How much does a Loan Workout Manager make in Michigan? The average Loan Workout Manager salary in Michigan is $163,905 as of March 26, 2024, but the range typically falls between $138,192 and $205,208. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Loan Workout Manager Salary | $114,782 | MI | March 26, 2024 |
25th Percentile Loan Workout Manager Salary | $138,192 | MI | March 26, 2024 |
50th Percentile Loan Workout Manager Salary | $163,905 | MI | March 26, 2024 |
75th Percentile Loan Workout Manager Salary | $205,208 | MI | March 26, 2024 |
90th Percentile Loan Workout Manager Salary | $242,813 | MI | March 26, 2024 |
Hanmi Bank - Los Angeles, CA
Housing Counselor & Coordinator
Faith and Community Empowerment - Los Angeles, CA
Real Estate Transactions & Finance Associate (Attorney)
Anansys Staffing LLC - Los Angeles, CA
Special Assets/Loan Workout Officer/ Portfolio Manager/ Hybrid
SVI Recruiting Group - Manhattan Beach, CA
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.
Accountability: Setting and holding oneself and others to stated expectations by associating tasks with our business's mission, values, and goals.
Bond: Bonds are issued by borrowers to raise money from investors willing to lend them money for a certain amount of time.
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).
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
See user submitted job responsibilities for Loan Workout Manager.
Salary.com job board provides millions of Loan Workout Manager information for you to search for. Click on search button below to see Loan Workout Manager job openings or enter a new job title here.
Location | Avg. Salary | Date Updated |
---|---|---|
Location Taylor, MI | Avg. Salary $167,060 | Date Updated March 26, 2024 |
Location Acme, MI | Avg. Salary $156,266 | Date Updated March 26, 2024 |
Location Ada, MI | Avg. Salary $161,081 | Date Updated March 26, 2024 |
Location Addison, MI | Avg. Salary $166,894 | Date Updated March 26, 2024 |
Location Adrian, MI | Avg. Salary $164,403 | Date Updated March 26, 2024 |
Location Afton, MI | Avg. Salary $154,273 | Date Updated March 26, 2024 |
Location Ahmeek, MI | Avg. Salary $157,926 | Date Updated March 26, 2024 |
Location Akron, MI | Avg. Salary $154,439 | Date Updated March 26, 2024 |
Location Alanson, MI | Avg. Salary $154,273 | Date Updated March 26, 2024 |
Location Alba, MI | Avg. Salary $154,273 | Date Updated March 26, 2024 |
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Banking & Commercial Loan Workout Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Workout Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Workout Officer II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Workout Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Workout Officer IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Loan Workout Manager salary of your education level.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Loan Workout Manager salary varies from category to category. Click below to see Loan Workout Manager salary in different categories.
About Michigan Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th par....More
Skills associated with Loan Workout Manager: Loss Mitigation, Negotiation, Debt Restructuring, Banking Software ...More
Jobs with a similar salary range to Loan Workout Manager : Manager, Loan Operations
Salary estimation for Loan Workout Manager at companies like : Hfc Prestige International Us LLC, Professional Placement Resources LLC, Dbm Holdings LLC