How much does a Commercial Loan Workout Officer I make in Pasadena, CA? The average Commercial Loan Workout Officer I salary in Pasadena, CA is $75,200 as of February 26, 2024, but the range typically falls between $69,320 and $86,881. 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, Salary.com helps you determine your exact pay target. 

Commercial Loan Workout Officer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Workout Officer I Salary $63,966 Pasadena,CA February 26, 2024
25th Percentile Commercial Loan Workout Officer I Salary $69,320 Pasadena,CA February 26, 2024
50th Percentile Commercial Loan Workout Officer I Salary $75,200 Pasadena,CA February 26, 2024
75th Percentile Commercial Loan Workout Officer I Salary $86,881 Pasadena,CA February 26, 2024
90th Percentile Commercial Loan Workout Officer I Salary $97,516 Pasadena,CA February 26, 2024
25% $69,320 10% $63,966 90% $97,516 75% $86,881 $75,200 50%(Median) Didn’t find job title? Click
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What skills does a Commercial 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.

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 I

Commercial Loan Workout Officer I 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 I works with small to moderate size loans of little complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer I typically reports to a supervisor or manager. The Commercial Loan Workout Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Commercial 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 Commercial Loan Workout Officer I in Pasadena, CA

Career Path for Commercial 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 Commercial 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.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Commercial Loan Workout Officer I salary varies from city to city. Compared with national average salary of Commercial Loan Workout Officer I, the highest Commercial Loan Workout Officer I salary is in San Francisco, CA, where the Commercial Loan Workout Officer I salary is 25.0% above. The lowest Commercial Loan Workout Officer I salary is in Miami, FL, where the Commercial Loan Workout Officer I salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Commercial Loan Workout Officer I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
69320
86881
75200

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
73000
94712
81072
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Workout Officer I in Pasadena, CA. The base salary for Commercial Loan Workout Officer I ranges from $69,320 to $86,881 with the average base salary of $75,200. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $73,000 to $94,712 with the average total cash compensation of $81,072.
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69320
86881

 

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About Pasadena, California    Pasadena is a city in Los Angeles County, California, United States, located 10 miles (16 kilometers) northeast of Downtown Los Angeles. The estimate....More

Pasadena, California  area prices were up 3.2% from a year ago    View the Cost of Living in Pasadena, California

Commercial Loan Workout Officer I Salary in popular cities: Los AngelesSan DiegoSan Jose

Skills associated with Commercial Loan Workout Officer I: Banking Software, Loss Mitigation, Debt Restructuring, Loan Software ...More

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