How much does a Loan Workout Officer III earn in the United States? The average Loan Workout Officer III salary in the United States is $121,996 as of March 28, 2019, but the range typically falls between $106,779 and $137,142. 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 Cost of Living in Major Cities
Restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower and to facilitate collection. Works with the largest and highest complexity loans. Analyzes financial data and provides required reporting. May specialize in a particular loan type or industry. May guide and mentor junior team members. 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.
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Includes bonus, healthcare, and retirement
2 - 4 years experience
4 - 7 years experience
5 + years experience
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