How much does a Banking Commercial Loan Workout Manager make in the United States?

Restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Works with small to moderate size loans of little complexity. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Works on projects/matters of limited complexity in a support role. Work is closely managed. Typically requires 0-2 years of related experience. View Commercial Loan Workout Officer I Salary

Restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Works with loans of moderate to large size and complexity. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Typically requires 4 to 7 years of related experience. View Commercial Loan Workout Officer III Salary

Directs and manages a team of professionals in restructuring commercial loans. Works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Responsible for collecting potential loans that are viable. Develops programs and manages strategies to reach performance goals. Provides guidance and oversight on high complexity or challenging loans. Requires a bachelor's degree. Typically reports to a head of a unit/department. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. Typically requires 3+ years of managerial experience. View Loan Workout Manager Salary

Manages a team of commercial loan officers to build commercial loan business within a designated market. Provides operational guidance to loan officers and approves requests for loans beyond the officers' approval limits. May personally handle the most complex loans and most difficult credit approvals. Adheres to all regulatory requirements and internal risk and operating policies and procedures. Builds a high-performance lending team with individual mentoring, coaching, and professional development opportunities. Typically requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. View Commercial Loan Manager Salary

Restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower and to facilitate collection. Works with the largest and highest complexity loans. Analyzes financial data and provides required reporting. May specialize in a particular loan type or industry. May guide and mentor junior team members. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Typically requires 4 to 7 years of related experience. View Loan Workout Officer III Salary