Banking & Commercial Loan Workout Manager Salary in Minnesota
Banking & Commercial Loan Workout Manager Salary in Minnesota
How much does a Banking & Commercial Loan Workout Manager make in Minnesota? The average Banking & Commercial Loan Workout Manager salary in Minnesota is $176,673 as of March 26, 2024, but the range typically falls between $151,362 and $204,192. 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 Banking & Commercial Loan Workout Manager Salary | $128,318 | MN | March 26, 2024 |
| 25th Percentile Banking & Commercial Loan Workout Manager Salary | $151,362 | MN | March 26, 2024 |
| 50th Percentile Banking & Commercial Loan Workout Manager Salary | $176,673 | MN | March 26, 2024 |
| 75th Percentile Banking & Commercial Loan Workout Manager Salary | $204,192 | MN | March 26, 2024 |
| 90th Percentile Banking & Commercial Loan Workout Manager Salary | $229,247 | MN | March 26, 2024 |
Summit Bank - Bend, OR
Albany Bank - Chicago, IL
Senior Commercial Loan Coordinator
Enterprise Bank & Trust - Clayton, MO
Hanmi Bank - Los Angeles, CA
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What skills does a Banking & Commercial 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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Portfolio Management: Portfolio management is the selection, prioritisation and control of an organisation's programmes and projects. The goal is to balance the implementation of change initiatives and the maintenance of business-as-usual, while optimising ROI.
Support Services: Support Services means those activities provided to or on behalf of a person in the areas of personal care and assistance and property maintenance in order to allow a person to live in the least restrictive environment.
Job Description for Banking & Commercial Loan Workout Manager
Banking & Commercial Loan Workout Manager manages a staff of professionals in restructuring problem business banking and commercial loans. Develops strategies to assist lenders and borrowers in establishing collateral, equity, or other assets. Being a Banking & Commercial Loan Workout Manager may require a bachelor's degree. Typically reports to a director. The Banking & Commercial Loan Workout Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Banking & Commercial Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description
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Select a city to view specific salary and bonus information for Banking & Commercial Loan Workout Manager
| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Lakeville, MN | Avg. Salary $182,026 | Date Updated March 26, 2024 |
| Location Minnetonka, MN | Avg. Salary $183,235 | Date Updated March 26, 2024 |
| Location Ada, MN | Avg. Salary $163,202 | Date Updated March 26, 2024 |
| Location Adams, MN | Avg. Salary $171,492 | Date Updated March 26, 2024 |
| Location Adolph, MN | Avg. Salary $166,829 | Date Updated March 26, 2024 |
| Location Adrian, MN | Avg. Salary $154,222 | Date Updated March 26, 2024 |
| Location Afton, MN | Avg. Salary $181,854 | Date Updated March 26, 2024 |
| Location Ah Gwah Ching, MN | Avg. Salary $165,793 | Date Updated March 26, 2024 |
| Location Aitkin, MN | Avg. Salary $167,001 | Date Updated March 26, 2024 |
| Location Akeley, MN | Avg. Salary $165,965 | Date Updated March 26, 2024 |
Career Path for Banking & Commercial Loan Workout Manager
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Banking & Commercial Loan Workout Manager, the first career path typically progresses to Loan Workout Manager.
What does a Banking & Commercial Loan Workout Manager do?
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About Minnesota
Similar Jobs to Banking & Commercial Loan Workout Manager
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Commercial Loan Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Loan Review Manager | Experience | 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 |
Level of Education for Banking & Commercial Loan Workout Manager
Jobs with different levels of education may pay very differently. Check the Banking & Commercial Loan Workout Manager salary of your education level.
- Banking & Commercial Loan Workout Manager Salaries with an Associate's Degree
- Banking & Commercial Loan Workout Manager Salaries with a Bachelor's Degree
- Banking & Commercial Loan Workout Manager Salaries with a Master's Degree or MBA
- Banking & Commercial Loan Workout Manager Salaries with a JD, MD, PhD or Equivalent
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A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Banking & Commercial Loan Workout Manager salary varies from category to category. Click below to see Banking & Commercial Loan Workout Manager salary in different categories.
About Minnesota Minnesota (/ˌmɪnɪˈsoʊtə/ (listen)) is a state in the Upper Midwest and northern regions of the United States. Minnesota was admitted as the 32nd U.S. ....More
Skills associated with Banking & Commercial Loan Workout Manager: Loss Mitigation, Banking Software, Negotiation, Debt Restructuring ...More
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