Loan Workout Officer III Salary in Minnesota
Loan Workout Officer III Salary in Minnesota
How much does a Loan Workout Officer III make in Minnesota? The average Loan Workout Officer III salary in Minnesota is $141,973 as of March 26, 2024, but the range typically falls between $124,257 and $159,597. 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 Loan Workout Officer III Salary | $108,126 | MN | March 26, 2024 |
| 25th Percentile Loan Workout Officer III Salary | $124,257 | MN | March 26, 2024 |
| 50th Percentile Loan Workout Officer III Salary | $141,973 | MN | March 26, 2024 |
| 75th Percentile Loan Workout Officer III Salary | $159,597 | MN | March 26, 2024 |
| 90th Percentile Loan Workout Officer III Salary | $175,642 | MN | March 26, 2024 |
KBishop Funding - Austin, TX
Member Experience Officer (Teller/Loan Officer) - Bi lingual English/Spanish Speaking Preferred
Mountain America Credit Union - Chandler, AZ
CrossCountry Mortgage - Denver, CO
Big Block Premier Realty - Irvine, CA
- View Average Salary for United States
-
Select State
-
Select City in MN
-
Choose Similar Job
-
Pick Related Category
- View Cost of Living in Minnesota
What skills does a 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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Promotion: Developing and implementing promotional activities to attract and increase the awareness of customers in buying products.
BI: Business intelligence (BI) is a technology-driven process for analyzing data and delivering actionable information that helps executives, managers and workers make informed business decisions.
Job Description for Loan Workout Officer III
Loan Workout Officer III 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. Being a Loan Workout Officer III analyzes financial data and provides required reporting. May specialize in a particular loan type or industry. Additionally, Loan Workout Officer III may guide and mentor junior team members. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Loan Workout Officer III typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)... View full job description
See user submitted job responsibilities for Loan Workout Officer III.
Search Job Openings
Salary.com job board provides millions of Loan Workout Officer III information for you to search for. Click on search button below to see Loan Workout Officer III job openings or enter a new job title here.
Select a city to view specific salary and bonus information for Loan Workout Officer III
| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Lakeville, MN | Avg. Salary $146,276 | Date Updated March 26, 2024 |
| Location Minnetonka, MN | Avg. Salary $147,247 | Date Updated March 26, 2024 |
| Location Ada, MN | Avg. Salary $131,148 | Date Updated March 26, 2024 |
| Location Adams, MN | Avg. Salary $137,810 | Date Updated March 26, 2024 |
| Location Adolph, MN | Avg. Salary $134,063 | Date Updated March 26, 2024 |
| Location Adrian, MN | Avg. Salary $123,932 | Date Updated March 26, 2024 |
| Location Afton, MN | Avg. Salary $146,137 | Date Updated March 26, 2024 |
| Location Ah Gwah Ching, MN | Avg. Salary $133,230 | Date Updated March 26, 2024 |
| Location Aitkin, MN | Avg. Salary $134,202 | Date Updated March 26, 2024 |
| Location Akeley, MN | Avg. Salary $133,369 | Date Updated March 26, 2024 |
Career Path for 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 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.
What does a Loan Workout Officer III do?
Are you an HR manager or compensation specialist?
Salary.com's CompAnalyst platform offers:
- Detailed skills and competency reports for specific positions
- Job and employee pricing reports
- Compensation data tools, salary structures, surveys and benchmarks.
About Minnesota
Similar Jobs to Loan Workout Officer III
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Commercial Loan Officer III | 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 II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Workout Officer IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
Level of Education for Loan Workout Officer III
Jobs with different levels of education may pay very differently. Check the Loan Workout Officer III salary of your education level.
View Salary Data for All Nearby Cities
Most Popular Cities for Loan Workout Officer III Job
- Sioux Falls, SD Loan Workout Officer III
- Honolulu, HI Loan Workout Officer III
- Los Angeles, CA Loan Workout Officer III
- Buffalo, NY Loan Workout Officer III
- Providence, RI Loan Workout Officer III
- Denver, CO Loan Workout Officer III
- Tacoma, WA Loan Workout Officer III
- Stamford, CT Loan Workout Officer III
- Ogden, UT Loan Workout Officer III
- Chicago, IL Loan Workout Officer III
Browse All Banking Jobs by Salary Level
Browse Related Job Categories With Loan Workout Officer III
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Loan Workout Officer III salary varies from category to category. Click below to see Loan Workout Officer III salary in different categories.
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 Loan Workout Officer III: Loan Software, Banking Software, Loss Mitigation, Negotiation ...More
Salary estimation for Loan Workout Officer III at companies like : Public Waste Center, aspxSdi Trenton Holdings LLC, YLY Co
