Loan Workout Officer I Salaries

View Loan Workout Officer I Hourly Wages

Alternate Job Titles: Entry Level Loan Workout Officer, Loan Workout Officer I

What is the average annual salary for Loan Workout Officer I?
The annual salary for someone with the job title 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 Loan Workout Officer I in the United States.

This chart describes the expected percentage of people who perform the job of Loan Workout Officer I in the United States that make less than that annual salary. For example the median expected annual pay for a typical Loan Workout Officer I in the United States is $56,800 so 50% of the people who perform the job of Loan Workout Officer I in the United Sates are expected to make less than $56,800.

Source: HR Reported data as of October 2014

Median $56,800
  • 10%$42,971
  • 25%$49,562
  • 75%$69,327
  • 90%$80,731

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Job Description for Loan Workout Officer I

Restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Works with small- and mid-size loans of little to medium complexity. May require a bachelor's degree in area of specialty and 1-3 years of experience in the field or in a related area. Familiar with standard concepts, practices, and procedures within a particular field. Relies on limited experience and judgment to plan and accomplish goals. Performs a variety of tasks. Works under general supervision. A certain degree of creativity and latitude is required. Typically reports to a manager or head of a unit/department. View Loan Workout Officer I job description

View Banking Jobs by Salary Range: <$30K, $30K–$50K, $50K–$80K, $80K–$100K, >$100K

Categories:  Banking, Entry Level, Financial Services

Industries:  Business Services, Financial Services

Similar Job Titles:  Commercial Loan Workout Officer I, Loan Workout Officer II, Loan Workout Officer III, Mortgage Loan Officer I, Commercial Loan Officer I, Commercial Loan Workout Officer IV, Commercial Loan Workout Officer II, Commercial Loan Workout Officer III, Commercial Loan Business Development Officer I

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