Loan Workout Manager Salary in New Jersey

How much does a Loan Workout Manager make in New Jersey? The average Loan Workout Manager salary in New Jersey is $164,325 as of October 30, 2019, but the range typically falls between $138,529 and $205,745. 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.

Salary range for a Loan Workout Manager
$138,529 to $205,745
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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 2019 Salary.com)

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Location Avg. Salary Date Updated
Location Bayonne, NJ Avg. Salary $169,735 Date Updated October 30, 2019
Location Bergenfield, NJ Avg. Salary $171,221 Date Updated October 30, 2019
Location Bloomfield, NJ Avg. Salary $171,370 Date Updated October 30, 2019
Location East Brunswick, NJ Avg. Salary $172,202 Date Updated October 30, 2019
Location Hoboken, NJ Avg. Salary $179,842 Date Updated October 30, 2019
Location Irvington, NJ Avg. Salary $169,735 Date Updated October 30, 2019
Location Lakewood, NJ Avg. Salary $169,284 Date Updated October 30, 2019
Location Middlesex, NJ Avg. Salary $166,762 Date Updated October 30, 2019
Location Passaic, NJ Avg. Salary $171,370 Date Updated October 30, 2019
Location Union, NJ Avg. Salary $169,735 Date Updated October 30, 2019
Job Openings for Loan Workout Manager in New Jersey
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