Salary for
Banking & Commercial Loan Workout Manager in the United States

How much does a Banking & Commercial Loan Workout Manager earn in the United States? The average Banking & Commercial Loan Workout Manager salary in the United States is $152,346 as of March 28, 2019, but the range typically falls between $130,488 and $176,087. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, helps you determine your exact pay target.  View Cost of Living in Major Cities

Job Description

Manages a staff of professionals in restructuring problem business banking and commercial loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. May require a bachelor's degree. Typically reports to top management. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. Typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required.

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These charts show the average base salary (core compensation), as well as the average total compensation for the job of Banking & Commercial Loan Workout Manager in the United States. The base salary for Banking & Commercial Loan Workout Manager ranges from $130,488 to $176,087 with the average base salary of $152,346. The total compensation, which includes bonus, health and retirement, can vary anywhere from $147,978 to $212,742 with the average total compensation of $173,416.
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Career Path for this job

  1. Down a level:

    Loan Workout Officer III

    4 - 7 years experience
    Bachelor's Degree

  2. This Job:

    Banking & Commercial Loan Workout Manager

    5 + years experience
    Bachelor's Degree

  3. Up a level:

    Loan Workout Manager

    Bachelor's Degree

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Job Openings for Banking & Commercial Loan Workout Manager