Loan Workout Manager Salary in Denver, Colorado
Loan Workout Manager Salary in Denver, CO
How much does a Loan Workout Manager make in Denver, CO? The average Loan Workout Manager salary in Denver, CO is $169,052 as of March 26, 2024, but the range typically falls between $142,532 and $211,654. 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.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Loan Workout Manager Salary | $118,387 | Denver,CO | March 26, 2024 |
| 25th Percentile Loan Workout Manager Salary | $142,532 | Denver,CO | March 26, 2024 |
| 50th Percentile Loan Workout Manager Salary | $169,052 | Denver,CO | March 26, 2024 |
| 75th Percentile Loan Workout Manager Salary | $211,654 | Denver,CO | March 26, 2024 |
| 90th Percentile Loan Workout Manager Salary | $250,440 | Denver,CO | March 26, 2024 |
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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.
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).
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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What does a Loan Workout Manager do?
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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.
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About Denver, Colorado
Similar Jobs to Loan Workout Manager
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Banking & Commercial Loan Workout Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
Level of Education for Loan Workout Manager
Jobs with different levels of education may pay very differently. Check the Loan Workout Manager salary of your education level.
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About Denver, Colorado Denver is in the center of the Front Range Urban Corridor, between the Rocky Mountains to the west and the High Plains to the east. Denver's topograph....More
Denver, Colorado area prices were up 0.4% from a year ago View the Cost of Living in Denver, Colorado
Loan Workout Manager Salary in popular cities: Colorado Springs, Aurora, Fort Collins
Skills associated with Loan Workout Manager: Loss Mitigation, Negotiation, Debt Restructuring, 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
