As of April 01, 2025, the average annual salary for a Loan Workout Manager in Newport News, VA is $152,980. Salary.com reports that pay typically ranges from $124,741 to $163,435, with most professionals earning between $99,031 and $172,955.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $163,435 | $13,620 | $3,143 | $79 |
| Average | $152,980 | $12,748 | $2,942 | $74 |
| 25th Percentile | $124,741 | $10,395 | $2,399 | $60 |
An entry-level Loan Workout Manager with under 1 year experience makes about $142,443. With less than 2 years of experience, a mid-level Loan Workout Manager makes around $143,707. After 2-4 years, the Loan Workout Manager pay rises to about $146,658. Those senior Loan Workout Manager with 5-8 years of experience earn roughly $150,029, and those Loan Workout Manager having 8 years or more experience are expected to earn about $154,072 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Manager | $142,443 |
| Intermediate Level Loan Workout Manager | $143,707 |
| Senior Level Loan Workout Manager | $146,658 |
| Specialist Level Loan Workout Manager | $150,029 |
| Expert Level Loan Workout Manager | $154,072 |
| Entry Level | 12% |
| Mid Level | 12% |
| Senior Level | 10% |
| Top Level | 8% |
| Experienced | 5% |
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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
|
$182,046 |
19%
|
|
ACH
|
$165,218 |
8%
|
|
Accountability
|
$163,688 |
7%
|
|
Coaching
|
$154,509 |
1%
|
|
Organizational Skills
|
$154,509 |
1%
|
|
Organizational Skills
|
$154,509 |
1%
|
