How much does a Loan Workout Manager make in Kentucky? The average Loan Workout Manager salary in Kentucky is $156,266 as of March 26, 2024, but the range typically falls between $131,751 and $195,644. 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.

Loan Workout Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Workout Manager Salary $109,432 KY March 26, 2024
25th Percentile Loan Workout Manager Salary $131,751 KY March 26, 2024
50th Percentile Loan Workout Manager Salary $156,266 KY March 26, 2024
75th Percentile Loan Workout Manager Salary $195,644 KY March 26, 2024
90th Percentile Loan Workout Manager Salary $231,497 KY March 26, 2024
25% $131,751 10% $109,432 90% $231,497 75% $195,644 $156,266 50%(Median) Didn’t find job title? Click
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What skills does a 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.

Accountability: Setting and holding oneself and others to stated expectations by associating tasks with our business's mission, values, and goals.

2.

Bond: Bonds are issued by borrowers to raise money from investors willing to lend them money for a certain amount of time.

3.

Consumer Loans: a consumer loan is any type of loan made to a consumer by a creditor. The loan can be secured (backed by the assets of the borrower) or unsecured (not backed by the assets of the borrower).

Accountability 5.26%
Bond 5.26%
Consumer Loans 5.26%
Others 84.22%

Job Description for Loan Workout Manager

Loan Workout Manager directs and manages a team of professionals in restructuring commercial loans. Works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Being a Loan Workout Manager is responsible for collecting potential loans that are viable. Develops programs and manages strategies to reach performance goals. Additionally, Loan Workout Manager provides guidance and oversight on high complexity or challenging loans. Requires a bachelor's degree. Typically reports to a head of a unit/department. The Loan Workout Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Loan Workout Manager typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Loan Workout Manager in Kentucky

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Location Avg. Salary Date Updated
Location Aberdeen, KY Avg. Salary $148,129 Date Updated March 26, 2024
Location Adairville, KY Avg. Salary $150,786 Date Updated March 26, 2024
Location Adams, KY Avg. Salary $146,302 Date Updated March 26, 2024
Location Adolphus, KY Avg. Salary $155,269 Date Updated March 26, 2024
Location Ages Brookside, KY Avg. Salary $144,973 Date Updated March 26, 2024
Location Albany, KY Avg. Salary $151,118 Date Updated March 26, 2024
Location Alexandria, KY Avg. Salary $162,244 Date Updated March 26, 2024
Location Allen, KY Avg. Salary $146,302 Date Updated March 26, 2024
Location Allensville, KY Avg. Salary $149,125 Date Updated March 26, 2024
Location Almo, KY Avg. Salary $148,129 Date Updated March 26, 2024
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Loan Workout Manager Salary in Kentucky
Loan Workout Manager Salary Graph, Regional Distribution and Summary