Loan Workout Officer salary in Czech Republic

Average Yearly Salary of Loan Workout Officer in Czech Republic is approximately 958,582 CZK (39,830 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Loan Workout Officer do?

A loan workout officer is responsible for managing and resolving troubled loans within a financial institution. They work closely with borrowers who are struggling to make their loan payments, aiming to find solutions that benefit both the borrower and the lender. The officer evaluates the borrower's financial situation, analyzes repayment options, negotiates new terms, and develops strategies to minimize losses for the institution. They may also facilitate loan modifications, extensions, or refinancing arrangements. Additionally, loan workout officers monitor loan performance, identify potential risks, and recommend appropriate actions to mitigate them. Strong analytical and negotiation skills are essential for this role, as well as a thorough understanding of lending regulations and financial markets.

Skills: Loan workout officer, Loan management, Financial analysis, Negotiation skills, Risk mitigation, Lending regulations
Job industry: Banking

How much does Loan Workout Officer make?

Difference in salary year over year or average salary increase is approximately 4 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Loan Workout Officer a well paid job?

Yes, our data shows that Loan Workout Officer is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Loan Workout Officer?

High salary for Loan Workout Officer would be somewhere between 1,054,440 CZK and 1,389,944 CZK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Loan Workout Officer in Czech Republic?

Living in Czech Republic the approximate monthly expenses are: 1,064 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 958,582 CZK
Estimated Monthly Salary: 79,882 CZK
Estimated Weekly Salary: 18,434 CZK per week
Estimated Hourly Salary: 461 CZK per hour
By working as Loan Workout Officer a person can save up to 2,256 USD per month or 27,067 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Czech Republic, see costs of living in Czech Republic.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Germany, Austria, Slovakia, Poland.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Loan Workout Officer

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Czech Republic

Data as of 2025

Random salary:
Assistant director of operations (585,152 CZK per year, pre-tax.)
Web engineer (740,500 CZK per year, pre-tax.)
Vice president branch manager banking (939,048 CZK per year, pre-tax.)
Analytical chemist (533,369 CZK per year, pre-tax.)
Search engine optimization specialist (590,332 CZK per year, pre-tax.)

Feedback about these results