How much does a Commercial Loan Workout Officer III make hourly at companies like MANHATTAN BRIDGE CAPITAL INC in the United States? The average hourly wage for a Commercial Loan Workout Officer III at companies like MANHATTAN BRIDGE CAPITAL INC in the United States is $61 as of March 26, 2024, but the range typically falls between $52 and $70. Hourly rate 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. View the Cost of Living in Major Cities
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Commercial Loan Workout Officer III restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Officer III works with loans of moderate to large size and complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer III typically reports to a manager or head of a unit/department. The Commercial Loan Workout Officer III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Commercial Loan Workout Officer III typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)
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Includes base and short-term incentives
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