Loan Workout Manager Salary in Allen, Kentucky

Loan Workout Manager Salary in Allen, KY

How much does a Loan Workout Manager make in Allen, KY? The average Loan Workout Manager salary in Allen, KY is $146,935 as of May 28, 2024, but the range typically falls between $123,878 and $183,961. 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. 

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Loan Workout Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Workout Manager Salary $102,886 Allen,KY May 28, 2024
25th Percentile Loan Workout Manager Salary $123,878 Allen,KY May 28, 2024
50th Percentile Loan Workout Manager Salary $146,935 Allen,KY May 28, 2024
75th Percentile Loan Workout Manager Salary $183,961 Allen,KY May 28, 2024
90th Percentile Loan Workout Manager Salary $217,672 Allen,KY May 28, 2024
25% $123,878 10% $102,886 90% $217,672 75% $183,961 $146,935 50%(Median) Didn’t find job title? Click
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Check out Loan Workout Manager Job Openings in Allen, Kentucky

Branch Manager / Loan Officer

First & Farmers National Bank, Inc. - Russell Springs, KY

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Entry Level Loan Processing Specialist

United Wholesale Mortgage - Pontiac, MI

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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).

See More Skills
Accountability 5.26%
Bond 5.26%
Consumer Loans 5.26%
Others 84.22%

What Should I Pay?

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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 in Allen, KY
  • First & Farmers National Bank, Inc. - Russell Springs, KY
    Job Description. Job Description. Description. Duties/Responsibilities. Opens and closes the branch. maintains and stays abreast of security policies and p...
    - 2 Days Ago
  • United Wholesale Mortgage - Pontiac, MI
    United Wholesale Mortgage (UWM) is America’s #1 mortgage lender and we’re looking to fill an immediate need for Mortgage Operations Specialists. MUST KNOW....
    - 10 Months Ago
  • MINT dentistry - Newport, KY
    Overview:*Get your school loans paid off while earning with your new career — talk about a win-win situation. Join us as a Dental Hygienist and be part of ...
    - 3 Months Ago
  • MINT dentistry - Cincinnati, OH
    Overview. Get your school loans paid off while earning with your new career — talk about a win-win situation. Join us as a Dental Hygienist and be part of ...
    - 3 Months Ago
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC PROPERTIES INC
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 Pay Difference by Location

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 3.5% 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
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Loan Workout Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
123878
183961
146935

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
128382
201221
148800
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 Allen, KY. The base salary for Loan Workout Manager ranges from $123,878 to $183,961 with the average base salary of $146,935. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $128,382 to $201,221 with the average total cash compensation of $148,800.
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123878
183961

 

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About Allen, Kentucky    Allen is a home rule-class city in Floyd County, Kentucky, in the United States. The population was 193 at the 2010 census, up from 150 at the 2000 ce....More

Allen, Kentucky  area prices were up 1.2% from a year ago    View the Cost of Living in Allen, Kentucky

Loan Workout Manager Salary in popular cities: Louisville, Lexington, Bowling Green

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