Loan Workout Officer I Salary in the United States

How much does a Loan Workout Officer I make in the United States? The average Loan Workout Officer I salary in the United States is $63,629 as of September 26, 2019, but the range typically falls between $56,772 and $75,146. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities

Skills Associated with Loan Workout Officer I: Banking Software, Loan Software, Negotiation, Loss Mitigation ...More

Popular jobs: Physical Therapist, Actuary I, Aerospace Engineer I

Salary estimation for Loan Workout Officer I at companies like : GIGAMON INC, PAYPAL HOLDINGS INC, RE/MAX HOLDINGS INC

Job Description

Loan Workout Officer I restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Works with small- and mid-size loans of little to medium complexity. Being a Loan Workout Officer I typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Workout Officer I typically requires 0-2 years of related experience. (Copyright 2019 Salary.com)

See user submitted job responsibilities for Loan Workout Officer I.

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Average Base Salary

Core compensation

 
 
 
56772
75146
63629

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
58686
82812
67486
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Workout Officer I in the United States. The base salary for Loan Workout Officer I ranges from $56,772 to $75,146 with the average base salary of $63,629. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $58,686 to $82,812 with the average total cash compensation of $67,486.
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56772
75146

 

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Job Openings for Loan Workout Officer I
Those that have already made the climb...
Michael J. Burns , Former Chief Financial Officer
Gigamon Inc. develops and delivers solution that delivers visibility and control of data-in-motion traversing enterprise, federal, and service provider networks in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers traffic intelligence applications that provid... More
Fiscal Year Ended in 2016
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City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.3%
City, State Washington, DC Compared to national average
+ 10.7%
City, State Miami, FL Compared to national average
-2.7%
City, State Chicago, IL Compared to national average
+ 6.0%
City, State Boston, MA Compared to national average
+ 12.9%
City, State New York, NY Compared to national average
+ 21.0%
City, State Dallas, TX Compared to national average
-1.0%