Collateral Specialist Salary

The average pay for a Collateral Specialist is $49,067 per year. For the first five to ten years in this position, pay increases sharply, but any additional experience does not have a big effect on pay.

$32,236 - $77,247
$32K
$49K
$77K
MEDIAN: $49,067
10%
50%
90%

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$11.18 - $21.06
$11
$16
$21
MEDIAN: $16.36
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Salary
$32,236 - $77,247  
   
Bonus
$1,014 - $19,727  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,822 - $74,706  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 31
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$11.18 - $21.06  
   
Overtime
$31.43  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$1,014 - $19,727  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,822 - $74,706  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 24

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Collateral Specialist

  • Recover collateral.
  • Communicate with clients, agents and banks.
  • Verify and track policies, compliancy, and requirements.
  • Prepare and file forms and documents.

Collateral Specialist Job Listings

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Pay by Experience Level for Collateral Specialist

Pay by Experience for a Collateral Specialist has a positive trend. An entry-level Collateral Specialist with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 26 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Collateral Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $48,000 based on 15 salaries. An experienced Collateral Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $50,000 based on 19 salaries. A Collateral Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $50,000 based on 6 salaries.

Collateral Specialist Advice

Q: What is it like working as a Collateral Specialist?

Collateral Specialist in Birmingham:
"I wish I knew that my opportunities to advance was limited."
Customer Service and Teamwork are the most important services you can offer to a business. This position requires special attention to details and knowledge of banking regulations and bank policy. Be ready to show your talent and abilities and know that your character and attitude play a large part in providing the needs for the customer and the bank.

Key Stats for Collateral Specialist

Gender

Female
85 %
Male
15 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 7 votes.
Less than 1 year
5%
1-4 years
38%
5-9 years
20%
10-19 years
25%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Related Jobs

Experience Affects Collateral Specialist Salaries

Late-Career
▲25%

Experienced
▲24%

Mid-Career
▲19%

National Average
$40,000

Entry-Level
▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 7 votes.

Gender

Female
85 %
Male
15 %

Years of Experience

Less than 1 year
5%
1-4 years
38%
5-9 years
20%
10-19 years
25%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 73%
vision benefits
Vision: 76%
no benefits
None: 5%