Commercial Loan Workout Officer I Salary in the United States

How much does a Commercial Loan Workout Officer I make in the United States? The average Commercial Loan Workout Officer I salary in the United States is $59,161 as of April 27, 2019, but the range typically falls between $54,530 and $68,347. 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.  View the Cost of Living in Major Cities

Job Description

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 2019 Salary.com)

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Average Base Salary

Core compensation

 
 
 
54530
68347
59161

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
57429
74502
63778
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 the United States. The base salary for Commercial Loan Workout Officer I ranges from $54,530 to $68,347 with the average base salary of $59,161. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $57,429 to $74,502 with the average total cash compensation of $63,778.
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54530
68347

 

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Career Path for this job

  1. This Job:

    Commercial Loan Workout Officer I

    0 - 2 years experience
    Bachelor's Degree

  2. Up a level:

    Commercial Loan Workout Officer II

    2 - 4 years experience
    Bachelor's Degree

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Job Openings for Commercial Loan Workout Officer I