Median pay for Special Assets Officers in the United States is around $62K per year. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. Most Special Assets Officers report high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
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$38,520 - $92,251
(Median)
$39K
$62K
$92K
MEDIAN: $62,424
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
$38,520 - $92,251  
   
Bonus
$1,030 - $11,037  
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).
)
$40,153 - $94,358  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 62
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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.

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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 generally obtain higher compensation for more plentiful past experience. Folks with fewer than five years of experience take home $51K on average, and those who have worked for five to 10 years see a bigger median salary of $67K. Special Assets Officers who work for 10 to 20 years in their occupation tend to earn about $71K. Seasoned veterans with 20 years under their belts enjoy a median income of $93K.

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Experience Affects Special Assets Officer Salaries

Late-Career
up arrow 46%

Experienced
up arrow 11%

Mid-Career
up arrow 4%

National Average
$64,000

Entry-Level
up arrow 20%

Skills That Affect Special Assets Officer Salaries


Risk Management / Risk Control
up arrow 5%

National Average
$64,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
2%
1-4 years
17%
5-9 years
36%
10-19 years
35%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 76%
medical benefits
Vision: 73%
dental benefits
None: 8%
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