A person working as a Special Assets Manager in South Africa will on average earn $11570 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $11,570.00 |
| Weekly salary | $222.50 |
| Daily salary | $31.70 |
| Hourly salary | $3.96 |
This means special assets manager salary is above average!
Job Industry: banking
Description: 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.
Tagged with: Special Assets Manager, Distressed Assets, Non-performing Loans, Troubled Real Estate, Debt Restructuring, Risk Mitigation.