Loan Workout Officer Salary in Bismarck, ND

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How much does a Loan Workout Officer make in Bismarck, ND?

As of February 01, 2025, the average annual salary for a Loan Workout Officer in Bismarck, ND is $95,037. Salary.com reports that pay typically ranges from $79,719 to $112,040, with most professionals earning between $65,774 and $127,522.

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Salary range for a Loan Workout Officer
$79,719 to $112,040
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What is a Loan Workout Officer?

A Loan Workout Officer is responsible for managing and negotiating the restructuring of delinquent or non-performing loans. They work with borrowers to develop and implement workout plans that will help them bring their loans back into good standing. This may involve modifying loan terms, extending repayment periods, or finding alternative solutions to help borrowers meet their financial obligations. Loan Workout Officers also work closely with internal teams and external partners to assess the financial health of borrowers and develop strategies to minimize losses for the lending institution. Additionally, they may be involved in monitoring and reporting on the progress of workout plans and making recommendations for further action if necessary. Strong communication, negotiation, and analytical skills are essential for success in this role.

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Loan Workout Officer Salary By Experience Levels in Bismarck, ND

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Loan Workout Officer Salary By Level of Education in Bismarck, ND

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Loan Workout Officer in Bismarck, ND

Average Base Salary

Core compensation

 
 
 
79719
112040
95037

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
86095
127185
104081
What is the average salary for Loan Workout Officer in 2025?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Workout Officer in Bismarck, ND. The base salary for Loan Workout Officer ranges from $79,719 to $112,040 with the average base salary of $95,037. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $86,095 to $127,185 with the average total cash compensation of $104,081.

View Average Salary for Loan Workout Officer as table

Average Salary Average Salary Range
Base Salary $95,037 $79,719 - $112,040
Bonus $9,045 $6,376 - $15,144
Total Pay $104,081 $86,095 - $127,185
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Loan Workout Officer Salary Near Bismarck, ND

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Bismarck, ND
CITY, STATE Mandan, ND AVERAGE SALARY RANGE $78,292 - $110,034 COMPARE TO Bismarck, ND
CITY, STATE Dickinson, ND AVERAGE SALARY RANGE $77,089 - $108,343 COMPARE TO Bismarck, ND
CITY, STATE Minot, ND AVERAGE SALARY RANGE $77,089 - $108,343 COMPARE TO Bismarck, ND
CITY, STATE Williston, ND AVERAGE SALARY RANGE $77,089 - $108,343 COMPARE TO Bismarck, ND
CITY, STATE Aberdeen, SD AVERAGE SALARY RANGE $66,366 - $93,273 COMPARE TO Bismarck, ND
CITY, STATE Fargo, ND AVERAGE SALARY RANGE $75,244 - $105,751 COMPARE TO Bismarck, ND
See salaries for Loan Workout Officer in locations close to Bismarck, ND. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

View Salary for Similar Jobs to Loan Workout Officer in Bismarck, ND

See Additional Similar Jobs
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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Entry Loan Workout Officer LOCATION Bismarck, ND MINIMUM SALARY $64,900 MAXIMUM SALARY $85,800
JOB TITLE Intermediate Loan Workout Officer LOCATION Bismarck, ND MINIMUM SALARY $78,400 MAXIMUM SALARY $110,600
JOB TITLE Senior Loan Workout Officer LOCATION Bismarck, ND MINIMUM SALARY $123,510 MAXIMUM SALARY $158,630
JOB TITLE Loan Workout Officer II LOCATION Bismarck, ND MINIMUM SALARY $78,336 MAXIMUM SALARY $110,540
JOB TITLE Loan Workout Officer III LOCATION Bismarck, ND MINIMUM SALARY $123,507 MAXIMUM SALARY $158,625
JOB TITLE Loan Workout Officer I LOCATION Bismarck, ND MINIMUM SALARY $64,814 MAXIMUM SALARY $85,762
The Loan Workout Officer job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Bismarck, ND that might be a good fit for the type of job and salary you are looking for.

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79719
112040

 

About Bismarck, North Dakota    Bismarck (/ˈbɪzmɑːrk/) is the capital of the U.S. state of North Dakota and the county seat of Burleigh County. It is the second-most populous city i....More

Bismarck, North Dakota  area prices were up 0.8% from a year ago

Loan Workout Officer Salary in popular cities: Fargo, Grand Forks, Minot

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role