Home > Salary > Nigeria > Collateral Manager
A collateral manager is responsible for managing the collateral assets of a financial institution or investment firm. They play a crucial role in assessing the risk associated with collateralized loans, such as mortgages or asset-backed securities, and ensuring that the value of collateral aligns with the loan amount. Their primary duties include monitoring collateral performance, conducting risk analysis, and implementing strategies to mitigate potential losses.
Collateral managers also work closely with clients and internal stakeholders to ensure compliance with regulatory requirements and internal policies. They may negotiate collateral agreements, assess the creditworthiness of borrowers, and provide recommendations on collateral valuation and risk management.
Estimated Yearly Salary: 5,717,878 NGN
Estimated Monthly Salary: 476,490 NGN
Estimated Weekly Salary: 109,959 NGN per week
Estimated Hourly Salary: 2,749 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 460,566 NGN
Estimated Weekly Salary: 106,285 NGN per week
Estimated Hourly Salary: 2,657 NGN per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 6,828 USD
Estimated Monthly Salary: 569 USD
Estimated Weekly Salary: 131 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 5,717,878 NGN
Estimated Monthly Salary: 476,490 NGN
Estimated Weekly Salary: 109,959 NGN per week
Estimated Hourly Salary: 2,749 NGN per hour
By working as Collateral Manager a person can save up to 363 USD per month or 4,361 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 Nigeria, see costs of living in Nigeria.
Estimated Yearly Salary for Collateral Manager
Last revision of data: 2025-01-04
Data as of 2025
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Collateral Manager salary in Nigeria
Average Yearly Salary of Collateral Manager in Nigeria is approximately 5,717,878 NGN (6,828 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 Collateral Manager do?
A collateral manager is responsible for managing the collateral assets of a financial institution or investment firm. They play a crucial role in assessing the risk associated with collateralized loans, such as mortgages or asset-backed securities, and ensuring that the value of collateral aligns with the loan amount. Their primary duties include monitoring collateral performance, conducting risk analysis, and implementing strategies to mitigate potential losses.
Collateral managers also work closely with clients and internal stakeholders to ensure compliance with regulatory requirements and internal policies. They may negotiate collateral agreements, assess the creditworthiness of borrowers, and provide recommendations on collateral valuation and risk management.
Skills: Collateral Manager, Risk Analysis, Asset Management, Financial Institution, Loan Collateral, Risk Mitigation
Job industry: Finance
Job industry: Finance
How much does Collateral Manager make?
Salary details
How much does Collateral Manager make?Estimated Yearly Salary: 5,717,878 NGN
Estimated Monthly Salary: 476,490 NGN
Estimated Weekly Salary: 109,959 NGN per week
Estimated Hourly Salary: 2,749 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 5,526,796 NGNEstimated Monthly Salary: 460,566 NGN
Estimated Weekly Salary: 106,285 NGN per week
Estimated Hourly Salary: 2,657 NGN per hour
Last revision of data: 2024-01-07Collateral Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,828 USD
Estimated Monthly Salary: 569 USD
Estimated Weekly Salary: 131 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
Nigeria is a country located in West Africa. It is the most populous country on the African continent, with a population of over 200 million people. The country covers an area of about 923,768 square kilometers, making it the 32nd largest country in the world. Nigeria shares borders with Niger, Chad, Cameroon, and Benin.
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Collateral Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Collateral Manager in Nigeria earns on average:
1.45 times the average salary (or 145% of average salary).
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Collateral Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Collateral Manager in Nigeria earns on average:
1.45 times the average salary (or 145% of average salary).
Is Collateral Manager a well paid job?
Yes, our data shows that Collateral 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 Collateral Manager?
High salary for Collateral Manager would be somewhere between 6,289,666 NGN and 8,290,923 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Collateral Manager in Nigeria?
Living in Nigeria the approximate monthly expenses are: 206 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: 5,717,878 NGN
Estimated Monthly Salary: 476,490 NGN
Estimated Weekly Salary: 109,959 NGN per week
Estimated Hourly Salary: 2,749 NGN per hour
By working as Collateral Manager a person can save up to 363 USD per month or 4,361 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 Nigeria, see costs of living in Nigeria.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Niger, Chad, Cameroon, Benin. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Collateral Manager
Cameroon is 2,203 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 Nigeria
(44,763,887 NGN per year, pre-tax.)
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(34,169,925 NGN per year, pre-tax.)
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(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Publisher (5,071,968 NGN per year, pre-tax.)
Public relations coordinator (2,997,035 NGN per year, pre-tax.)
Senior account supervisor (7,493,904 NGN per year, pre-tax.)
Products assembler (pharmaceutical health care products) (2,169,129 NGN per year, pre-tax.)
Nuclear medicine technologist (5,807,692 NGN per year, pre-tax.)
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