Loan Workout Manager Salary in the United States

How much does a Loan Workout Manager make in the United States? The average Loan Workout Manager salary in the United States is $147,043 as of April 27, 2019, but the range typically falls between $123,965 and $184,111. 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

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 2019 Salary.com)

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Average Base Salary

Core compensation

 
 
 
123965
184111
147043

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
128469
201416
148910
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Workout Manager in the United States. The base salary for Loan Workout Manager ranges from $123,965 to $184,111 with the average base salary of $147,043. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $128,469 to $201,416 with the average total cash compensation of $148,910.
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123965
184111

 

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Career Path for this job

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    Banking & Commercial Loan Workout Manager

    5 + years experience
    Bachelor's Degree

  2. This Job:

    Loan Workout Manager


    Bachelor's Degree

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