Senior Asset Manager Salary
The average Senior Asset Manager in the United States can expect to rake in roughly $90K per year. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Medical and dental coverage is claimed by a large number, and the larger part earn vision coverage. Women make up a slight majority of Senior Asset Managers (55 percent) survey respondents. Most people in this profession are content with their work, and moderate levels of job satisfaction are reported. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Job Description for Senior Asset Manager
A senior asset manager manages and maintains everything of value for an entity or group; this includes physical assets such as buildings and intangible assets such as intellectual property. Physical assets may be owned, leased, or subleased by the company.Read More...
Asset managers are responsible for determining the feasibility of asset acquisition and presenting supporting documentation to upper management or board members. Industries which employe these managers include financial, IT, real estate, infrastructure, transportation, and health management.
Duties of asset managers include balancing of costs, risks, and opportunities against the desired performance of assets and implementing, negotiating, and monitoring asset management programs. They also prepare reports and performance analyses for loan deficiencies and revenue losses.
Asset managers must be able to communicate well with clients, co-workers, and upper management. Proficient mathematical and verbal skills, as well as organizational and speaking skills, are also necessary. Proficiency with computers and software systems is generally required.
Asset managers commonly have a financial background and must have the ability to be self-regulated and work independently. Applicants should have a minimum of a high school diploma or equivalent, while most have a bachelor's degree in accounting, business, or finance. Advanced graduate degrees are preferred, but not required.
The general working environment of an asset manager is within the offices of his/her company, and co-workers include middle and upper-management, board members, secretaries, managing directors, and property managers. These managers can expect to work traditional weekly business hours.
Senior Asset Manager Tasks
- Recommend strategies for maximizing the value and returns for assets held by a company.
- Organize paperwork and processes required to buy, sell, or modify assets.
- Supervise the development of strategies to increase asset returns
- Write reports on property asset statistics for senior management.
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Pay by Experience Level for Senior Asset Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Individuals with fewer than five years of experience earn $84K on average, but those in the five-to-10 year group see a six-figure median of $102K. Senior Asset Managers who work for 10 to 20 years in their occupation tend to earn about $96K. Senior Asset Managers who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $119K.