Home > Salary > Ethiopia > 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: 172,587 ETB
Estimated Monthly Salary: 14,382 ETB
Estimated Weekly Salary: 3,319 ETB per week
Estimated Hourly Salary: 83 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 13,915 ETB
Estimated Weekly Salary: 3,211 ETB per week
Estimated Hourly Salary: 80 ETB per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 2,890 USD
Estimated Monthly Salary: 241 USD
Estimated Weekly Salary: 56 USD per week
Estimated Hourly Salary: 1 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: 172,587 ETB
Estimated Monthly Salary: 14,382 ETB
Estimated Weekly Salary: 3,319 ETB per week
Estimated Hourly Salary: 83 ETB per hour
By working as Loan Workout Officer a person can save up to 164 USD per month or 1,968 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 Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Loan Workout Officer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Loan Workout Officer salary in Ethiopia
Average Yearly Salary of Loan Workout Officer in Ethiopia is approximately 172,587 ETB (2,890 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: 172,587 ETB
Estimated Monthly Salary: 14,382 ETB
Estimated Weekly Salary: 3,319 ETB per week
Estimated Hourly Salary: 83 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 166,980 ETBEstimated Monthly Salary: 13,915 ETB
Estimated Weekly Salary: 3,211 ETB per week
Estimated Hourly Salary: 80 ETB per hour
Last revision of data: 2024-01-05Loan Workout Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 2,890 USD
Estimated Monthly Salary: 241 USD
Estimated Weekly Salary: 56 USD per week
Estimated Hourly Salary: 1 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
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Salary comparison to National average
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Loan Workout Officer job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Loan Workout Officer in Ethiopia earns on average:
1.64 times the average salary (or 164% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Loan Workout Officer job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Loan Workout Officer in Ethiopia 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 189,846 ETB and 250,251 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Workout Officer in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 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: 172,587 ETB
Estimated Monthly Salary: 14,382 ETB
Estimated Weekly Salary: 3,319 ETB per week
Estimated Hourly Salary: 83 ETB per hour
By working as Loan Workout Officer a person can save up to 164 USD per month or 1,968 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 Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. 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
Sudan is 1,138 USD
Kenya is 8,987 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 Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Hvac service manager (170,167 ETB per year, pre-tax.)
Informatica developer (148,750 ETB per year, pre-tax.)
Dairy herdsman (59,040 ETB per year, pre-tax.)
Caretaker grounds (53,649 ETB per year, pre-tax.)
Geoscientist (but not hydrologist or geographer) (162,000 ETB per year, pre-tax.)
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