Alternate Job Titles: Commercial Loan Workout Officer I, Entry Level Commercial Loan Workout Officer, Level I Commercial Loan Workout Officer
What is the average annual salary for Commercial Loan Workout Officer I?
The annual salary for someone with the job title Commercial Loan Workout Officer I may vary depending on a number of factors including industry, company size, location, years of experience and level of education. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Commercial Loan Workout Officer I in the United States.
This chart describes the expected percentage of people who perform the job of Commercial Loan Workout Officer I in the United States that make less than that annual salary. For example the median expected annualy pay for a typical Commercial Loan Workout Officer I in the United States is $45,102 so 50% of the people who perform the job of Accountant I in the United Sates are expected to make less than $45,102.
Restructures loans for commercial clients; works with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Works with small loans of little complexity. May require a bachelor's degree in area of specialty and 0-2 years of experience in the field or a related area. Has knowledge of commonly-used concepts, practices, and procedures within a particular field. Relies on instructions and pre-established guidelines to perform the functions of the job. Works under immediate supervision. Typically reports to a supervisor or manager.
View Commercial Loan Workout Officer I job description