As of April 01, 2025, the average annual salary for a Loan Workout Manager in Canton, MI is $170,923. Salary.com reports that pay typically ranges from $144,109 to $213,992, with most professionals earning between $119,696 and $253,204.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $213,203 | $17,767 | $4,100 | $103 |
| Average | $170,293 | $14,191 | $3,275 | $82 |
| 25th Percentile | $143,578 | $11,965 | $2,761 | $69 |
An entry-level Loan Workout Manager with under 1 year experience makes about $158,969. With less than 2 years of experience, a mid-level Loan Workout Manager makes around $160,155. After 2-4 years, the Loan Workout Manager pay rises to about $162,922. Those senior Loan Workout Manager with 5-8 years of experience earn roughly $166,085, and those Loan Workout Manager having 8 years or more experience are expected to earn about $173,297 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Manager | $158,969 |
| Intermediate Level Loan Workout Manager | $160,155 |
| Senior Level Loan Workout Manager | $162,922 |
| Specialist Level Loan Workout Manager | $166,085 |
| Expert Level Loan Workout Manager | $173,297 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 4% |
| Top Level | 2% |
| Experienced | 2% |
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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.
Accountability: Setting and holding oneself and others to stated expectations by associating tasks with our business's mission, values, and goals.
Bond: Bonds are issued by borrowers to raise money from investors willing to lend them money for a certain amount of time.
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).
| Skill | Salary | Demand |
|---|---|---|
|
Banking System
|
$203,399 |
19%
|
|
ACH
|
$184,597 |
8%
|
|
Accountability
|
$182,888 |
7%
|
|
Coaching
|
$172,633 |
1%
|
|
Organizational Skills
|
$172,633 |
1%
|
|
Organizational Skills
|
$172,633 |
1%
|
