As of April 01, 2025, the average annual salary for a Loan Workout Manager in Scranton, PA is $162,358. Salary.com reports that pay typically ranges from $136,887 to $203,268, with most professionals earning between $113,698 and $240,514.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $213,203 | $17,767 | $4,100 | $103 |
| Average | $170,293 | $14,191 | $3,275 | $82 |
| 25th Percentile | $143,578 | $11,965 | $2,761 | $69 |
An entry-level Loan Workout Manager with under 1 year experience makes about $151,002. With less than 2 years of experience, a mid-level Loan Workout Manager makes around $152,129. After 2-4 years, the Loan Workout Manager pay rises to about $154,758. Those senior Loan Workout Manager with 5-8 years of experience earn roughly $157,762, and those Loan Workout Manager having 8 years or more experience are expected to earn about $164,613 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Manager | $151,002 |
| Intermediate Level Loan Workout Manager | $152,129 |
| Senior Level Loan Workout Manager | $154,758 |
| Specialist Level Loan Workout Manager | $157,762 |
| Expert Level Loan Workout Manager | $164,613 |
| Entry Level | 11% |
| Mid Level | 11% |
| Senior Level | 9% |
| Top Level | 7% |
| Experienced | 3% |
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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
|
$193,205 |
19%
|
|
ACH
|
$175,346 |
8%
|
|
Accountability
|
$173,723 |
7%
|
|
Coaching
|
$163,981 |
1%
|
|
Organizational Skills
|
$163,981 |
1%
|
|
Organizational Skills
|
$163,981 |
1%
|
