How much does a Loan Workout Officer I make in South Carolina? The average Loan Workout Officer I salary in South Carolina is $67,592 as of April 24, 2024, but the range typically falls between $60,321 and $79,821. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Loan Workout Officer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Workout Officer I Salary $53,700 SC April 24, 2024
25th Percentile Loan Workout Officer I Salary $60,321 SC April 24, 2024
50th Percentile Loan Workout Officer I Salary $67,592 SC April 24, 2024
75th Percentile Loan Workout Officer I Salary $79,821 SC April 24, 2024
90th Percentile Loan Workout Officer I Salary $90,955 SC April 24, 2024
25% $60,321 10% $53,700 90% $90,955 75% $79,821 $67,592 50%(Median) Didn’t find job title? Click
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What skills does a Loan Workout Officer I need?

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.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.

3.

Law Enforcement: Law enforcement is any system by which some members of society act in an organized manner to enforce the law by discovering, deterring, rehabilitating, or punishing people who violate the rules and norms governing that society. Although the term encompasses entities such as courts and prisons, it is most frequently applied to those who directly engage in patrols or surveillance to dissuade and discover criminal activity, and those who investigate crimes and apprehend offenders, a task typically carried out by the police or another law enforcement organization. Furthermore, although law enforcement may be most concerned with the prevention and punishment of crimes, organizations exist to discourage a wide variety of non-criminal violations of rules and norms, effected through the imposition of less severe consequences.

Analysis 6.93%
Economics 2.97%
Law Enforcement 1.98%
Others 88.12%

Job Description for Loan Workout Officer I

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 2024 Salary.com)... View full job description

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Salary.com job board provides millions of Loan Workout Officer I information for you to search for. Click on search button below to see Loan Workout Officer I job openings or enter a new job title here.

Job Openings for Loan Workout Officer I in South Carolina
  • Insight Global is hiring a Loan Officer for one of our top Mortgage Lending clients. You will work directly with homebuying customers across their division...
    - 1 Day Ago
  • Mortgage Loan Originator. Tabor Mortgage Group is a high-volume mortgage company in Charleston, SC that works alongside some of the Lowcountry's top real e...
    - 3 Days Ago
  • State Credit Union is in need of a branch Member Service Representative & Loan Officer at our Spartanburg branch in Spartanburg, SC to provide sales and se...
    - 4 Days Ago
  • State Credit Union is in need of a branch Member Service Representative & Loan Officer at our Huger St. branch in Columbia, SC to provide sales and service...
    - 5 Days Ago
  • State Credit Union is in need of a branch Member Service Representative & Loan Officer at our Huger St. branch in Columbia, SC to provide sales and service...
    - 5 Days Ago

Select a city to view specific salary and bonus information for Loan Workout Officer I

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Location Avg. Salary Date Updated
Location Goose Creek, SC Avg. Salary $67,879 Date Updated April 24, 2024
Location Abbeville, SC Avg. Salary $66,017 Date Updated April 24, 2024
Location Adams Run, SC Avg. Salary $67,592 Date Updated April 24, 2024
Location Aiken, SC Avg. Salary $66,089 Date Updated April 24, 2024
Location Alcolu, SC Avg. Salary $64,012 Date Updated April 24, 2024
Location Allendale, SC Avg. Salary $65,731 Date Updated April 24, 2024
Location Anderson, SC Avg. Salary $66,089 Date Updated April 24, 2024
Location Andrews, SC Avg. Salary $65,015 Date Updated April 24, 2024
Location Arcadia, SC Avg. Salary $67,306 Date Updated April 24, 2024
Location Awendaw, SC Avg. Salary $67,521 Date Updated April 24, 2024

Career Path for Loan Workout Officer I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Loan Workout Officer I, the first career path typically starts with a Commercial Loan Workout Officer II position, and then progresses to Commercial Loan Workout Officer IV.

Additionally, the second career path typically starts with a Loan Workout Officer II position, and then progresses to Banking & Commercial Loan Workout Manager.

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Loan Workout Officer I Salary in South Carolina
Loan Workout Officer I Salary Graph, Regional Distribution and Summary