Home > Salary > Iceland > Special Assets Officer
A Special Assets Officer is responsible for managing and mitigating the risks associated with non-performing loans and distressed assets within a financial institution. They work closely with borrowers who are experiencing financial difficulties and develop strategies to minimize losses and maximize recoveries. The officer conducts thorough analysis of loan portfolios, assesses collateral values, and negotiates repayment plans or loan modifications. They also collaborate with legal teams to initiate foreclosure proceedings or pursue legal actions when necessary.
Estimated Yearly Salary: 13,359,967 ISK
Estimated Monthly Salary: 1,113,331 ISK
Estimated Weekly Salary: 256,922 ISK per week
Estimated Hourly Salary: 6,423 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,072,202 ISK
Estimated Weekly Salary: 247,431 ISK per week
Estimated Hourly Salary: 6,186 ISK per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 93,411 USD
Estimated Monthly Salary: 7,784 USD
Estimated Weekly Salary: 1,796 USD per week
Estimated Hourly Salary: 45 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 13,359,967 ISK
Estimated Monthly Salary: 1,113,331 ISK
Estimated Weekly Salary: 256,922 ISK per week
Estimated Hourly Salary: 6,423 ISK per hour
By working as Special Assets Officer a person can save up to 5,055 USD per month or 60,665 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.
Estimated Yearly Salary for Special Assets Officer
Last revision of data: 2025-01-04
Data as of 2025
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Special Assets Officer salary in Iceland
Average Yearly Salary of Special Assets Officer in Iceland is approximately 13,359,967 ISK (93,411 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 Officer do?
A Special Assets Officer is responsible for managing and mitigating the risks associated with non-performing loans and distressed assets within a financial institution. They work closely with borrowers who are experiencing financial difficulties and develop strategies to minimize losses and maximize recoveries. The officer conducts thorough analysis of loan portfolios, assesses collateral values, and negotiates repayment plans or loan modifications. They also collaborate with legal teams to initiate foreclosure proceedings or pursue legal actions when necessary.
Skills: Special Assets Officer, Risk Management, Non-performing Loans, Distressed Assets, Loan Portfolio Analysis, Collateral Valuation, Loan Modification, Foreclosure Proceedings
Job industry: Banking
Job industry: Banking
How much does Special Assets Officer make?
Salary details
How much does Special Assets Officer make?Estimated Yearly Salary: 13,359,967 ISK
Estimated Monthly Salary: 1,113,331 ISK
Estimated Weekly Salary: 256,922 ISK per week
Estimated Hourly Salary: 6,423 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 12,866,425 ISKEstimated Monthly Salary: 1,072,202 ISK
Estimated Weekly Salary: 247,431 ISK per week
Estimated Hourly Salary: 6,186 ISK per hour
Last revision of data: 2024-01-08Special Assets Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 93,411 USD
Estimated Monthly Salary: 7,784 USD
Estimated Weekly Salary: 1,796 USD per week
Estimated Hourly Salary: 45 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Special Assets Officer job salary compared to average salary in Iceland.
Comparison shows that a person working as Special Assets Officer in Iceland earns on average:
1.49 times the average salary (or 149% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Special Assets Officer job salary compared to average salary in Iceland.
Comparison shows that a person working as Special Assets Officer in Iceland earns on average:
1.49 times the average salary (or 149% of average salary).
Is Special Assets Officer a well paid job?
Yes, our data shows that Special Assets Officer 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 Officer?
High salary for Special Assets Officer would be somewhere between 14,695,964 ISK and 19,371,952 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Special Assets Officer 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: 13,359,967 ISK
Estimated Monthly Salary: 1,113,331 ISK
Estimated Weekly Salary: 256,922 ISK per week
Estimated Hourly Salary: 6,423 ISK per hour
By working as Special Assets Officer a person can save up to 5,055 USD per month or 60,665 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 Officer
Norway is 130,248 USD
United Kingdom is 61,411 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Broadcast production business affairs manager (14,886,872 ISK per year, pre-tax.)
Natural resources manager (13,514,144 ISK per year, pre-tax.)
Motor vehicle supervisor (5,614,676 ISK per year, pre-tax.)
Quantity surveyor (8,303,429 ISK per year, pre-tax.)
Osp design engineer (9,489,633 ISK per year, pre-tax.)
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