Collateral Specialist Salary

The average pay for a Collateral Specialist is $49,067 per year. For the first five to ten years in this position, pay increases sharply, but any additional experience does not have a big effect on pay.

$32,143 - $83,845
$32K
$54K
$84K
MEDIAN: $53,943
10%
50%
90%

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$14.15 - $22.67
$14
$17
$23
MEDIAN: $17.17
10%
50%
90%

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$0$83K
Salary $32,143 - $83,845
Bonus $1,067 - $10,304
Profit Sharing $2,775
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).
)
$31,007 - $83,861
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 31
Hourly Data $0$33
Hourly Rate $14.15 - $22.67
Overtime $25.43
Annual Data $0$83K
Bonus $1,067 - $10,304
Profit Sharing $2,775
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).
)
$31,007 - $83,861
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 26

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Collateral Specialist

  • Verify and track policies, compliancy, and requirements.
  • Prepare and file forms and documents.
  • Recover collateral.
  • Communicate with clients, agents and banks.

Collateral Specialist Job Listings

Pay by Experience Level for Collateral Specialist

Pay by Experience for a Collateral Specialist has a positive trend. An entry-level Collateral Specialist with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 26 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Collateral Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $48,000 based on 15 salaries. An experienced Collateral Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $50,000 based on 19 salaries. A Collateral Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $50,000 based on 6 salaries.

Collateral Specialist Advice

Q: What is it like working as a Collateral Specialist?

Collateral Specialist in Birmingham:
"I wish I knew that my opportunities to advance was limited."
Customer Service and Teamwork are the most important services you can offer to a business. This position requires special attention to details and knowledge of banking regulations and bank policy. Be ready to show your talent and abilities and know that your character and attitude play a large part in providing the needs for the customer and the bank.

Key Stats for Collateral Specialist

Gender

Female
80 %
Male
20 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
Less than 1 year
7%
1-4 years
46%
5-9 years
19%
10-19 years
21%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Related Jobs

Experience Affects Collateral Specialist Salaries

Late-Career
▲6%

Experienced
▲5%

Mid-Career
▼0%

National Average
$48,000

Entry-Level
▼24%

Job Satisfaction

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

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
7%
1-4 years
46%
5-9 years
19%
10-19 years
21%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 69%
vision benefits
Vision: 66%
no benefits
None: 11%
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