Special Assets Officer Salary

An average Special Assets Officer in the United States can expect to take home roughly $65K annually. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Men working as Special Assets Officers who took the survey just slightly outnumber women at 59 percent. The majority of workers are highly satisfied with their job. The numbers in this rundown were provided by PayScale's salary survey participants.
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$41,145 - $91,704
$41K
$65K
$92K
MEDIAN: $65,011
10%
50%
90%

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$0$94K
Salary $41,145 - $91,704
Bonus $1,546 - $15,050
Profit Sharing $3,850
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).
)
$41,300 - $94,359
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 49

Find Out Exactly What You Should Be Paid

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

Pay by Experience Level for Special Assets Officer

Pay by Experience for a Special Assets Officer has a positive trend. An entry-level Special Assets Officer with less than 5 years of experience can expect to earn an average total compensation of $53,000 based on 17 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Special Assets Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $69,000 based on 27 salaries. An experienced Special Assets Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $73,000 based on 23 salaries. A Special Assets Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $93,000 based on 7 salaries.

Related Job Salaries

Key Stats for Special Assets Officer

Gender

Female
41 %
Male
59 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.
Less than 1 year
2%
1-4 years
6%
5-9 years
38%
10-19 years
44%
20 years or more
10%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Special Assets Officer Salaries

Late-Career
▲36%

Experienced
▲7%

Mid-Career
▲1%

National Average
$68,000

Entry-Level
▼23%

Skills That Affect Special Assets Officer Salaries


National Average
$68,000

Risk Management / Risk Control
▼1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
2%
1-4 years
6%
5-9 years
38%
10-19 years
44%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 83%
vision benefits
Vision: 78%
no benefits
None: 5%
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