Special Assets Officer Salary

Average Special Assets Officers in the United States make around $64K annually. Job satisfaction is high and work is enjoyable for most Special Assets Officers. Nearly all report receiving medical coverage from their employers and most collect dental insurance. The majority of Special Assets Officers (67 percent) survey respondents are male. This report is based on answers to PayScale's salary questionnaire.
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$40,337 - $91,857
$40K
$64K
$92K
MEDIAN: $64,468
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$32K$64K$96K
Salary
$40,337 - $91,857  
   
Bonus
$1,546 - $15,050  
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).
)
$35,329 - $95,326  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 45

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United States (change)

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

Special Assets Officer Job Listings

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Pay by Experience Level for Special Assets Officer

Pay by Experience for a Special Assets Officer has a positive trend. An entry-level Special Assets Officer with less than 5 years of experience can expect to earn an average total compensation of $53,000 based on 17 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Special Assets Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $69,000 based on 27 salaries. An experienced Special Assets Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $73,000 based on 23 salaries. A Special Assets Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $93,000 based on 7 salaries.

Related Job Salaries

Key Stats for Special Assets Officer

Gender

Female
33 %
Male
67 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.
Less than 1 year
2%
1-4 years
13%
5-9 years
35%
10-19 years
42%
20 years or more
8%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Special Assets Officer Salaries

Late-Career
▲40%

Experienced
▲9%

Mid-Career
▲3%

National Average
$67,000

Entry-Level
▼21%

Skills That Affect Special Assets Officer Salaries


Risk Management / Risk Control
▲1%

National Average
$67,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
2%
1-4 years
13%
5-9 years
35%
10-19 years
42%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 86%
vision benefits
Vision: 81%
no benefits
None: 5%
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