As of April 01, 2025, the average annual salary for a Loan Workout Officer in Kentucky is $90,127. Salary.com reports that pay typically ranges from $75,599 to $106,248, with most professionals earning between $62,372 and $120,925.
9:00 AM-9:30 AM
9:30 AM-10:00 AM
10:00 AM-10:30 AM
10:30 AM-11:00 AM
11:00 AM-11:30 AM
11:30 AM-12:00 PM
12:00 PM-12:30 PM
12:30 PM-1:00 PM
1:00 PM-1:30 PM
1:30 PM-2:00 PM
2:00 PM-2:30 PM
2:30 PM-3:00 PM
3:00 PM-3:30 PM
3:30 PM-4:00 PM
4:00 PM-4:30 PM
4:30 PM-5:00 PM
5:00 PM-5:30 PM
5:30 PM-6:00 PM
6:00 PM-6:30 PM
6:30 PM-7:00 PM
7:00 PM-7:30 PM
7:30 PM-8:00 PM
A Loan Workout Officer is responsible for managing and negotiating the restructuring of delinquent or non-performing loans. They work with borrowers to develop and implement workout plans that will help them bring their loans back into good standing. This may involve modifying loan terms, extending repayment periods, or finding alternative solutions to help borrowers meet their financial obligations. Loan Workout Officers also work closely with internal teams and external partners to assess the financial health of borrowers and develop strategies to minimize losses for the lending institution. Additionally, they may be involved in monitoring and reporting on the progress of workout plans and making recommendations for further action if necessary. Strong communication, negotiation, and analytical skills are essential for success in this role.
See user submitted job responsibilities for Loan Workout Officer.
| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Aberdeen, KY | Avg. Salary $85,434 | Date Updated April 01, 2025 |
| Location Adairville, KY | Avg. Salary $87,177 | Date Updated April 01, 2025 |
| Location Adams, KY | Avg. Salary $84,400 | Date Updated April 01, 2025 |
| Location Adolphus, KY | Avg. Salary $90,252 | Date Updated April 01, 2025 |
| Location Ages Brookside, KY | Avg. Salary $83,576 | Date Updated April 01, 2025 |
| Location Albany, KY | Avg. Salary $87,206 | Date Updated April 01, 2025 |
| Location Alexandria, KY | Avg. Salary $92,991 | Date Updated April 01, 2025 |
| Location Allen, KY | Avg. Salary $84,400 | Date Updated April 01, 2025 |
| Location Allensville, KY | Avg. Salary $86,047 | Date Updated April 01, 2025 |
| Location Almo, KY | Avg. Salary $85,434 | Date Updated April 01, 2025 |
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectAbout Kentucky Kentucky (/kənˈtʌki/ (listen) kən-TUK-ee), officially the Commonwealth of Kentucky, is a state located in the east south-central region of the United ....More
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role