Loan Workout Manager Salary in District of Columbia

How much does a Loan Workout Manager make in District of Columbia? The average Loan Workout Manager salary in District of Columbia is $166,176 as of January 20, 2020, but the range typically falls between $140,091 and $208,070. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

25% $140,091 10% $116,342 90% $246,212 75% $208,070 $166,176 50%(Median)
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Job Description

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)

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Location Avg. Salary Date Updated
Location Naval Anacost Annex, DC Avg. Salary $165,339 Date Updated January 20, 2020
Location Parcel Return Service, DC Avg. Salary $165,339 Date Updated January 20, 2020
Location Washington, DC Avg. Salary $165,339 Date Updated January 20, 2020
Location Washington Navy Yard, DC Avg. Salary $165,339 Date Updated January 20, 2020
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