Special Assets Officer Salary

The average Special Assets Officer in the United States earns approximately $63K annually. Medical benefits are awarded to nearly all, and a strong majority earn dental coverage. The majority of workers are highly satisfied with their job. Men account for the majority of Special Assets Officers who responded to the questionnaire — 66 percent to be exact. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$43,249 - $98,107
(Median)
$43K
$63K
$98K
MEDIAN: $63,422
10%
50%
90%

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$11.59 - $25.34
(Median)
$12
$17
$25
MEDIAN: $17.00
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$50K$100K$150K
Salary
$43,249 - $98,107  
   
Bonus
$0.00 - $20,273  
Profit Sharing
$3,500  
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).
)
$41,445 - $109,240  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 123
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
$25.00  
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 - $20,273  
   
Profit Sharing
$3,500  
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).
)
$41,445 - $109,240  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | 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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Special Assets Officers usually report a few specific skills. Financial Analysis and Risk Management / Risk Control are considered valuable skills and can increase employee pay.

Pay by Experience Level for Special Assets Officer

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. The median compensation for relatively untried workers is $54K; in the five-to-10 year group, it's higher at around $65K. Special Assets Officers claiming one to two decades of experience make an estimated median of $74K. Seasoned veterans with 20 years under their belts enjoy a median income of $93K.

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Experience Affects Special Assets Officer Salaries

Late-Career
up arrow 42%

Experienced
up arrow 12%

National Average
$66,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 17%

Skills That Affect Special Assets Officer Salaries


Risk Management / Risk Control
up arrow 3%

National Average
$66,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

1-4 years
27%
5-9 years
27%
10-19 years
32%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 78%
medical benefits
Vision: 68%
dental benefits
None: 7%
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