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Special Assets Officer Salary

The average Special Assets Officer in the United States earns approximately $62K annually. Medical benefits are awarded to nearly all, and most earn dental coverage. Work is enjoyable for Special Assets Officers, who typically claim high levels of job satisfaction. Male Special Assets Officers are more prevalent than women among those who took the survey — 66 percent of professionals. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$44,817 - $95,722
(Median)
45K
62K
82K
96K
MEDIAN: $62,256
10%
50%
75%
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
$44,817 - $95,722  
   
Bonus
$0.00 - $20,220  
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).
)
$43,830 - $108,267  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 121
United States (change)

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.


For Special Assets Officers, more experience in the field does not usually mean bigger paychecks. Workers in their first five years can expect to earn $60K, but people who have been around for five to 10 years earn a noticeably bigger sum of $67K. Special Assets Officers with one to two decades of relevant experience report an average salary of approximately $73K. Special Assets Officers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $79K.

Related Job Salaries

Experience Affects Special Assets Officer Salaries

Late-Career
up arrow 22%

Experienced
up arrow 13%

Mid-Career
up arrow 3%

National Average
$65,000

Entry-Level
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 40 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

1-4 years
33%
5-9 years
24%
10-19 years
29%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 81%
vision benefits Vision: 69% employee benefits None: 6%