Special Assets Officers in the United States can expect wages of $64K annually on average. Men make up the majority of Special Assets Officers (67 percent) survey respondents. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to nearly all, and a strong majority earn dental coverage. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$39,280 - $91,535
$39K
$64K
$92K
MEDIAN: $63,832
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$32K$64K$96K
Salary
$39,280 - $91,535  
   
Bonus
$1,485 - $11,112  
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).
)
$40,734 - $94,355  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 56

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United States (change)

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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 a portfolio of assets and loans and identify areas that require exit strategies.
  • Negotiate and handle problem loans and short sales.
  • Manage bankruptcy and foreclosure processes to regain assets.
  • Evaluate and recommend tactics for recovery of investments in formal reports.

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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 who reported more years of relevant experience also reported higher earnings. Survey participants with less than five years' experience pocket $53K on average, but those with five to 10 years of experience enjoy a much bigger median of $68K. On average, Special Assets Officers make $73K following one to two decades on the job. Old hands who claim more than two decades on the job enjoy average earnings of $93K.

Related Job Salaries

Key Stats for Special Assets Officer

Gender

Female
33 %
Male
67 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 9 votes.
040
Less than 1 year
2%
1-4 years
17%
5-9 years
37%
10-19 years
40%
20 years or more
5%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Special Assets Officer Salaries

Late-Career
up arrow 42%

Experienced
up arrow 12%

Mid-Career
up arrow 3%

National Average
$66,000

Entry-Level
up arrow 20%

Skills That Affect Special Assets Officer Salaries


Risk Management / Risk Control
up arrow 3%

National Average
$66,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 9 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
2%
1-4 years
17%
5-9 years
37%
10-19 years
40%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 78%
vision benefits
Vision: 73%
dental benefits
None: 9%
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