Loan Workout Officer III Salary in New Jersey
Loan Workout Officer III Salary in New Jersey
How much does a Loan Workout Officer III make in New Jersey? The average Loan Workout Officer III salary in New Jersey is $152,104 as of March 26, 2024, but the range typically falls between $133,123 and $170,986. 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.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Loan Workout Officer III Salary | $115,842 | NJ | March 26, 2024 |
| 25th Percentile Loan Workout Officer III Salary | $133,123 | NJ | March 26, 2024 |
| 50th Percentile Loan Workout Officer III Salary | $152,104 | NJ | March 26, 2024 |
| 75th Percentile Loan Workout Officer III Salary | $170,986 | NJ | March 26, 2024 |
| 90th Percentile Loan Workout Officer III Salary | $188,176 | NJ | March 26, 2024 |
Summit Bank - Bend, OR
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Big Block Premier Realty - Irvine, CA
NW Recruiting Partners - Kirkland, WA
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What skills does a Loan Workout Officer III 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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Promotion: Developing and implementing promotional activities to attract and increase the awareness of customers in buying products.
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.
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 2024 Salary.com)... View full job description
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Select a city to view specific salary and bonus information for Loan Workout Officer III
| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Bayonne, NJ | Avg. Salary $156,823 | Date Updated March 26, 2024 |
| Location Bergenfield, NJ | Avg. Salary $159,599 | Date Updated March 26, 2024 |
| Location Bloomfield, NJ | Avg. Salary $159,737 | Date Updated March 26, 2024 |
| Location East Brunswick, NJ | Avg. Salary $156,684 | Date Updated March 26, 2024 |
| Location Hoboken, NJ | Avg. Salary $162,097 | Date Updated March 26, 2024 |
| Location Irvington, NJ | Avg. Salary $156,823 | Date Updated March 26, 2024 |
| Location Lakewood, NJ | Avg. Salary $154,464 | Date Updated March 26, 2024 |
| Location Middlesex, NJ | Avg. Salary $155,713 | Date Updated March 26, 2024 |
| Location Passaic, NJ | Avg. Salary $159,737 | Date Updated March 26, 2024 |
| Location Union, NJ | Avg. Salary $156,823 | Date Updated March 26, 2024 |
Career Path for Loan Workout Officer III
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 III, the first career path typically progresses to Commercial Loan Workout Officer IV.
Additionally, the second career path typically starts with a Banking & Commercial Loan Workout Manager position, and then progresses to Loan Workout Manager.
What does a Loan Workout Officer III do?
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About New Jersey
Similar Jobs to Loan Workout Officer III
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Commercial Loan Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
Level of Education for Loan Workout Officer III
Jobs with different levels of education may pay very differently. Check the Loan Workout Officer III salary of your education level.
View Salary Data for All Nearby Cities
Most Popular Cities for Loan Workout Officer III Job
- Sioux Falls, SD Loan Workout Officer III
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- Buffalo, NY Loan Workout Officer III
- Providence, RI Loan Workout Officer III
- Denver, CO Loan Workout Officer III
- Tacoma, WA Loan Workout Officer III
- Stamford, CT Loan Workout Officer III
- Ogden, UT Loan Workout Officer III
- Chicago, IL Loan Workout Officer III
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A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Loan Workout Officer III salary varies from category to category. Click below to see Loan Workout Officer III salary in different categories.
About New Jersey New Jersey is bordered on the north and northeast by New York (parts of which are across the Hudson River, Upper New York Bay, the Kill Van Kull, Newa....More
Skills associated with Loan Workout Officer III: Loan Software, Banking Software, Loss Mitigation, Negotiation ...More
Salary estimation for Loan Workout Officer III at companies like : Public Waste Center, aspxSdi Trenton Holdings LLC, YLY Co
