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Loan Workout Officer III Salary in Norfolk, Virginia

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Loan Workout Officer III Salary in Norfolk, VA

What is the highest and lowest pay for Loan Workout Officer III?

As of December 01, 2024, the average annual pay of Loan Workout Officer III in Norfolk, VA is $133,136. While Salary.com is seeing that the highest pay for Loan Workout Officer III in Norfolk, VA can go up to $164,708 and the lowest down to $101,402, but most earn between $116,525 and $149,662. Salary.com shows 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.

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Loan Workout Officer III Salaries by Percentile
Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $158,877 $13,240 $3,055 $76
Average $141,333 $11,778 $2,718 $68
25th Percentile $123,700 $10,308 $2,379 $59
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Average Salary

25% $116,525 10% $101,402 90% $164,708 75% $149,662 $133,136 50%(Median) Didn’t find job title? Click
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View Loan Workout Officer III Salary by Hour, Week, Month, Year

Salary.com provides you with accurate and diversified Loan Workout Officer III 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 III hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
$123,700
Average
$141,333/year
$158,877
$10,308
Average
$11,778/month
$13,240
$2,379
Average
$2,718/week
$3,055
$59
Average
$68/hour
$76
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $158,877 $13,240 $3,055 $76
Average $141,333 $11,778 $2,718 $68
25th Percentile $123,700 $10,308 $2,379 $59
Last Updated on December 01, 2024

View Loan Workout Officer III Salary by Experience Levels

An entry-level Loan Workout Officer III with under 1 year experience makes about $125,126. With less than 2 years of experience, a mid-level Loan Workout Officer III makes around $126,359. After 2-4 years, the Loan Workout Officer III pay rises to about $128,827. Those senior Loan Workout Officer III with 5-8 years of experience earn roughly $132,528, and those Loan Workout Officer III having 8 years or more experience are expected to earn about $138,667 on average.

Levels Salary
Entry Level Loan Workout Officer III $125,126
Intermediate Level Loan Workout Officer III $126,359
Senior Level Loan Workout Officer III $128,827
Specialist Level Loan Workout Officer III $132,528
Expert Level Loan Workout Officer III $138,667
$125,126 0 yr
$126,359 < 2 yrs
$128,827 2-4 yrs
$132,528 5-8 yrs
$138,667 > 8 yrs
Last Updated on December 01, 2024
Entry Level 11%
Mid Level 11%
Senior Level 9%
Top Level 6%
Experienced 2%
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Last Updated on December 01, 2024

Highest Paying Cities in Virginia for Loan Workout Officer III

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Salaries of Jobs Related to Loan Workout Officer III

Job Openings of Loan Workout Officer III

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Cost of Living In Norfolk, VA

Cost of Living in Norfolk , VA is
4.5% Higher
than the National Average
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Best-Paid Skills and Qualifications for Loan Workout Officer III

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.

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.

See More Skills
Analysis 8.64%
Promotion 2.47%
BI 1.23%
Others 87.66%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Loan Workout Officer III 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 Legal Documents, you can get a 8% salary raise. If you are good at Credit Reports, your salary will increase by 5%. If you are expert in Credit Administration, your salary will rise by 5%.
Skill Salary Demand
Legal Documents
 $143,786
8%
Credit Reports
 $139,792
5%
Credit Administration
 $139,792
5%
Accounting
 $137,130
3%
Accounting
 $137,130
3%
Accounting
 $137,130
3%
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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 III is $133,136 per year in Norfolk, VA, updated at December 01, 2024.
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