upper level job

How much does a Loan Workout Officer II make?

As of December 01, 2024, the average annual pay of Loan Workout Officer II in Suffolk, VA is $88,419. While Salary.com is seeing that Loan Workout Officer II salary in Suffolk, VA can go up to $118,588 or down to $60,596, but most earn between $73,856 and $104,211. Salary.com shows 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.

Loan Workout Officer II Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $110,745 $9,229 $2,130 $53
Average $93,963 $7,830 $1,807 $45
25th Percentile $78,486 $6,541 $1,509 $38

Average Salary

25% $73,856 10% $60,596 90% $118,588 75% $104,211 $88,419 50%(Median) Didn’t find job title? Click
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Salary.com provides you with accurate and diversified Loan Workout Officer II salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Loan Workout Officer II hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Loan Workout Officer II $83,283
Intermediate Level Loan Workout Officer II $83,716
Senior Level Loan Workout Officer II $86,530
Specialist Level Loan Workout Officer II $93,913
Expert Level Loan Workout Officer II $96,261
$83,283 0 yr
$83,716 < 2 yrs
$86,530 2-4 yrs
$93,913 5-8 yrs
$96,261 > 8 yrs
Last Updated on December 01, 2024
Entry Level 11%
Mid Level 11%
Senior Level 8%
Top Level 0%
Experienced 2%
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Last Updated on December 01, 2024

Job Openings of Loan Workout Officer II

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

Cost of Living In Suffolk, VA

Cost of Living in Suffolk , VA is
5.1% Higher
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Best-Paid Skills and Qualifications for Loan Workout Officer II

What skills does a Loan Workout Officer II 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.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

3.

Tax Return: Calculating an entity’s income earned with the amount of tax payable to the government, organizations, or potential taxpayers.

Customer Service 7.06%
Futures 2.22%
Tax Return 1.27%
Others 89.45%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Loan Workout Officer II higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Bond, you can get a 42% salary raise. If you are good at Loan Processing, your salary will increase by 7%. If you are expert in Tax Return, your salary will rise by 7%.
Skill Salary Demand
Bond
$125,555
42%
Loan Processing
$94,609
7%
Tax Return
$94,609
7%
Problem Solving
$94,609
7%
Computer Systems
$93,724
6%
Wholesale
$93,724
6%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Loan Workout Officer II is $88,419 per year in Suffolk, VA, updated at December 01, 2024.
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