As of March 01, 2025, the average annual salary for a Bankruptcy Specialist III in Rockford, IL is $58,730. According to Salary.com, salaries can range from a low of $45,511 to a high of $71,388, with most professionals earning between $51,810 and $65,356.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $66,894 | $5,575 | $1,286 | $32 |
| Average | $60,112 | $5,009 | $1,156 | $29 |
| 25th Percentile | $53,030 | $4,419 | $1,020 | $25 |
An entry-level Bankruptcy Specialist III with under 1 year experience makes about $54,931. With less than 2 years of experience, a mid-level Bankruptcy Specialist III makes around $55,441. After 2-4 years, the Bankruptcy Specialist III pay rises to about $57,277. Those senior Bankruptcy Specialist III with 5-8 years of experience earn roughly $60,432, and those Bankruptcy Specialist III having 8 years or more experience are expected to earn about $61,701 on average.
| Levels | Salary |
|---|---|
| Entry Level Bankruptcy Specialist III | $54,931 |
| Intermediate Level Bankruptcy Specialist III | $55,441 |
| Senior Level Bankruptcy Specialist III | $57,277 |
| Specialist Level Bankruptcy Specialist III | $60,432 |
| Expert Level Bankruptcy Specialist III | $61,701 |
| Entry Level | 9% |
| Mid Level | 8% |
| Senior Level | 5% |
| Top Level | 1% |
| Experienced | 3% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Written Communication: Communicating information through written media to educate, inform and influence the target audience.
Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
Claim Reviews: A claims review is the process in which the underwriter reviews a claim to assure that it meets a set of standards.
| Skill | Salary | Demand |
|---|---|---|
|
Written Communication
|
$82,221 |
40%
|
|
Time Management
|
$80,460 |
37%
|
|
Financial Services
|
$77,523 |
32%
|
|
Planning
|
$73,412 |
25%
|
|
Problem Solving
|
$71,650 |
22%
|
|
Mortgage Loans
|
$62,841 |
7%
|
