Recovery Officer Salary in Joliet, IL

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How much does a Recovery Officer make in Joliet, IL? The average Recovery Officer salary in Joliet, IL is $47,351 as of May 28, 2024, but the salary range typically falls between $43,250 and $53,251. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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Salary range for a Recovery Officer

$43,250 to $53,251

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What is a Recovery Officer?

A Recovery Officer is responsible for managing and overseeing the recovery of outstanding debts from individuals or businesses. This role involves contacting debtors to negotiate payment plans, monitoring payment schedules, and taking legal action if necessary. Recovery Officers also work closely with legal and financial teams to ensure compliance with regulations and company policies. Additionally, they may be responsible for maintaining accurate records of all debt recovery activities and providing regular reports to management. Strong communication and negotiation skills, as well as a thorough understanding of debt recovery processes and regulations, are essential for success in this role.

See user submitted job responsibilities for Recovery Officer.

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Job Openings for Recovery Officer in Joliet, IL

Senior Asset Recovery Officer

Nmble - Miami , FL

Our client in Miami is looking for a Sr. Asset Recovery Loan Officer to join their team. The ideal candidate will have proven experience and growth in Asset Recovery, Lending and Loan Workout. Strong ...

LinkedIn - 33 days ago

CHIEF FINANCIAL OFFICER (CFO)

Nexus Recovery Center - Dallas , TX

Nexus Family Recovery Center, located in Dallas, TX, is seeking an experienced Chief Financial Officer (CFO) to join our team! This on-site position will be responsible for financial strategy ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 3 days ago

Consumer Special Assets Officer

F&M Trust - Chambersburg , PA

ABOUT THE ROLE F&M Trust is seeking a Special Assets Officer following the promotion of the ... This role is responsible for performing loss mitigation and recovery activities regarding ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 12 days ago

Chief Financial Officer

Recovery Consultants of Atlanta - Tucker , GA

Join our team at Recovery Consultants of Atlanta as the Chief Financial Officer and contribute your expertise to a dynamic non-profit organization dedicated to making a difference in the community

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 31 days ago

Case Manager - Detox Program

Santa Fe Recovery Center, Inc - Santa Fe , NM

The Case Manager will report to the Chief Prevention and Recovery Officer. This position works as part of the interdisciplinary team to facilitate and coordinate clients' continuum of care activities ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 45 days ago

Chief Executive Officer

Las Cruces Recovery Center - Las Cruces , NM

*Experience in a CEO/ COO/ Executive Director position in an inpatient addiction treatment facility is required* Summit BHC is opening a new addiction treatment facility in Las Cruces, NM in the fall ...

LinkedIn - 27 days ago

What does a Recovery Officer do?

Common responsibilities of a Recovery Officer

Developing and implementing policies and procedures to minimize the risk of non-payment and improve recovery rates.

September 10, 2023

Monitoring and tracking overdue accounts to ensure timely recovery of outstanding debts.

September 20, 2023

Contacting customers who have defaulted on their payments to negotiate repayment plans.

October 04, 2023

Investigating and resolving customer queries and disputes related to outstanding payments.

October 07, 2023

Updating and maintaining accurate records of customer interactions and payment arrangements.

October 11, 2023

Liaising with legal and collection agencies to initiate legal action or repossession of assets in case of non-payment.

October 18, 2023

Conducting financial assessments and risk analysis to determine the likelihood of successful debt recovery.

October 29, 2023

Collaborating with other departments such as sales, customer service, and finance to identify and address potential issues that may lead to non-payment.

November 10, 2023

Analyzing and reporting on the effectiveness of recovery strategies and making recommendations for improvement.

November 16, 2023

Providing regular updates to management on the status of overdue accounts and recovery efforts.

November 18, 2023

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Recovery Officer Salary By Experience Levels in Joliet, IL

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Recovery Officer Salary By Level of Education in Joliet, IL

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LEVEL OF EDUCATION

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Average Salary Range for Recovery Officer in Joliet, IL

Average Base Salary

Core compensation

43250

53251

47351

Average Total Cash Compensation

Includes base and annual incentives

44389

55043

48917

What is the average salary for Recovery Officer in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Recovery Officer in Joliet, IL. The base salary for Recovery Officer ranges from $43,250 to $53,251 with the average base salary of $47,351. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $44,389 to $55,043 with the average total cash compensation of $48,917.

View Average Salary for Recovery Officer as table

	Average Salary	Average Salary Range
Base Salary	$47,351	$43,250 - $53,251
Bonus	$1,566	$1,139 - $1,793
Total Pay	$48,917	$44,389 - $55,043

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Recovery Officer Salary Near Joliet, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Joliet, IL
CITY, STATE Bolingbrook, IL	AVERAGE SALARY RANGE $43,587 - $53,666	COMPARE TO Joliet, IL
CITY, STATE Orland Park, IL	AVERAGE SALARY RANGE $43,274 - $53,281	COMPARE TO Joliet, IL
CITY, STATE Tinley Park, IL	AVERAGE SALARY RANGE $43,180 - $53,164	COMPARE TO Joliet, IL
CITY, STATE Naperville, IL	AVERAGE SALARY RANGE $43,737 - $53,850	COMPARE TO Joliet, IL
CITY, STATE Aurora, IL	AVERAGE SALARY RANGE $44,178 - $54,394	COMPARE TO Joliet, IL
CITY, STATE Wheaton, IL	AVERAGE SALARY RANGE $43,819 - $53,951	COMPARE TO Joliet, IL

See salaries for Recovery Officer in locations close to Joliet, IL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Joliet, Illinois

Joliet is located at 41°31′14″N 88°09′02″W / 41.52056°N 88.15056°W / 41.52056; -88.15056 (41.5204200, -88.1505261). According to the 2010 census, Joliet has a total area of 62.768 square miles (162.57 km2), of which 62.11 square miles (160.86 km2) (or 98.95%) is land and 0.658 square miles (1.70 km2) (or 1.05%) is water. It has a sprawling, irregular shape that extends into nine different townships, more than any other Illinois city. They are: Joliet, Plainfield, Troy, New Lenox, Jackson, Channahon, and Lockport in Will County, and Na-Au-Say and Seward in Kendall County. Joliet is a Des Pl...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Debt Recovery Officer	LOCATION Joliet, IL	MINIMUM SALARY $44,457	MAXIMUM SALARY $53,030
JOB TITLE Credit Recovery Officer	LOCATION Joliet, IL	MINIMUM SALARY $56,690	MAXIMUM SALARY $77,329
JOB TITLE Recovery Nurse	LOCATION Joliet, IL	MINIMUM SALARY $88,890	MAXIMUM SALARY $111,390
JOB TITLE Recovery Coordinator	LOCATION Joliet, IL	MINIMUM SALARY $75,123	MAXIMUM SALARY $90,562
JOB TITLE Recovery Analyst	LOCATION Joliet, IL	MINIMUM SALARY $32,561	MAXIMUM SALARY $40,341
JOB TITLE Recovery Manager	LOCATION Joliet, IL	MINIMUM SALARY $143,050	MAXIMUM SALARY $172,341

The Recovery Officer job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Joliet, IL that might be a good fit for the type of job and salary you are looking for.

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43250

53251

About Joliet, Illinois Joliet is located at 41°31′14″N 88°09′02″W / 41.52056°N 88.15056°W / 41.52056; -88.15056 (41.5204200, -88.1505261). According to the 2010 census, J....More

Joliet, Illinois area prices were up 0.8% from a year ago

Recovery Officer Salary in popular cities: Chicago, Aurora, Rockford

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