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Special Assets Officer Salary

Special Assets Officers in the United States pull down an average of $63K annually. Medical benefits are awarded to nearly all, and a strong majority earn dental coverage. There are more male Special Assets Officers than female among those who completed the questionnaire, making up 65 percent. The majority of workers are highly satisfied with their job. This overview is based on answers to PayScale's salary questionnaire.
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$44,247 - $96,821
(Median)
$44K
$63K
$97K
MEDIAN: $62,551
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
$44,247 - $96,821  
   
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).
)
$43,429 - $108,977  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 125
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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.


Experience and pay tend to be weakly linked for Special Assets Officers — those with more experience do not necessarily bring in higher earnings. Folks with fewer than five years of experience take home $58K on average, and those who have worked for five to 10 years see a bigger median salary of $65K. Special Assets Officers see a median salary of $73K after reaching one to two decades on the job. 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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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 11%

Job Satisfaction

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

Gender

Female
35 %
Male
65 %

Years of Experience

1-4 years
29%
5-9 years
25%
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%
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