Loan Workout Officer I Salary in the United States

How much does a Loan Workout Officer I make in the United States? The average Loan Workout Officer I salary in the United States is $63,029 as of April 27, 2019, but the range typically falls between $56,233 and $74,431. 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 Officer I restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Works with small- and mid-size loans of little to medium complexity. Being a Loan Workout Officer I typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a 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

 
 
 
56233
74431
63029

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
58136
82025
66845
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Workout Officer I in the United States. The base salary for Loan Workout Officer I ranges from $56,233 to $74,431 with the average base salary of $63,029. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $58,136 to $82,025 with the average total cash compensation of $66,845.
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56233
74431

 

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Career Path for this job

  1. This Job:

    Loan Workout Officer I

    0 - 2 years experience
    Bachelor's Degree

  2. Up a level:

    Loan Workout Officer II

    2 - 4 years experience
    Bachelor's Degree

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Job Openings for Loan Workout Officer I