How much does a Loan Workout Manager make in Utah? The average Loan Workout Manager salary in Utah is $158,268 as of April 24, 2024, but the range typically falls between $133,436 and $198,151. 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 | $110,828 | UT | April 24, 2024 |
25th Percentile Loan Workout Manager Salary | $133,436 | UT | April 24, 2024 |
50th Percentile Loan Workout Manager Salary | $158,268 | UT | April 24, 2024 |
75th Percentile Loan Workout Manager Salary | $198,151 | UT | April 24, 2024 |
90th Percentile Loan Workout Manager Salary | $234,462 | UT | April 24, 2024 |
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
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Lehi, UT | Avg. Salary $154,274 | Date Updated April 24, 2024 |
Location Alpine, UT | Avg. Salary $162,429 | Date Updated April 24, 2024 |
Location Altamont, UT | Avg. Salary $161,097 | Date Updated April 24, 2024 |
Location Alton, UT | Avg. Salary $160,099 | Date Updated April 24, 2024 |
Location Altonah, UT | Avg. Salary $161,097 | Date Updated April 24, 2024 |
Location American Fork, UT | Avg. Salary $154,773 | Date Updated April 24, 2024 |
Location Aneth, UT | Avg. Salary $160,764 | Date Updated April 24, 2024 |
Location Annabella, UT | Avg. Salary $152,776 | Date Updated April 24, 2024 |
Location Antimony, UT | Avg. Salary $152,776 | Date Updated April 24, 2024 |
Location Aurora, UT | Avg. Salary $152,776 | Date Updated April 24, 2024 |
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
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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.
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About Utah Utah is known for its natural diversity and is home to features ranging from arid deserts with sand dunes to thriving pine forests in mountain valleys....More
Skills associated with Loan Workout Manager: Debt Restructuring, Negotiation, Banking Software, Loan 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