How much does a Commercial Loan Workout Officer III make in Florida? The average Commercial Loan Workout Officer III salary in Florida is $116,547 as of March 26, 2024, but the range typically falls between $100,226 and $134,486. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Commercial Loan Workout Officer III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Workout Officer III Salary $85,367 FL March 26, 2024
25th Percentile Commercial Loan Workout Officer III Salary $100,226 FL March 26, 2024
50th Percentile Commercial Loan Workout Officer III Salary $116,547 FL March 26, 2024
75th Percentile Commercial Loan Workout Officer III Salary $134,486 FL March 26, 2024
90th Percentile Commercial Loan Workout Officer III Salary $150,819 FL March 26, 2024
25% $100,226 10% $85,367 90% $150,819 75% $134,486 $116,547 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Loan Workout Officer III need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.

3.

Digital Transformation: The process of creating new or modifying existing non-digital business processes and services using digital technologies to meet the evolving market and customer needs.

Analysis 8.89%
Economics 2.22%
Digital Transformation 1.11%
Others 87.78%

Job Description for Commercial Loan Workout Officer III

Commercial Loan Workout Officer III 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 III works with loans of moderate to large size and complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer III typically reports to a manager or head of a unit/department. The Commercial Loan Workout Officer III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Commercial Loan Workout Officer III typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Loan Workout Officer III in Florida

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Location Avg. Salary Date Updated
Location Coconut Creek, FL Avg. Salary $118,510 Date Updated March 26, 2024
Location Alachua, FL Avg. Salary $110,904 Date Updated March 26, 2024
Location Alford, FL Avg. Salary $104,525 Date Updated March 26, 2024
Location Altamonte Springs, FL Avg. Salary $116,425 Date Updated March 26, 2024
Location Altha, FL Avg. Salary $107,224 Date Updated March 26, 2024
Location Altoona, FL Avg. Salary $112,990 Date Updated March 26, 2024
Location Alturas, FL Avg. Salary $115,566 Date Updated March 26, 2024
Location Alva, FL Avg. Salary $114,462 Date Updated March 26, 2024
Location Anna Maria, FL Avg. Salary $116,179 Date Updated March 26, 2024
Location Anthony, FL Avg. Salary $110,291 Date Updated March 26, 2024

Career Path for Commercial Loan Workout Officer III

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 III, the first career path typically progresses to Commercial Loan Workout Officer IV.

Additionally, the second career path typically starts with a Banking & Commercial Loan Workout Manager position, and then progresses to Loan Workout Manager.

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Commercial Loan Workout Officer III Salary in Florida
Commercial Loan Workout Officer III Salary Graph, Regional Distribution and Summary