1. What is the average salary of a Loan Workout Officer III?
The average annual salary of Loan Workout Officer III is $141,333.
In case you are finding an easy salary calculator,
the average hourly pay of Loan Workout Officer III is $68;
the average weekly pay of Loan Workout Officer III is $2,718;
the average monthly pay of Loan Workout Officer III is $11,778.
2. Where can a Loan Workout Officer III earn the most?
A Loan Workout Officer III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Loan Workout Officer III earns the most in San Jose, CA, where the annual salary of a Loan Workout Officer III is $177,373.
3. What is the highest pay for Loan Workout Officer III?
The highest pay for Loan Workout Officer III is $174,849.
4. What is the lowest pay for Loan Workout Officer III?
The lowest pay for Loan Workout Officer III is $107,645.
5. What are the responsibilities of 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.
6. What are the skills of Loan Workout Officer III
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.)
Promotion: Developing and implementing promotional activities to attract and increase the awareness of customers in buying products.
3.)
BI: Business intelligence (BI) is a technology-driven process for analyzing data and delivering actionable information that helps executives, managers and workers make informed business decisions.
