Home > Salary > Saudi Arabia > 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: 165,700 SAR
Estimated Monthly Salary: 13,808 SAR
Estimated Weekly Salary: 3,187 SAR per week
Estimated Hourly Salary: 80 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 13,332 SAR
Estimated Weekly Salary: 3,077 SAR per week
Estimated Hourly Salary: 77 SAR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 41,552 USD
Estimated Monthly Salary: 3,463 USD
Estimated Weekly Salary: 799 USD per week
Estimated Hourly Salary: 20 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: 165,700 SAR
Estimated Monthly Salary: 13,808 SAR
Estimated Weekly Salary: 3,187 SAR per week
Estimated Hourly Salary: 80 SAR per hour
By working as Loan Workout Officer a person can save up to 2,359 USD per month or 28,309 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 Saudi Arabia, see costs of living in Saudi Arabia.
Estimated Yearly Salary for Loan Workout Officer
United Arab Emirates is 73,483 USD 77%
Details on Loan Workout Officer salary in United Arab Emirates Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Telecommunications equipment installer repairer (but not line installer) (66,737 SAR per year, pre-tax.)
Configuration management (cm), specialist (147,260 SAR per year, pre-tax.)
Analyst corporate development (145,882 SAR per year, pre-tax.)
Host hostess of restaurant lounge or coffee shop (37,245 SAR per year, pre-tax.)
Programmer analyst (141,944 SAR per year, pre-tax.)
Loan Workout Officer salary in Saudi Arabia
Average Yearly Salary of Loan Workout Officer in Saudi Arabia is approximately 165,700 SAR (41,552 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: 165,700 SAR
Estimated Monthly Salary: 13,808 SAR
Estimated Weekly Salary: 3,187 SAR per week
Estimated Hourly Salary: 80 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 159,988 SAREstimated Monthly Salary: 13,332 SAR
Estimated Weekly Salary: 3,077 SAR per week
Estimated Hourly Salary: 77 SAR per hour
Last revision of data: 2024-01-08Loan Workout Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 41,552 USD
Estimated Monthly Salary: 3,463 USD
Estimated Weekly Salary: 799 USD per week
Estimated Hourly Salary: 20 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
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Saudi Arabia, officially known as the Kingdom of Saudi Arabia, is a country located in the Middle East. With a population of approximately 34 million people, it is the 40th most populous country in the world. The nation covers an area of about 2.15 million square kilometers, making it the 13th largest country globally. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south.
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Loan Workout Officer job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Loan Workout Officer in Saudi Arabia earns on average:
1.6 times the average salary (or 160% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Loan Workout Officer job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Loan Workout Officer in Saudi Arabia earns on average:
1.6 times the average salary (or 160% 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 182,270 SAR and 240,265 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Workout Officer in Saudi Arabia?
Living in Saudi Arabia the approximate monthly expenses are: 1,104 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: 165,700 SAR
Estimated Monthly Salary: 13,808 SAR
Estimated Weekly Salary: 3,187 SAR per week
Estimated Hourly Salary: 80 SAR per hour
By working as Loan Workout Officer a person can save up to 2,359 USD per month or 28,309 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 Saudi Arabia, see costs of living in Saudi Arabia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Jordan, Iraq, Kuwait, Qatar, Bahrain, United Arab Emirates, Oman, Yemen. 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
Jordan is 14,203 USD
Iraq is 9,032 USD
Kuwait is 20,104 USD
Qatar is 105,587 USD
Bahrain is 26,881 USDUnited Arab Emirates is 73,483 USD 77%Details on Loan Workout Officer salary in United Arab Emirates
Oman is 13,638 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 Saudi Arabia
(1,155,796 SAR per year, pre-tax.)
2. Cardiologist
(962,048 SAR per year, pre-tax.)
(923,476 SAR per year, pre-tax.)
4. Neurosurgeon
(900,367 SAR per year, pre-tax.)
(897,041 SAR per year, pre-tax.)
(877,388 SAR per year, pre-tax.)
(874,133 SAR per year, pre-tax.)
(873,498 SAR per year, pre-tax.)
9. Urologist
(873,306 SAR per year, pre-tax.)
(872,951 SAR per year, pre-tax.)
Data as of 2025Random salary:
Telecommunications equipment installer repairer (but not line installer) (66,737 SAR per year, pre-tax.)
Configuration management (cm), specialist (147,260 SAR per year, pre-tax.)
Analyst corporate development (145,882 SAR per year, pre-tax.)
Host hostess of restaurant lounge or coffee shop (37,245 SAR per year, pre-tax.)
Programmer analyst (141,944 SAR per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=saudi-arabia&job=loan-workout-officer'><img src='https://optisalary.com/wp-content/graphs/salary/loan-workout-officer-salary-in-saudi-arabia-2025.jpg' alt='loan workout officer salary in saudi arabia 2025' title='loan workout officer salary in saudi arabia 2025' /></a>
Please note:The salary estimates on this website are meant for informational use exclusively.
The salary data on this site is intended for reference purposes only. We offer salary insights derived from multiple sources, but cannot guarantee absolute precision. Users should always cross-check salary details with other trusted sources before making financial decisions. Variations in salary amounts may occur due to various factors, including location, experience, and industry. We do not extend any guarantee regarding the completeness of the displayed salary data. Use of optisalary.com implies acknowledgment of these terms.
This website aggregates salary data for reference purposes exclusively. We strive to provide accurate figures, but cannot assure their precision. Users are encouraged to check official platforms before making financial choices. Salary ranges can fluctuate due to company policies, market demands, and skills. We accept no liability for errors in the salary data provided. Your continued use with this site indicates understanding of this disclaimer.