How much does a Loan Workout Officer II make in Rhode Island? The average Loan Workout Officer II salary in Rhode Island is $96,631 as of February 26, 2024, but the range typically falls between $80,711 and $113,890. 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 Officer II Salary | $66,217 | RI | February 26, 2024 |
25th Percentile Loan Workout Officer II Salary | $80,711 | RI | February 26, 2024 |
50th Percentile Loan Workout Officer II Salary | $96,631 | RI | February 26, 2024 |
75th Percentile Loan Workout Officer II Salary | $113,890 | RI | February 26, 2024 |
90th Percentile Loan Workout Officer II Salary | $129,604 | RI | February 26, 2024 |
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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.
Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
Tax Return: Calculating an entity’s income earned with the amount of tax payable to the government, organizations, or potential taxpayers.
Loan Workout Officer II restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower and to facilitate collection. Works with mid- and large-size loans of medium to high complexity. Being a Loan Workout Officer II analyzes financial data and provides required reporting. May specialize in a particular loan type or industry. Additionally, Loan Workout Officer II typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer II gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Loan Workout Officer II typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)... View full job description
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Coventry, RI | Avg. Salary $96,907 | Date Updated February 26, 2024 |
Location Cumberland, RI | Avg. Salary $97,091 | Date Updated February 26, 2024 |
Location East Providence, RI | Avg. Salary $97,091 | Date Updated February 26, 2024 |
Location Narragansett, RI | Avg. Salary $97,514 | Date Updated February 26, 2024 |
Location Tiverton, RI | Avg. Salary $98,014 | Date Updated February 26, 2024 |
Location Westerly, RI | Avg. Salary $98,109 | Date Updated February 26, 2024 |
Location Woonsocket, RI | Avg. Salary $96,999 | Date Updated February 26, 2024 |
Location Adamsville, RI | Avg. Salary $97,983 | Date Updated February 26, 2024 |
Location Albion, RI | Avg. Salary $97,091 | Date Updated February 26, 2024 |
Location Ashaway, RI | Avg. Salary $98,319 | Date Updated February 26, 2024 |
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 Loan Workout Officer II, the first career path typically starts with a Commercial Loan Workout Officer III position, and then progresses to Commercial Loan Workout Officer IV.
Additionally, the second career path typically starts with a Loan Workout Officer III position, and then progresses to Banking & Commercial Loan Workout Manager.
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Commercial Loan Officer II | Experience 2 - 4 | 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 Officer II 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 Officer II salary varies from category to category. Click below to see Loan Workout Officer II salary in different categories.
About Rhode Island Rhode Island (/ˌroʊd -/ (listen)), officially the State of Rhode Island and Providence Plantations, is a state in the New England region of the United....More
Skills associated with Loan Workout Officer II: Loss Mitigation, Negotiation, Debt Restructuring, Loan Software ...More
Jobs with a similar salary range to Loan Workout Officer II : Senior Loan Originator, Loan Workout Officer
Salary estimation for Loan Workout Officer II at companies like : CAP2 GmbH, Umic Government Securities Inc, The Questions Experience Community