How much does a Loan Workout Officer III make? The median annual Loan Workout Officer III salary is $117,877, as of September 27, 2017, with a range usually between $103,181-$132,524, 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 Officer III in the United States.
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This chart describes the expected percentage of people who perform the job of Loan Workout Officer III in the United States that make less than that annual salary. For example the median expected annual pay for a typical Loan Workout Officer III in the United States is $117,877, so 50% of the people who perform the job of Loan Workout Officer III in the United States are expected to make less than $117,877.
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 Officer III that make less than that salary. For example 50% of the people who perform the job of Loan Workout Officer III are expected to make less than the median.
Source: HR Reported data as of October 2017
Restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower and to facilitate collection. Works with the largest and highest complexity loans. Analyzes financial data and provides required reporting. May specialize in a particular loan type or industry. May guide and mentor junior team members. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Typically requires 4 to 7 years of related experience. View full job description