How much does a Commercial Loan Workout Officer III make in California? The average Commercial Loan Workout Officer III salary in California is $135,012 as of February 26, 2024, but the range typically falls between $116,104 and $155,788. 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.

Commercial Loan Workout Officer III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Workout Officer III Salary $98,889 CA February 26, 2024
25th Percentile Commercial Loan Workout Officer III Salary $116,104 CA February 26, 2024
50th Percentile Commercial Loan Workout Officer III Salary $135,012 CA February 26, 2024
75th Percentile Commercial Loan Workout Officer III Salary $155,788 CA February 26, 2024
90th Percentile Commercial Loan Workout Officer III Salary $174,703 CA February 26, 2024
25% $116,104 10% $98,889 90% $174,703 75% $155,788 $135,012 50%(Median) Didn’t find job title? Click
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What skills does a Commercial 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.

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.

Digital Transformation: The process of creating new or modifying existing non-digital business processes and services using digital technologies to meet the evolving market and customer needs.

Analysis 8.89%
Economics 2.22%
Digital Transformation 1.11%
Others 87.78%

Job Description for Commercial Loan Workout Officer III

Commercial Loan Workout Officer III 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 III works with loans of moderate to large size and complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer III typically reports to a manager or head of a unit/department. The Commercial Loan Workout Officer III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Commercial Loan Workout Officer III typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Loan Workout Officer III in California

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Location Avg. Salary Date Updated
Location Coachella, CA Avg. Salary $129,941 Date Updated February 26, 2024
Location Acampo, CA Avg. Salary $130,520 Date Updated February 26, 2024
Location Acton, CA Avg. Salary $136,617 Date Updated February 26, 2024
Location Adelanto, CA Avg. Salary $129,794 Date Updated February 26, 2024
Location Adin, CA Avg. Salary $124,193 Date Updated February 26, 2024
Location Agoura Hills, CA Avg. Salary $134,263 Date Updated February 26, 2024
Location Aguanga, CA Avg. Salary $130,214 Date Updated February 26, 2024
Location Ahwahnee, CA Avg. Salary $121,915 Date Updated February 26, 2024
Location Alameda, CA Avg. Salary $149,333 Date Updated February 26, 2024
Location Alamo, CA Avg. Salary $148,991 Date Updated February 26, 2024

Career Path for Commercial 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 Commercial 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.

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Commercial Loan Workout Officer III Salary in California
Commercial Loan Workout Officer III Salary Graph, Regional Distribution and Summary