How much does a Loan Workout Manager make in Maine? The average Loan Workout Manager salary in Maine is $144,521 as of March 26, 2020, but the range typically falls between $121,837 and $180,954. 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.

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25% $121,837 10% $101,184 90% $214,125 75% $180,954 $144,521 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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Job Openings for Loan Workout Manager in Maine

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Location Avg. Salary Date Updated
Location Saco, ME Avg. Salary $149,718 Date Updated March 26, 2020
Location Windham, ME Avg. Salary $149,918 Date Updated March 26, 2020
Location Abbot, ME Avg. Salary $135,506 Date Updated March 26, 2020
Location Acton, ME Avg. Salary $151,826 Date Updated March 26, 2020
Location Addison, ME Avg. Salary $135,506 Date Updated March 26, 2020
Location Albion, ME Avg. Salary $135,506 Date Updated March 26, 2020
Location Alfred, ME Avg. Salary $150,805 Date Updated March 26, 2020
Location Alna, ME Avg. Salary $148,519 Date Updated March 26, 2020
Location Andover, ME Avg. Salary $148,519 Date Updated March 26, 2020
Location Anson, ME Avg. Salary $135,506 Date Updated March 26, 2020
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