As of December 01, 2024, the average annual pay of Loan Workout Manager in Rio Rancho, NM is $158,305. While Salary.com is seeing that Loan Workout Manager salary in Rio Rancho, NM can go up to $234,504 or down to $110,849, but most earn between $133,465 and $198,190. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Workout Manager in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $211,516 | $17,626 | $4,068 | $102 |
| Average | $168,949 | $14,079 | $3,249 | $81 |
| 25th Percentile | $142,438 | $11,870 | $2,739 | $68 |
An entry-level Loan Workout Manager with under 1 year experience makes about $148,405. With less than 2 years of experience, a mid-level Loan Workout Manager makes around $149,512. After 2-4 years, the Loan Workout Manager pay rises to about $152,095. Those senior Loan Workout Manager with 5-8 years of experience earn roughly $155,048, and those Loan Workout Manager having 8 years or more experience are expected to earn about $161,781 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Manager | $148,405 |
| Intermediate Level Loan Workout Manager | $149,512 |
| Senior Level Loan Workout Manager | $152,095 |
| Specialist Level Loan Workout Manager | $155,048 |
| Expert Level Loan Workout Manager | $161,781 |
| 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
|
$188,383 |
19%
|
|
ACH
|
$170,970 |
8%
|
|
Accountability
|
$169,387 |
7%
|
|
Coaching
|
$159,888 |
1%
|
|
Organizational Skills
|
$159,888 |
1%
|
|
Organizational Skills
|
$159,888 |
1%
|
