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Special Assets Officer Salary

For Special Assets Officers, yearly average wages total $62K annually. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. The majority of Special Assets Officers (66 percent) who took the survey are men. The majority of workers are highly satisfied with their job. This snapshot results from replies to PayScale's salary survey.
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$44,206 - $96,709
(Median)
$44K
$62K
$97K
MEDIAN: $62,348
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
$44,206 - $96,709  
   
Bonus
$0.00 - $20,151  
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).
)
$43,468 - $108,876  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 126

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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 with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. People who have worked for fewer than five years bring home $57K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $65K. For Special Assets Officers, 10 to 20 years of experience on the job amounts to an average salary of $73K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $85K, demonstrating that compensation is roughly commensurate with experience in the end.

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United States (change)

Experience Affects Special Assets Officer Salaries

Late-Career
up arrow 30%

Experienced
up arrow 12%

Mid-Career
up arrow 1%

National Average
$65,000

Entry-Level
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

1-4 years
30%
5-9 years
25%
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: 7%
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