Special Assets Officer Salary

Special Assets Officers in the United States can expect wages of $63K per year on average. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. Work is enjoyable for Special Assets Officers, who typically claim high levels of job satisfaction. Most people who answered the questionnaire are men; 65 percent of Special Assets Officers are male. This snapshot results from replies to PayScale's salary survey.
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$44,162 - $97,261
(Median)
$44K
$63K
$97K
MEDIAN: $62,890
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$44,162 - $97,261  
   
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).
)
$43,601 - $108,459  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 121
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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.

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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 with a lot of experience tend to enjoy higher earnings. The median compensation for relatively untried workers is $57K; in the five-to-10 year group, it's higher at around $65K. Special Assets Officers bring in $73K after working for 10 to 20 years. Average wages for folks with more than 20 years of experience come out to around $89K.

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Experience Affects Special Assets Officer Salaries

Late-Career
up arrow 37%

Experienced
up arrow 12%

Mid-Career
0%

National Average
$65,000

Entry-Level
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 34 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

1-4 years
29%
5-9 years
26%
10-19 years
30%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 78%
vision benefits Vision: 68% employee benefits None: 8%
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