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Special Assets Officer Salary

Median pay for Special Assets Officers in the United States is around $63K annually. Job satisfaction for Special Assets Officers is high. Nearly all report receiving medical coverage from their employers and a strong majority collect dental insurance. Male Special Assets Officers are more prevalent than women among those who took the survey — 66 percent of professionals. The information for this snapshot was generated by responses to the PayScale salary survey.
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$44,206 - $96,709
(Median)
$44K
$63K
$97K
MEDIAN: $62,781
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 - $20,168  
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: 31 Mar 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.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Survey participants with less than five years' experience pocket $56K on average, but those with five to 10 years of experience enjoy a much bigger median of $65K. Special Assets Officers see a median salary of $73K after reaching one to two decades on the job. Survey participants who have worked for more than two decades report bringing in $85K on average.

Related Job Salaries

United States (change)

Experience Affects Special Assets Officer Salaries

Late-Career
up arrow 31%

Experienced
up arrow 13%

Mid-Career
up arrow 1%

National Average
$65,000

Entry-Level
up arrow 14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

1-4 years
28%
5-9 years
26%
10-19 years
31%
20 years or more
15%

Common Health Benefits

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