How much does a Commercial Loan Workout Officer IV make in Acton, ME? The average Commercial Loan Workout Officer IV salary in Acton, ME is $150,289 as of March 26, 2024, but the range typically falls between $133,344 and $169,747. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Commercial Loan Workout Officer IV Salary | $117,918 | Acton,ME | March 26, 2024 |
25th Percentile Commercial Loan Workout Officer IV Salary | $133,344 | Acton,ME | March 26, 2024 |
50th Percentile Commercial Loan Workout Officer IV Salary | $150,289 | Acton,ME | March 26, 2024 |
75th Percentile Commercial Loan Workout Officer IV Salary | $169,747 | Acton,ME | March 26, 2024 |
90th Percentile Commercial Loan Workout Officer IV Salary | $187,463 | Acton,ME | March 26, 2024 |
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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 2024 Salary.com)... View full job description
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For Commercial Loan Workout Officer IV, the upper level is Banking & Commercial Loan Workout Manager and then progresses to Loan Workout Manager.
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Commercial Loan Workout Officer IV salary varies from city to city. Compared with national average salary of Commercial Loan Workout Officer IV, the highest Commercial Loan Workout Officer IV salary is in San Francisco, CA, where the Commercial Loan Workout Officer IV salary is 25.0% above. The lowest Commercial Loan Workout Officer IV salary is in Miami, FL, where the Commercial Loan Workout Officer IV salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Banking & Commercial Loan Workout Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer V | Experience 10 + | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Review Officer IV | Experience 10 + | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Workout Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Commercial Loan Workout Officer IV salary of your education level.
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About Acton, Maine Acton is a town in York County, Maine, United States. The population was 2,447 at the 2010 census. It includes the villages of Acton, Miller Corner an....More
Acton, Maine area prices were up 1.6% from a year ago View the Cost of Living in Acton, Maine
Commercial Loan Workout Officer IV Salary in popular cities: Portland, Lewiston, Bangor
Skills associated with Commercial Loan Workout Officer IV: Loan Software, Loss Mitigation, Debt Restructuring, Banking Software ...More
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