How much does a Loan Workout Manager make? The median annual Loan Workout Manager salary is $142,114, as of September 27, 2017, with a range usually between $119,808-$177,940, however this can vary widely depending on a variety of factors. 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 Loan Workout Manager in the United States.
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This chart describes the expected percentage of people who perform the job of Loan Workout Manager in the United States that make less than that annual salary. For example the median expected annual pay for a typical Loan Workout Manager in the United States is $142,114, so 50% of the people who perform the job of Loan Workout Manager in the United States are expected to make less than $142,114.
Source: HR Reported data as of September 27, 2017
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This chart describes the expected percentage of people who perform the job of Loan Workout Manager that make less than that salary. For example 50% of the people who perform the job of Loan Workout Manager are expected to make less than the median.
Source: HR Reported data as of October 2017
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 full job description