Loan Workout Officer Salary in Concord, NH

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How much does a Loan Workout Officer make in Concord, NH?

As of April 01, 2025, the average annual salary for a Loan Workout Officer in Concord, NH is $94,399. Salary.com reports that pay typically ranges from $79,182 to $111,284, with most professionals earning between $65,328 and $126,657.

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Salary range for a Loan Workout Officer
$79,182 to $111,284
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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 Concord, NH

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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 Concord, NH

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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 Concord, NH

Average Base Salary

Core compensation

 
 
 
79182
111284
94399

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
85513
126323
103378
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 Concord, NH. The base salary for Loan Workout Officer ranges from $79,182 to $111,284 with the average base salary of $94,399. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $85,513 to $126,323 with the average total cash compensation of $103,378.

View Average Salary for Loan Workout Officer as table

Average Salary Average Salary Range
Base Salary $94,399 $79,182 - $111,284
Bonus $8,979 $6,330 - $15,039
Total Pay $103,378 $85,513 - $126,323
* 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 Concord, NH

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Concord, NH
CITY, STATE Manchester, NH AVERAGE SALARY RANGE $82,267 - $115,619 COMPARE TO Concord, NH
CITY, STATE Bedford, NH AVERAGE SALARY RANGE $82,267 - $115,619 COMPARE TO Concord, NH
CITY, STATE Merrimack, NH AVERAGE SALARY RANGE $86,332 - $121,333 COMPARE TO Concord, NH
CITY, STATE Derry, NH AVERAGE SALARY RANGE $84,203 - $118,341 COMPARE TO Concord, NH
CITY, STATE Rochester, NH AVERAGE SALARY RANGE $84,284 - $118,454 COMPARE TO Concord, NH
CITY, STATE Dover, NH AVERAGE SALARY RANGE $84,621 - $118,928 COMPARE TO Concord, NH
See salaries for Loan Workout Officer in locations close to Concord, NH. 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 Concord, NH

See Additional Similar Jobs
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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Entry Loan Workout Officer LOCATION Concord, NH MINIMUM SALARY $65,300 MAXIMUM SALARY $76,000
JOB TITLE Intermediate Loan Workout Officer LOCATION Concord, NH MINIMUM SALARY $91,200 MAXIMUM SALARY $110,800
JOB TITLE Senior Loan Workout Officer LOCATION Concord, NH MINIMUM SALARY $114,610 MAXIMUM SALARY $134,840
JOB TITLE Loan Workout Officer II LOCATION Concord, NH MINIMUM SALARY $91,133 MAXIMUM SALARY $110,778
JOB TITLE Loan Workout Officer III LOCATION Concord, NH MINIMUM SALARY $114,601 MAXIMUM SALARY $134,837
JOB TITLE Loan Workout Officer I LOCATION Concord, NH MINIMUM SALARY $65,295 MAXIMUM SALARY $75,983
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 Concord, NH that might be a good fit for the type of job and salary you are looking for.

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79182
111284

 

About Concord, New Hampshire    Concord is located at 43°12′24″N 71°32′17″W / 43.20667°N 71.53806°W / 43.20667; -71.53806 (43.2070, −71.5371). According to the United States Censu....More

Concord, New Hampshire  area prices were up 1.4% from a year ago

Loan Workout Officer Salary in popular cities: Manchester, Nashua, Derry

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