How much does a Commercial Loan Workout Officer I make in the United States? The average Commercial Loan Workout Officer I salary in the United States is $67,277 as of April 24, 2024, but the range typically falls between $62,011 and $77,725. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Percentile | Salary | Location | Last Updated |
10th Percentile Commercial Loan Workout Officer I Salary | $57,216 | US | April 24, 2024 |
25th Percentile Commercial Loan Workout Officer I Salary | $62,011 | US | April 24, 2024 |
50th Percentile Commercial Loan Workout Officer I Salary | $67,277 | US | April 24, 2024 |
75th Percentile Commercial Loan Workout Officer I Salary | $77,725 | US | April 24, 2024 |
90th Percentile Commercial Loan Workout Officer I Salary | $87,237 | US | April 24, 2024 |
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Commercial Loan Workout Officer I restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Officer I works with small to moderate size loans of little complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer I typically reports to a supervisor or manager. The Commercial Loan Workout Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Commercial Loan Workout Officer I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description
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A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Commercial Loan Workout Officer I, the first career path typically starts with a Commercial Loan Workout Officer II position, and then progresses to Commercial Loan Workout Officer IV.
Additionally, the second career path typically starts with a Loan Workout Officer II position, and then progresses to Banking & Commercial Loan Workout Manager.
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Commercial Loan Workout Officer I salary varies from city to city. Compared with national average salary of Commercial Loan Workout Officer I, the highest Commercial Loan Workout Officer I salary is in San Francisco, CA, where the Commercial Loan Workout Officer I salary is 25.0% above. The lowest Commercial Loan Workout Officer I salary is in Miami, FL, where the Commercial Loan Workout Officer I salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Banking & Commercial Loan Workout Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Review Officer I | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Workout Officer II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Workout Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Commercial Loan Workout Officer I salary of your education level.
Geographic variations impact Commercial Loan Workout Officer I salary levels, due to various factors, such as cost of living, industries, market demand and company budgets. Click below to see pay differences between states.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Commercial Loan Workout Officer I salary varies from category to category. Click below to see Commercial Loan Workout Officer I salary in different categories.
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Skills associated with Commercial Loan Workout Officer I: Loan Software, Negotiation, Loss Mitigation, Debt Restructuring ...More
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