How much does a Loan Workout Manager make in the United States? The average Loan Workout Manager salary in the United States is $150,427 as of May 28, 2020, but the range typically falls between $126,816 and $188,351. 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.
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 2020 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 2018
What does a Loan Workout Manager do?
Loan Workout Manager in Annapolis, MD
Contacts client for any required updates or renewal information.
December 04, 2019
Demonstrates understanding of loan risk rating system and properly grades loans.
December 06, 2019
Follows up on document preparation and any technical exceptions.
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Average Total Cash Compensation
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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 Loan Workout Manager in the United States. The base salary for Loan Workout Manager ranges from $126,816 to $188,351 with the average base salary of $150,427. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $131,420 to $206,050 with the average total cash compensation of $152,345.