Loan Workout Officer Salary in Long Beach, CA

How much does a Loan Workout Officer make in Long Beach, CA?

As of April 01, 2025, the average annual salary for a Loan Workout Officer in Long Beach, CA is $104,781. Salary.com reports that pay typically ranges from $87,891 to $123,523, with most professionals earning between $72,513 and $140,587.

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Salary range for a Loan Workout Officer

$87,891 to $123,523

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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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What does a Loan Workout Officer do?

Common responsibilities of a Loan Workout Officer

Collaborate with other departments, such as legal and risk management, to ensure compliance with regulations and policies.

September 17, 2023

Stay informed about industry trends and best practices related to loan workouts and financial restructuring.

September 24, 2023

Provide regular updates and reports to management on the status of loan workout cases.

September 30, 2023

Develop and implement strategies to help borrowers restructure their loans and improve their financial standing.

October 07, 2023

Work with borrowers to create realistic and achievable repayment plans.

October 10, 2023

Communicate with borrowers to provide guidance and support throughout the loan workout process.

October 15, 2023

Evaluate and analyze the financial situation of borrowers who are struggling to make loan payments.

October 19, 2023

Review and assess the effectiveness of loan workout plans and make adjustments as needed.

October 22, 2023

Monitor and track the progress of borrowers in adhering to the terms of their loan workout plans.

October 31, 2023

Negotiate with borrowers to modify loan terms, such as interest rates, payment schedules, and loan amounts.

November 01, 2023

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Loan Workout Officer Salary By Experience Levels in Long Beach, CA

How much should you be earning in Loan Workout Officer in Long Beach, CA based on your current experience?

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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 Long Beach, CA

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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 Long Beach, CA

Average Base Salary

Core compensation

87891

123523

104781

Average Total Cash Compensation

Includes base and annual incentives

94918

140217

114748

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 Long Beach, CA. The base salary for Loan Workout Officer ranges from $87,891 to $123,523 with the average base salary of $104,781. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $94,918 to $140,217 with the average total cash compensation of $114,748.

View Average Salary for Loan Workout Officer as table

	Average Salary	Average Salary Range
Base Salary	$104,781	$87,891 - $123,523
Bonus	$9,967	$7,027 - $16,693
Total Pay	$114,748	$94,918 - $140,217

* 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 Long Beach, CA

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Long Beach, CA
CITY, STATE Carson, CA	AVERAGE SALARY RANGE $87,891 - $123,523	COMPARE TO Long Beach, CA 0%
CITY, STATE Norwalk, CA	AVERAGE SALARY RANGE $87,979 - $123,647	COMPARE TO Long Beach, CA
CITY, STATE Pasadena, CA	AVERAGE SALARY RANGE $88,992 - $125,070	COMPARE TO Long Beach, CA
CITY, STATE Torrance, CA	AVERAGE SALARY RANGE $87,891 - $123,523	COMPARE TO Long Beach, CA 0%
CITY, STATE Inglewood, CA	AVERAGE SALARY RANGE $88,992 - $125,070	COMPARE TO Long Beach, CA
CITY, STATE Downey, CA	AVERAGE SALARY RANGE $88,252 - $124,031	COMPARE TO Long Beach, CA

See salaries for Loan Workout Officer in locations close to Long Beach, CA. 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.

About Long Beach, California

Long Beach is a city on the Pacific Coast of the United States, within the Los Angeles metropolitan area of Southern California. As of 2010, its population was 462,257. It is the 39th most populous city in the United States and the 7th most populous in California. Long Beach is the second-largest city in the Los Angeles metropolitan area and the third largest in Southern California behind Los Angeles and San Diego. Long Beach is a charter city. The Port of Long Beach is the second busiest container port in the United States and is among the world's largest shipping ports. The city also maintai...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

View Salary for Similar Jobs to Loan Workout Officer in Long Beach, CA

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Entry Loan Workout Officer	LOCATION Long Beach, CA	MINIMUM SALARY $72,500	MAXIMUM SALARY $84,400
JOB TITLE Intermediate Loan Workout Officer	LOCATION Long Beach, CA	MINIMUM SALARY $101,200	MAXIMUM SALARY $123,000
JOB TITLE Senior Loan Workout Officer	LOCATION Long Beach, CA	MINIMUM SALARY $127,210	MAXIMUM SALARY $149,670
JOB TITLE Loan Workout Officer II	LOCATION Long Beach, CA	MINIMUM SALARY $101,156	MAXIMUM SALARY $122,962
JOB TITLE Loan Workout Officer III	LOCATION Long Beach, CA	MINIMUM SALARY $127,205	MAXIMUM SALARY $149,667
JOB TITLE Loan Workout Officer I	LOCATION Long Beach, CA	MINIMUM SALARY $72,476	MAXIMUM SALARY $84,340

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 Long Beach, CA that might be a good fit for the type of job and salary you are looking for.

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87891

123523

About Long Beach, California Long Beach is a city on the Pacific Coast of the United States, within the Los Angeles metropolitan area of Southern California. As of 2010, its popul....More

Long Beach, California area prices were up 3.2% from a year ago

Loan Workout Officer Salary in popular cities: Los Angeles, San Diego, San Jose

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