Loan Workout Officer II Salary in the United States

Loan Workout Officer II Salary

How much does a Loan Workout Officer II make in the United States? The average Loan Workout Officer II salary in the United States is $83,822 as of April 27, 2020, but the range typically falls between $70,018 and $98,790. 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. 

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Salary Salary + Bonus Benefits How To Become
25% $70,018 10% $57,451 90% $112,419 75% $98,790 $83,822 50%(Median)
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Job Description for Loan Workout Officer II

Loan Workout Officer II restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower and to facilitate collection. Works with mid- and large-size loans of medium to high complexity. Being a Loan Workout Officer II analyzes financial data and provides required reporting. May specialize in a particular loan type or industry. Additionally, Loan Workout Officer II typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer II gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Loan Workout Officer II typically requires 2 to 4 years of related experience. (Copyright 2020 Salary.com)... View full job description

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Job Openings for Loan Workout Officer II
Those that have already made the climb...
Pamela J. Shelley-Kessler, Executive Vice President, Chief Financial Officer and Corporate Secretary
LTC PROPERTIES INC
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 29 operating... More
Fiscal Year Ended in 2018
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Loan Workout Officer II Pay Difference by Location

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%

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Average Base Salary

Core compensation

 
 
 
70018
98790
83822

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
75532
111870
91509
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Workout Officer II in the United States. The base salary for Loan Workout Officer II ranges from $70,018 to $98,790 with the average base salary of $83,822. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $75,532 to $111,870 with the average total cash compensation of $91,509.
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70018
98790

 

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Skills associated with Loan Workout Officer II: Negotiation, Banking Software, Loss Mitigation, Debt Restructuring ...More

Salary estimation for Loan Workout Officer II at companies like : FS BANCORP INC, HIGHLANDS BANKSHARES INC /VA/, LTC PROPERTIES INC