How much does a Loan Workout Officer III make in the United States? The average Loan Workout Officer III salary in the United States is $125,817 as of August 27, 2020, but the range typically falls between $110,124 and $141,435. 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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25% $110,124 10% $95,836 90% $155,654 75% $141,435 $125,817 50%(Median)
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Job Description for Loan Workout Officer III

Loan Workout Officer III restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower and to facilitate collection. Works with the largest and highest complexity loans. Being a Loan Workout Officer III analyzes financial data and provides required reporting. May specialize in a particular loan type or industry. Additionally, Loan Workout Officer III may guide and mentor junior team members. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Loan Workout Officer III typically requires 4 to 7 years of related experience. (Copyright 2020 Salary.com)... View full job description

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Job Openings for Loan Workout Officer III
Those that have already made the climb...
John D. Rainey, Chief Financial Officer and Executive Vice President, Global Customer Operations
PayPal Holdings, Inc. operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumer... More
Fiscal Year Ended in 2019
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City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

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Average Total Cash Compensation

Includes base and annual incentives

 
 
 
124170
162795
144430
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Workout Officer III in the United States. The base salary for Loan Workout Officer III ranges from $110,124 to $141,435 with the average base salary of $125,817. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $124,170 to $162,795 with the average total cash compensation of $144,430.
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110124
141435

 

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Skills associated with Loan Workout Officer III: Loss Mitigation, Negotiation, Loan Software, Banking Software ...More

Salary estimation for Loan Workout Officer III at companies like : PayPal Holdings, Inc., RE/MAX Holdings, Inc., Square, Inc.