How much does a Loan Workout Manager make hourly in the United States? The average hourly wage for a Loan Workout Manager in the United States is $80 as of February 26, 2024, but the range typically falls between $67 and $100. Hourly rate 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. 

Loan Workout Manager Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Loan Workout Manager Salary $56 US February 26, 2024
25th Percentile Loan Workout Manager Salary $67 US February 26, 2024
50th Percentile Loan Workout Manager Salary $80 US February 26, 2024
75th Percentile Loan Workout Manager Salary $100 US February 26, 2024
90th Percentile Loan Workout Manager Salary $118 US February 26, 2024
25% $67 10% $56 90% $118 75% $100 $80 50%(Median) Didn’t find job title? Click
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What skills does a Loan Workout Manager 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.

Accountability: Setting and holding oneself and others to stated expectations by associating tasks with our business's mission, values, and goals.

2.

Bond: Bonds are issued by borrowers to raise money from investors willing to lend them money for a certain amount of time.

3.

Consumer Loans: a consumer loan is any type of loan made to a consumer by a creditor. The loan can be secured (backed by the assets of the borrower) or unsecured (not backed by the assets of the borrower).

Accountability 5.26%
Bond 5.26%
Consumer Loans 5.26%
Others 84.22%

Job Description for Loan Workout Manager

Loan Workout Manager directs and manages a team of professionals in restructuring commercial loans. Works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Being a Loan Workout Manager is responsible for collecting potential loans that are viable. Develops programs and manages strategies to reach performance goals. Additionally, Loan Workout Manager provides guidance and oversight on high complexity or challenging loans. Requires a bachelor's degree. Typically reports to a head of a unit/department. The Loan Workout Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Loan Workout Manager typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Loan Workout Manager
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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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Loan Workout Manager salary varies from city to city. Compared with national average salary of Loan Workout Manager, the highest Loan Workout Manager salary is in San Francisco, CA, where the Loan Workout Manager salary is 25.0% above. The lowest Loan Workout Manager salary is in Miami, FL, where the Loan Workout Manager 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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Understand the total hourly compensation opportunity for a Loan Workout Manager, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
67
100
80

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
70
109
81
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Loan Workout Manager in the United States. The average hourly rate for Loan Workout Manager ranges from $67 to $100 with the average hourly pay of $80. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $70 to $109 with the average total hourly cash compensation of $81.
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67
100

 

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Skills associated with Loan Workout Manager: Debt Restructuring, Loan Software, Loss Mitigation, Banking Software ...More

Jobs with a similar salary range to Loan Workout Manager : Manager, Loan Operations

Salary estimation for Loan Workout Manager at companies like : Hfc Prestige International Us LLC, Professional Placement Resources LLC, Dbm Holdings LLC

Loan Workout Manager Salary in United States
Loan Workout Manager Salary Graph, Regional Distribution and Summary