Home > Salary > Ecuador > Loan Workout Officer
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.
Estimated Yearly Salary: 267,633,622 ECS
Estimated Monthly Salary: 22,302,802 ECS
Estimated Weekly Salary: 5,146,800 ECS per week
Estimated Hourly Salary: 128,670 ECS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 21,551,926 ECS
Estimated Weekly Salary: 4,973,521 ECS per week
Estimated Hourly Salary: 124,338 ECS per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 9,476 USD
Estimated Monthly Salary: 790 USD
Estimated Weekly Salary: 182 USD per week
Estimated Hourly Salary: 5 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 267,633,622 ECS
Estimated Monthly Salary: 22,302,802 ECS
Estimated Weekly Salary: 5,146,800 ECS per week
Estimated Hourly Salary: 128,670 ECS per hour
By working as Loan Workout Officer a person can save up to 537 USD per month or 6,447 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 Ecuador, see costs of living in Ecuador.
Estimated Yearly Salary for Loan Workout Officer
Last revision of data: 2025-01-04
Data as of 2025
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Loan Workout Officer salary in Ecuador
Average Yearly Salary of Loan Workout Officer in Ecuador is approximately 267,633,622 ECS (9,476 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
Job industry: Banking
How much does Loan Workout Officer make?
Salary details
How much does Loan Workout Officer make?Estimated Yearly Salary: 267,633,622 ECS
Estimated Monthly Salary: 22,302,802 ECS
Estimated Weekly Salary: 5,146,800 ECS per week
Estimated Hourly Salary: 128,670 ECS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 258,623,108 ECSEstimated Monthly Salary: 21,551,926 ECS
Estimated Weekly Salary: 4,973,521 ECS per week
Estimated Hourly Salary: 124,338 ECS per hour
Last revision of data: 2024-01-02Loan Workout Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 9,476 USD
Estimated Monthly Salary: 790 USD
Estimated Weekly Salary: 182 USD per week
Estimated Hourly Salary: 5 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Ecuador is a country located in South America, bordered by Colombia to the north, Peru to the east and south, and the Pacific Ocean to the west. It has a population of approximately 17 million people and covers an area of about 283,561 square kilometers.
Estimated national average yearly salary is 163,662,470 ECS (6,310 USD). Value indicated is pre-tax. Below graph shows estimated Loan Workout Officer job salary compared to average salary in Ecuador.
Comparison shows that a person working as Loan Workout Officer in Ecuador earns on average:
1.64 times the average salary (or 164% of average salary).
Estimated national average yearly salary is 163,662,470 ECS (6,310 USD). Value indicated is pre-tax. Below graph shows estimated Loan Workout Officer job salary compared to average salary in Ecuador.
Comparison shows that a person working as Loan Workout Officer in Ecuador earns on average:
1.64 times the average salary (or 164% of average salary).
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 294,396,984 ECS and 388,068,752 ECS. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Workout Officer in Ecuador?
Living in Ecuador the approximate monthly expenses are: 252 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: 267,633,622 ECS
Estimated Monthly Salary: 22,302,802 ECS
Estimated Weekly Salary: 5,146,800 ECS per week
Estimated Hourly Salary: 128,670 ECS per hour
By working as Loan Workout Officer a person can save up to 537 USD per month or 6,447 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 Ecuador, see costs of living in Ecuador.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Colombia, Peru. 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
Colombia is 9,758 USD Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Ecuador
(1,855,980,438 ECS per year, pre-tax.)
2. Cardiologist
(1,555,155,042 ECS per year, pre-tax.)
(1,492,481,780 ECS per year, pre-tax.)
4. Neurosurgeon
(1,451,252,556 ECS per year, pre-tax.)
(1,445,038,889 ECS per year, pre-tax.)
(1,418,984,151 ECS per year, pre-tax.)
(1,418,715,651 ECS per year, pre-tax.)
(1,416,409,138 ECS per year, pre-tax.)
9. Oncologist
(1,414,323,101 ECS per year, pre-tax.)
10. Urologist
(1,413,729,680 ECS per year, pre-tax.)
Data as of 2025Random salary:
Offset press operator helper (112,773,019 ECS per year, pre-tax.)
Radio frequency (rf), optimization engineer (287,112,694 ECS per year, pre-tax.)
Casting machine operator (120,547,544 ECS per year, pre-tax.)
Radiation dosimetrist (364,318,601 ECS per year, pre-tax.)
Laboratory researcher (201,203,383 ECS per year, pre-tax.)
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