Alternate Job Titles: Commercial Loan Workout Officer III, Level III Commercial Loan Workout Officer, Senior Level Commercial Loan Workout Officer
What is the average annual salary for Commercial Loan Workout Officer III?
The annual salary for someone with the job title Commercial Loan Workout Officer III 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 III in the United States.
This chart describes the expected percentage of people who perform the job of Commercial Loan Workout Officer III 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 III in the United States is $87,326 so 50% of the people who perform the job of Accountant I in the United Sates are expected to make less than $87,326.
Restructures loans for commercial clients; works with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Works with mid- to large-size loans of moderate to high complexity. May require a bachelor's degree in area of specialty and 4-6 years of experience in the field or in a related area. Familiar with a variety of the field's concepts, practices, and procedures within a particular field. Relies on extensive experience and judgment to plan and accomplish goals. Performs a variety of tasks. A wide degree of creativity and latitude is expected. Typically reports to a manager or head of a unit/department.
View Commercial Loan Workout Officer III job description