How much does a Loan Workout Officer I make in New Mexico? The average Loan Workout Officer I salary in New Mexico is $65,875 as of March 26, 2024, but the range typically falls between $58,783 and $77,791. 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.

Loan Workout Officer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Workout Officer I Salary $52,325 NM March 26, 2024
25th Percentile Loan Workout Officer I Salary $58,783 NM March 26, 2024
50th Percentile Loan Workout Officer I Salary $65,875 NM March 26, 2024
75th Percentile Loan Workout Officer I Salary $77,791 NM March 26, 2024
90th Percentile Loan Workout Officer I Salary $88,640 NM March 26, 2024
25% $58,783 10% $52,325 90% $88,640 75% $77,791 $65,875 50%(Median) Didn’t find job title? Click
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What skills does a Loan Workout Officer I 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.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.

3.

Law Enforcement: Law enforcement is any system by which some members of society act in an organized manner to enforce the law by discovering, deterring, rehabilitating, or punishing people who violate the rules and norms governing that society. Although the term encompasses entities such as courts and prisons, it is most frequently applied to those who directly engage in patrols or surveillance to dissuade and discover criminal activity, and those who investigate crimes and apprehend offenders, a task typically carried out by the police or another law enforcement organization. Furthermore, although law enforcement may be most concerned with the prevention and punishment of crimes, organizations exist to discourage a wide variety of non-criminal violations of rules and norms, effected through the imposition of less severe consequences.

Analysis 6.93%
Economics 2.97%
Law Enforcement 1.98%
Others 88.12%

Job Description for Loan Workout Officer I

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. Being a Loan Workout Officer I typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Workout Officer I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Loan Workout Officer I in New Mexico

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Location Avg. Salary Date Updated
Location Sunland Park, NM Avg. Salary $62,231 Date Updated March 26, 2024
Location Abiquiu, NM Avg. Salary $66,447 Date Updated March 26, 2024
Location Alamogordo, NM Avg. Salary $63,732 Date Updated March 26, 2024
Location Albuquerque, NM Avg. Salary $67,161 Date Updated March 26, 2024
Location Alcalde, NM Avg. Salary $66,447 Date Updated March 26, 2024
Location Algodones, NM Avg. Salary $66,304 Date Updated March 26, 2024
Location Alto, NM Avg. Salary $62,660 Date Updated March 26, 2024
Location Amalia, NM Avg. Salary $66,447 Date Updated March 26, 2024
Location Amistad, NM Avg. Salary $64,375 Date Updated March 26, 2024
Location Angel Fire, NM Avg. Salary $66,447 Date Updated March 26, 2024

Career Path for Loan Workout Officer I

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 I, the first career path typically starts with a Commercial Loan Workout Officer II position, and then progresses to Commercial Loan Workout Officer IV.

Additionally, the second career path typically starts with a Loan Workout Officer II position, and then progresses to Banking & Commercial Loan Workout Manager.

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Loan Workout Officer I Salary in New Mexico
Loan Workout Officer I Salary Graph, Regional Distribution and Summary