$66,787
Avg. Salary

Average additional compensation for this job:

Bonus

$6,140

Profit Sharing

$3,850

Commission

$15,000

The average pay for a Special Assets Officer is $66,787 per year.

$43,131 - $95,776
$43K
$67K
$96K
MEDIAN: $66,787
10%
50%
90%

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$16.80 - $25.43
$19
MEDIAN: $18.63
50%

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$0$103K
Salary $43,131 - $95,776
Bonus $1,555 - $15,205
Profit Sharing $3,850
Commission $15,000
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).
)
$43,853 - $103,076
  • Country: United States
  • Currency: USD
  • Updated: 24 Sep 2018
  • Individuals Reporting: 104
Hourly Data $0$25
Hourly Rate $18.63
Overtime $22.50
Annual Data $0$103K
Bonus $1,555 - $15,205
Commission $15,000
Profit Sharing $3,850
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).
)
$43,853 - $103,076
  • Country: United States
  • Currency: USD
  • Updated: 24 Sep 2018
  • Individuals Reporting: 6

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.

Special Assets Officer Job Listings

Pay by Experience Level for Special Assets Officer

Pay by Experience for a Special Assets Officer has a positive trend. An entry-level Special Assets Officer with less than 5 years of experience can expect to earn an average total compensation of $53,000 based on 17 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Special Assets Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $69,000 based on 27 salaries. An experienced Special Assets Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $73,000 based on 23 salaries. A Special Assets Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $93,000 based on 7 salaries.

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 22 votes.
Less than 1 year
2%
1-4 years
12%
5-9 years
34%
10-19 years
37%
20 years or more
15%

Experience Affects Special Assets Officer Salaries

Late-Career
▲34%

Experienced
▲5%

National Average
$70,000

Mid-Career
▼1%

Entry-Level
▼24%

Skills That Affect Special Assets Officer Salaries


National Average
$70,000

Risk Management / Risk Control
▼3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
2%
1-4 years
12%
5-9 years
34%
10-19 years
37%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 75%
vision benefits
Vision: 68%
no benefits
None: 7%