Special Assets Manager salary in Iceland

Average Yearly Salary of Special Assets Manager in Iceland is approximately 16,636,154 ISK (116,273 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Special Assets Manager do?

A Special Assets Manager is responsible for managing and overseeing the recovery of distressed assets, such as non-performing loans, troubled real estate properties, or delinquent accounts. They work in financial institutions, investment firms, or loan servicing companies. Their main objective is to minimize losses and maximize recoveries by implementing strategies that may include restructuring debt, negotiating settlements, or initiating legal actions. The role of a Special Assets Manager involves conducting thorough analysis of the assets, assessing their value, and developing action plans to mitigate risks. They collaborate with internal teams, external agencies, and legal professionals to execute these plans effectively. Strong communication and negotiation skills are crucial in this occupation, as they often interact with borrowers, investors, and other stakeholders.

Skills: Special Assets Manager, Distressed Assets, Non-performing Loans, Troubled Real Estate, Debt Restructuring, Risk Mitigation.
Job industry: Banking

How much does Special Assets Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Special Assets Manager a well paid job?

Yes, our data shows that Special Assets Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Special Assets Manager?

High salary for Special Assets Manager would be somewhere between 18,299,769 ISK and 24,122,423 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Special Assets Manager in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 16,636,154 ISK
Estimated Monthly Salary: 1,386,346 ISK
Estimated Weekly Salary: 319,926 ISK per week
Estimated Hourly Salary: 7,998 ISK per hour
By working as Special Assets Manager a person can save up to 6,961 USD per month or 83,527 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Special Assets Manager

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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