills of Commercial Loan Workout Officer IV
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.