How much does a Commercial Loan Workout Officer II make in Washington? The average Commercial Loan Workout Officer II salary in Washington is $97,444 as of February 26, 2024, but the range typically falls between $84,504 and $115,357. 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.

Commercial Loan Workout Officer II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Workout Officer II Salary $72,723 WA February 26, 2024
25th Percentile Commercial Loan Workout Officer II Salary $84,504 WA February 26, 2024
50th Percentile Commercial Loan Workout Officer II Salary $97,444 WA February 26, 2024
75th Percentile Commercial Loan Workout Officer II Salary $115,357 WA February 26, 2024
90th Percentile Commercial Loan Workout Officer II Salary $131,666 WA February 26, 2024
25% $84,504 10% $72,723 90% $131,666 75% $115,357 $97,444 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Loan Workout Officer II 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.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.

3.

Digital Transformation: The process of creating new or modifying existing non-digital business processes and services using digital technologies to meet the evolving market and customer needs.

Analysis 8.89%
Economics 2.22%
Digital Transformation 1.11%
Others 87.78%

Job Description for Commercial Loan Workout Officer II

Commercial Loan Workout Officer II restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Officer II works with loans of moderate size and complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer II typically reports to a manager or head of a unit/department. The Commercial 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 Commercial 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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Job Openings for Commercial Loan Workout Officer II in Washington

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Location Avg. Salary Date Updated
Location Aberdeen, WA Avg. Salary $93,768 Date Updated February 26, 2024
Location Acme, WA Avg. Salary $93,153 Date Updated February 26, 2024
Location Addy, WA Avg. Salary $88,679 Date Updated February 26, 2024
Location Adna, WA Avg. Salary $93,768 Date Updated February 26, 2024
Location Airway Heights, WA Avg. Salary $89,406 Date Updated February 26, 2024
Location Albion, WA Avg. Salary $88,679 Date Updated February 26, 2024
Location Allyn, WA Avg. Salary $97,749 Date Updated February 26, 2024
Location Almira, WA Avg. Salary $88,679 Date Updated February 26, 2024
Location Amanda Park, WA Avg. Salary $93,768 Date Updated February 26, 2024
Location Amboy, WA Avg. Salary $93,712 Date Updated February 26, 2024

Career Path for Commercial Loan Workout Officer II

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 Commercial 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.

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Commercial Loan Workout Officer II Salary in Washington
Commercial Loan Workout Officer II Salary Graph, Regional Distribution and Summary