Home > Salary > Iraq > Loan Servicing Manager
A loan servicing manager is responsible for overseeing the management and administration of loans within a financial institution. They ensure that all loan processes are carried out efficiently, accurately, and in compliance with relevant regulations. This role involves managing a team of loan servicing professionals, monitoring loan portfolios, reviewing loan documents, and resolving any issues or discrepancies that may arise. The loan servicing manager also collaborates with other departments such as underwriting, collections, and customer service to ensure seamless loan servicing operations. Strong analytical skills, attention to detail, and knowledge of loan servicing software are essential for this role. Effective communication and leadership abilities are also important to effectively manage the team and maintain strong relationships with clients and stakeholders.
Estimated Yearly Salary: 12,044,568 IQD
Estimated Monthly Salary: 1,003,714 IQD
Estimated Weekly Salary: 231,626 IQD per week
Estimated Hourly Salary: 5,791 IQD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 969,228 IQD
Estimated Weekly Salary: 223,668 IQD per week
Estimated Hourly Salary: 5,592 IQD per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 8,146 USD
Estimated Monthly Salary: 679 USD
Estimated Weekly Salary: 157 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 12,044,568 IQD
Estimated Monthly Salary: 1,003,714 IQD
Estimated Weekly Salary: 231,626 IQD per week
Estimated Hourly Salary: 5,791 IQD per hour
By working as Loan Servicing Manager a person can save up to 439 USD per month or 5,266 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 Iraq, see costs of living in Iraq.
Estimated Yearly Salary for Loan Servicing Manager
Last revision of data: 2025-01-04
Data as of 2025
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Loan Servicing Manager salary in Iraq
Average Yearly Salary of Loan Servicing Manager in Iraq is approximately 12,044,568 IQD (8,146 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 Servicing Manager do?
A loan servicing manager is responsible for overseeing the management and administration of loans within a financial institution. They ensure that all loan processes are carried out efficiently, accurately, and in compliance with relevant regulations. This role involves managing a team of loan servicing professionals, monitoring loan portfolios, reviewing loan documents, and resolving any issues or discrepancies that may arise. The loan servicing manager also collaborates with other departments such as underwriting, collections, and customer service to ensure seamless loan servicing operations. Strong analytical skills, attention to detail, and knowledge of loan servicing software are essential for this role. Effective communication and leadership abilities are also important to effectively manage the team and maintain strong relationships with clients and stakeholders.
Skills: Loan servicing, Managerial role, Loan administration, Compliance, Financial institution, Team management
Job industry: Finance
Job industry: Finance
How much does Loan Servicing Manager make?
Salary details
How much does Loan Servicing Manager make?Estimated Yearly Salary: 12,044,568 IQD
Estimated Monthly Salary: 1,003,714 IQD
Estimated Weekly Salary: 231,626 IQD per week
Estimated Hourly Salary: 5,791 IQD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 11,630,736 IQDEstimated Monthly Salary: 969,228 IQD
Estimated Weekly Salary: 223,668 IQD per week
Estimated Hourly Salary: 5,592 IQD per hour
Last revision of data: 2024-01-06Loan Servicing Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 8,146 USD
Estimated Monthly Salary: 679 USD
Estimated Weekly Salary: 157 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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
Iraq, a nation in the Middle East, possesses vast oil reserves, fueling its economy and global energy trade. Key industries include oil and gas extraction, agriculture, and a burgeoning construction sector as the nation rebuilds its infrastructure. The rich historical and cultural heritage also draws tourists. However, Iraq faces challenges including political instability and security concerns. Despite these, the country exhibits economic potential and a resilient population, striving to rebuild and diversify its economy beyond oil and embrace a future of growth and stability.
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Loan Servicing Manager job salary compared to average salary in Iraq.
Comparison shows that a person working as Loan Servicing Manager in Iraq earns on average:
1.48 times the average salary (or 148% of average salary).
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Loan Servicing Manager job salary compared to average salary in Iraq.
Comparison shows that a person working as Loan Servicing Manager in Iraq earns on average:
1.48 times the average salary (or 148% of average salary).
Is Loan Servicing Manager a well paid job?
Yes, our data shows that Loan Servicing Manager 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 Servicing Manager?
High salary for Loan Servicing Manager would be somewhere between 13,249,025 IQD and 17,464,624 IQD. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Servicing Manager in Iraq?
Living in Iraq the approximate monthly expenses are: 240 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: 12,044,568 IQD
Estimated Monthly Salary: 1,003,714 IQD
Estimated Weekly Salary: 231,626 IQD per week
Estimated Hourly Salary: 5,791 IQD per hour
By working as Loan Servicing Manager a person can save up to 439 USD per month or 5,266 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 Iraq, see costs of living in Iraq.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Iran, Jordan, Kuwait, Saudi Arabia, Syria, Turkey. 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 Servicing Manager
Iran is 10,691 USD
Jordan is 12,838 USD
Kuwait is 18,104 USD
Saudi Arabia is 37,225 USD
Syria is 4,970 USD
Turkey is 14,350 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 Iraq
(93,035,848 IQD per year, pre-tax.)
2. Cardiologist
(77,420,383 IQD per year, pre-tax.)
(74,436,118 IQD per year, pre-tax.)
4. Neurosurgeon
(72,585,795 IQD per year, pre-tax.)
(72,416,543 IQD per year, pre-tax.)
(70,778,229 IQD per year, pre-tax.)
(70,769,927 IQD per year, pre-tax.)
(70,594,393 IQD per year, pre-tax.)
9. Urologist
(70,443,660 IQD per year, pre-tax.)
10. Oncologist
(70,429,777 IQD per year, pre-tax.)
Data as of 2025Random salary:
Alcohol and drug addiction counselor (6,396,312 IQD per year, pre-tax.)
Sonogram technician (6,849,667 IQD per year, pre-tax.)
Campground attendant (4,161,600 IQD per year, pre-tax.)
Press operator (4,470,309 IQD per year, pre-tax.)
Sap coordinator (7,099,200 IQD per year, pre-tax.)
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