How much does a Banking & Commercial Loan Workout Manager make in District of Columbia? The average Banking & Commercial Loan Workout Manager salary in District of Columbia is $191,848 as of February 26, 2024, but the range typically falls between $164,364 and $221,734. 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.

Banking & Commercial Loan Workout Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Banking & Commercial Loan Workout Manager Salary $139,341 DC February 26, 2024
25th Percentile Banking & Commercial Loan Workout Manager Salary $164,364 DC February 26, 2024
50th Percentile Banking & Commercial Loan Workout Manager Salary $191,848 DC February 26, 2024
75th Percentile Banking & Commercial Loan Workout Manager Salary $221,734 DC February 26, 2024
90th Percentile Banking & Commercial Loan Workout Manager Salary $248,943 DC February 26, 2024
25% $164,364 10% $139,341 90% $248,943 75% $221,734 $191,848 50%(Median) Didn’t find job title? Click
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What skills does a Banking & Commercial Loan Workout Manager 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.

Portfolio Management: Portfolio management is the selection, prioritisation and control of an organisation's programmes and projects. The goal is to balance the implementation of change initiatives and the maintenance of business-as-usual, while optimising ROI.

3.

Support Services: Support Services means those activities provided to or on behalf of a person in the areas of personal care and assistance and property maintenance in order to allow a person to live in the least restrictive environment.

Analysis 6.67%
Portfolio Management 6.67%
Support Services 6.67%
Others 79.99%

Job Description for Banking & Commercial Loan Workout Manager

Banking & Commercial Loan Workout Manager manages a staff of professionals in restructuring problem business banking and commercial loans. Develops strategies to assist lenders and borrowers in establishing collateral, equity, or other assets. Being a Banking & Commercial Loan Workout Manager may require a bachelor's degree. Typically reports to a director. The Banking & Commercial Loan Workout Manager 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. To be a Banking & Commercial Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Banking & Commercial Loan Workout Manager in District of Columbia

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Location Avg. Salary Date Updated
Location Naval Anacost Annex, DC Avg. Salary $191,848 Date Updated February 26, 2024
Location Parcel Return Service, DC Avg. Salary $191,848 Date Updated February 26, 2024
Location Washington, DC Avg. Salary $191,848 Date Updated February 26, 2024
Location Washington Navy Yard, DC Avg. Salary $191,848 Date Updated February 26, 2024

Career Path for Banking & Commercial Loan Workout Manager

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 Banking & Commercial Loan Workout Manager, the first career path typically progresses to Loan Workout Manager.

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Banking & Commercial Loan Workout Manager Salary in District of Columbia
Banking & Commercial Loan Workout Manager Salary Graph, Regional Distribution and Summary