Commercial Loan Workout Officer III Salary in the United States

How much does a Commercial Loan Workout Officer III make in the United States? The average Commercial Loan Workout Officer III salary in the United States is $108,384 as of April 27, 2019, but the range typically falls between $93,219 and $125,067. 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

Restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Works with loans of moderate to large size and complexity. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Typically requires 4 to 7 years of related experience. (Copyright 2019 Salary.com)

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Average Base Salary

Core compensation

 
 
 
93219
125067
108384

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
101271
148532
126169
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 III in the United States. The base salary for Commercial Loan Workout Officer III ranges from $93,219 to $125,067 with the average base salary of $108,384. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $101,271 to $148,532 with the average total cash compensation of $126,169.
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93219
125067

 

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Career Path for this job

  1. Down a level:

    Commercial Loan Workout Officer II

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Commercial Loan Workout Officer III

    4 - 7 years experience
    Bachelor's Degree

  3. Up a level:

    Commercial Loan Workout Officer IV

    7 + years experience
    Bachelor's Degree

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Job Openings for Commercial Loan Workout Officer III