$66,456
Avg. Salary

Average additional compensation for this job:

Bonus

$7,079

Profit Sharing

$3,850

Commission

$15,000

The average pay for a Special Assets Officer is $66,456 per year.

$43,505 - $93,351
$44K
$66K
$93K
MEDIAN: $66,456
10%
50%
90%

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$0$101K
Salary $43,505 - $93,351
Bonus $2,980 - $14,094
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).
)
$44,768 - $101,105
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2018
  • Individuals Reporting: 47

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

Key Stats for Special Assets Officer

Gender

Female
38 %
Male
62 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.
5-9 years
71%
10-19 years
29%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.

Gender

Female
38 %
Male
62 %

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 71%
vision benefits
Vision: 71%
no benefits
None: 13%