As of March 01, 2025, the average annual salary for a Loan Workout Manager in Richmond, CA is $203,705. Salary.com reports that pay typically ranges from $171,742 to $255,035, with most professionals earning between $142,641 and $301,768.
| 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 $189,743. With less than 2 years of experience, a mid-level Loan Workout Manager makes around $191,158. After 2-4 years, the Loan Workout Manager pay rises to about $194,461. Those senior Loan Workout Manager with 5-8 years of experience earn roughly $198,237, and those Loan Workout Manager having 8 years or more experience are expected to earn about $206,845 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Manager | $189,743 |
| Intermediate Level Loan Workout Manager | $191,158 |
| Senior Level Loan Workout Manager | $194,461 |
| Specialist Level Loan Workout Manager | $198,237 |
| Expert Level Loan Workout Manager | $206,845 |
| Entry Level | 12% |
| Mid Level | 12% |
| Senior Level | 14% |
| Top Level | 17% |
| Experienced | 22% |
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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
|
$242,409 |
19%
|
|
ACH
|
$220,001 |
8%
|
|
Accountability
|
$217,964 |
7%
|
|
Coaching
|
$205,742 |
1%
|
|
Organizational Skills
|
$205,742 |
1%
|
|
Organizational Skills
|
$205,742 |
1%
|
