Commercial Loan Workout Officer II Salary in Minnesota
Commercial Loan Workout Officer II Salary in Minnesota
How much does a Commercial Loan Workout Officer II make in Minnesota? The average Commercial Loan Workout Officer II salary in Minnesota is $93,102 as of March 26, 2024, but the range typically falls between $80,739 and $110,218. 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.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Commercial Loan Workout Officer II Salary | $69,482 | MN | March 26, 2024 |
| 25th Percentile Commercial Loan Workout Officer II Salary | $80,739 | MN | March 26, 2024 |
| 50th Percentile Commercial Loan Workout Officer II Salary | $93,102 | MN | March 26, 2024 |
| 75th Percentile Commercial Loan Workout Officer II Salary | $110,218 | MN | March 26, 2024 |
| 90th Percentile Commercial Loan Workout Officer II Salary | $125,801 | MN | March 26, 2024 |
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What skills does a Commercial Loan Workout Officer II need?
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Job Description for Commercial Loan Workout Officer II
Commercial Loan Workout Officer II 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 II works with loans of moderate size and complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer II typically reports to a manager or head of a unit/department. The Commercial Loan Workout Officer II gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Commercial Loan Workout Officer II typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)... View full job description
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| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Lakeville, MN | Avg. Salary $95,923 | Date Updated March 26, 2024 |
| Location Minnetonka, MN | Avg. Salary $96,560 | Date Updated March 26, 2024 |
| Location Ada, MN | Avg. Salary $86,003 | Date Updated March 26, 2024 |
| Location Adams, MN | Avg. Salary $90,372 | Date Updated March 26, 2024 |
| Location Adolph, MN | Avg. Salary $87,915 | Date Updated March 26, 2024 |
| Location Adrian, MN | Avg. Salary $81,271 | Date Updated March 26, 2024 |
| Location Afton, MN | Avg. Salary $95,832 | Date Updated March 26, 2024 |
| Location Ah Gwah Ching, MN | Avg. Salary $87,369 | Date Updated March 26, 2024 |
| Location Aitkin, MN | Avg. Salary $88,006 | Date Updated March 26, 2024 |
| Location Akeley, MN | Avg. Salary $87,460 | Date Updated March 26, 2024 |
Career Path for Commercial Loan Workout Officer II
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 II, the first career path typically starts with a Commercial Loan Workout Officer III position, and then progresses to Commercial Loan Workout Officer IV.
Additionally, the second career path typically starts with a Loan Workout Officer III position, and then progresses to Banking & Commercial Loan Workout Manager.
What does a Commercial Loan Workout Officer II do?
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Similar Jobs to Commercial Loan Workout Officer II
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
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| Job Title Banking & Commercial Loan Workout Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Officer II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Review Officer II | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Level of Education for Commercial Loan Workout Officer II
Jobs with different levels of education may pay very differently. Check the Commercial Loan Workout Officer II salary of your education level.
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About Minnesota Minnesota (/ˌmɪnɪˈsoʊtə/ (listen)) is a state in the Upper Midwest and northern regions of the United States. Minnesota was admitted as the 32nd U.S. ....More
Skills associated with Commercial Loan Workout Officer II: Negotiation, Loss Mitigation, Loan Software, Debt Restructuring ...More
Salary estimation for Commercial Loan Workout Officer II at companies like : Patton Elementary School, Spring Communication Holding, Hempstead Hispanic Civic Assoc Inc
