Home > Salary > Mexico > 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: 550,433 MXN
Estimated Monthly Salary: 45,869 MXN
Estimated Weekly Salary: 10,585 MXN per week
Estimated Hourly Salary: 265 MXN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 44,482 MXN
Estimated Weekly Salary: 10,265 MXN per week
Estimated Hourly Salary: 257 MXN per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 27,670 USD
Estimated Monthly Salary: 2,306 USD
Estimated Weekly Salary: 532 USD per week
Estimated Hourly Salary: 13 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: 550,433 MXN
Estimated Monthly Salary: 45,869 MXN
Estimated Weekly Salary: 10,585 MXN per week
Estimated Hourly Salary: 265 MXN per hour
By working as Loan Workout Officer a person can save up to 1,569 USD per month or 18,833 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 Mexico, see costs of living in Mexico.
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 Mexico
Average Yearly Salary of Loan Workout Officer in Mexico is approximately 550,433 MXN (27,670 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: 550,433 MXN
Estimated Monthly Salary: 45,869 MXN
Estimated Weekly Salary: 10,585 MXN per week
Estimated Hourly Salary: 265 MXN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 533,780 MXNEstimated Monthly Salary: 44,482 MXN
Estimated Weekly Salary: 10,265 MXN per week
Estimated Hourly Salary: 257 MXN per hour
Last revision of data: 2024-01-09Loan Workout Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 27,670 USD
Estimated Monthly Salary: 2,306 USD
Estimated Weekly Salary: 532 USD per week
Estimated Hourly Salary: 13 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
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Mexico, located in North America, is a vibrant country known for its rich culture and diverse landscapes. With a population of approximately 126 million people, it is the 11th most populous country in the world. Covering an area of about 1,964,375 square kilometers, Mexico is the 14th largest country globally.
Estimated national average yearly salary is 331,152 MXN (18,410 USD). Value indicated is pre-tax. Below graph shows estimated Loan Workout Officer job salary compared to average salary in Mexico.
Comparison shows that a person working as Loan Workout Officer in Mexico earns on average:
1.66 times the average salary (or 166% of average salary).
Estimated national average yearly salary is 331,152 MXN (18,410 USD). Value indicated is pre-tax. Below graph shows estimated Loan Workout Officer job salary compared to average salary in Mexico.
Comparison shows that a person working as Loan Workout Officer in Mexico earns on average:
1.66 times the average salary (or 166% 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 605,476 MXN and 798,128 MXN. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Workout Officer in Mexico?
Living in Mexico the approximate monthly expenses are: 736 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: 550,433 MXN
Estimated Monthly Salary: 45,869 MXN
Estimated Weekly Salary: 10,585 MXN per week
Estimated Hourly Salary: 265 MXN per hour
By working as Loan Workout Officer a person can save up to 1,569 USD per month or 18,833 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 Mexico, see costs of living in Mexico.
Salary comparison to region and neighbouring coutries
Country's neighbours are: United States, Belize, Guatemala. 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
United States is 85,383 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 Mexico
(3,848,140 MXN per year, pre-tax.)
2. Cardiologist
(3,207,036 MXN per year, pre-tax.)
(3,089,000 MXN per year, pre-tax.)
(2,995,691 MXN per year, pre-tax.)
5. Neurosurgeon
(2,986,217 MXN per year, pre-tax.)
6. Urologist
(2,929,358 MXN per year, pre-tax.)
(2,929,338 MXN per year, pre-tax.)
8. Oncologist
(2,923,408 MXN per year, pre-tax.)
(2,918,043 MXN per year, pre-tax.)
(2,917,105 MXN per year, pre-tax.)
Data as of 2025Random salary:
Oral surgery technician (181,412 MXN per year, pre-tax.)
Youth director (church) (208,620 MXN per year, pre-tax.)
Print shop foreman (228,496 MXN per year, pre-tax.)
Director of public relations (pr) (438,908 MXN per year, pre-tax.)
Amusement and recreation attendant (150,038 MXN per year, pre-tax.)
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Please note:The salary figures presented here are intended for reference purposes only.
The salary data presented here are meant for reference purposes only. While we strive to ensure accuracy, we do not guarantee all figures is flawless. Users are advised to confirm salary details with official authorities before making critical career decisions. Salary amounts may change due to negotiation, industry trends, and location. We deny responsibility for errors in the salary data displayed.
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