Special Assets Officer Salary

Special Assets Officers in the United States take home approximately $63K annually on average. There are more male Special Assets Officers than female among those who completed the questionnaire, making up 66 percent. The majority of workers are highly satisfied with their job. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$44,190 - $97,153

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$11.59 - $25.34

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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$50K$100K$150K
Salary
$44,190 - $97,153  
   
Bonus
$0.00 - $20,134  
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).
)
$43,677 - $108,237  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 122
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$25$50$75
Hourly Rate
$11.59 - $25.34  
   
Overtime
$17.94 - $37.50  
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$50K$100K$150K
Bonus
$0.00 - $20,134  
   
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).
)
$43,677 - $108,237  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 10
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Job Description for Special Assets Officer

Special assets officers are in charge of managing and allocating loans for their organization. They write specific loan terms and renegotiate them as needed, as well as process large amounts of financial and loan information to find and correct possible contract errors. These officers also write detailed reports and report their progress to the credit administrator in their department. In all tasks, special assets officers must follow financial and privacy procedures; they also need to provide excellent service to clients and strive to increase customer loyalty.

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Special Assets Officer Tasks

  • Manage bankruptcy and foreclosure processes to regain assets.
  • Evaluate and recommend tactics for recovery of investments in formal reports.
  • Manage a portfolio of assets and loans and identify areas that require exit strategies.
  • Negotiate and handle problem loans and short sales.

Special Assets Officer Job Listings

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Pay by Experience Level for Special Assets Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Special Assets Officers generally obtain higher compensation for more plentiful past experience. Average salaries for inexperienced employees average out to around $56K, but folks who have five to 10 years of experience earn a higher median of $64K. The average pay reported by folks with 10 to 20 years of experience is around $73K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $89K on average.

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Experience Affects Special Assets Officer Salaries

Late-Career
up arrow 37%

Experienced
up arrow 13%

National Average
$65,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

1-4 years
30%
5-9 years
27%
10-19 years
30%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 78%
vision benefits Vision: 68% employee benefits None: 8%
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