Special Assets Officer Salary

For Special Assets Officers, annual average wages total $63K per year. Special Assets Officers who participated in the survey are largely men, dominating at 65 percent. Medical benefits are awarded to almost all, and a fair number earn dental coverage. For the most part, Special Assets Officers enjoy their work and report high levels of job satisfaction. This report is based on responses to the PayScale salary survey.
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$44,190 - $97,153
(Median)
$44K
$63K
$97K
MEDIAN: $62,756
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
$44,190 - $97,153  
   
Bonus
$0.00 - $20,115  
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).
)
$43,640 - $108,348  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 122
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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. Workers with less than five years' experience earn around $58K on average, and those who have five to 10 years under their belts see a higher median salary of $65K. Special Assets Officers see a median salary of $73K after reaching one to two decades on the job. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $89K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

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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 11%

Job Satisfaction

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

Gender

Female
35 %
Male
65 %

Years of Experience

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

Common Health Benefits

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