As of March 01, 2025, the average annual salary for a Loan Workout Manager in Owensboro, KY is $160,175. Salary.com reports that pay typically ranges from $135,042 to $200,537, with most professionals earning between $112,160 and $237,283.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $212,884 | $17,740 | $4,094 | $102 |
| Average | $170,037 | $14,170 | $3,270 | $82 |
| 25th Percentile | $143,357 | $11,946 | $2,757 | $69 |
An entry-level Loan Workout Manager with under 1 year experience makes about $149,197. With less than 2 years of experience, a mid-level Loan Workout Manager makes around $150,310. After 2-4 years, the Loan Workout Manager pay rises to about $152,907. Those senior Loan Workout Manager with 5-8 years of experience earn roughly $155,875, and those Loan Workout Manager having 8 years or more experience are expected to earn about $162,644 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Manager | $149,197 |
| Intermediate Level Loan Workout Manager | $150,310 |
| Senior Level Loan Workout Manager | $152,907 |
| Specialist Level Loan Workout Manager | $155,875 |
| Expert Level Loan Workout Manager | $162,644 |
| Entry Level | 12% |
| Mid Level | 12% |
| Senior Level | 10% |
| Top Level | 8% |
| Experienced | 4% |
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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
|
$190,609 |
19%
|
|
ACH
|
$172,989 |
8%
|
|
Accountability
|
$171,388 |
7%
|
|
Coaching
|
$161,777 |
1%
|
|
Organizational Skills
|
$161,777 |
1%
|
|
Organizational Skills
|
$161,777 |
1%
|
