Recovery Officer Salary in Peoria, IL

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How much does a Recovery Officer make in Peoria, IL? The average Recovery Officer salary in Peoria, IL is $44,484 as of May 28, 2024, but the salary range typically falls between $40,631 and $50,026. 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

$40,631 to $50,026

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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 Peoria, 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 Peoria, 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 Peoria, IL

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Recovery Officer in Peoria, IL

Average Base Salary

Core compensation

40631

50026

44484

Average Total Cash Compensation

Includes base and annual incentives

41701

51711

45955

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 Peoria, IL. The base salary for Recovery Officer ranges from $40,631 to $50,026 with the average base salary of $44,484. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $41,701 to $51,711 with the average total cash compensation of $45,955.

View Average Salary for Recovery Officer as table

	Average Salary	Average Salary Range
Base Salary	$44,484	$40,631 - $50,026
Bonus	$1,471	$1,070 - $1,684
Total Pay	$45,955	$41,701 - $51,711

* 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 Peoria, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Peoria, IL
CITY, STATE Normal, IL	AVERAGE SALARY RANGE $40,460 - $49,816	COMPARE TO Peoria, IL
CITY, STATE Bloomington, IL	AVERAGE SALARY RANGE $40,348 - $49,678	COMPARE TO Peoria, IL
CITY, STATE Springfield, IL	AVERAGE SALARY RANGE $39,968 - $49,210	COMPARE TO Peoria, IL
CITY, STATE Moline, IL	AVERAGE SALARY RANGE $39,331 - $48,426	COMPARE TO Peoria, IL
CITY, STATE Rock Island, IL	AVERAGE SALARY RANGE $39,592 - $48,747	COMPARE TO Peoria, IL
CITY, STATE Davenport, IA	AVERAGE SALARY RANGE $40,085 - $49,354	COMPARE TO Peoria, IL

See salaries for Recovery Officer in locations close to Peoria, 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 Peoria, Illinois

Peoria (/piˈɔːriə/ pee-OR-ee-ə) is the county seat of Peoria County, Illinois, and the largest city on the Illinois River. Established in 1691 by the French explorer Henri de Tonti, Peoria is the oldest European settlement in Illinois, and is named after the Peoria tribe. As of the 2010 census, the city was the seventh-most populated in Illinois (and the third largest outside the Chicago metropolitan area), with a population of 115,007. The Peoria Metropolitan Statistical Area had a population of 373,590 in 2011. Until 2018, Peoria was the global and national headquarters for Caterpillar Inc.,...

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

View Salary for Similar Jobs to Recovery Officer in Peoria, IL

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Debt Recovery Officer	LOCATION Peoria, IL	MINIMUM SALARY $44,457	MAXIMUM SALARY $53,030
JOB TITLE Credit Recovery Officer	LOCATION Peoria, IL	MINIMUM SALARY $56,690	MAXIMUM SALARY $77,329
JOB TITLE Recovery Nurse	LOCATION Peoria, IL	MINIMUM SALARY $83,490	MAXIMUM SALARY $104,690
JOB TITLE Recovery Coordinator	LOCATION Peoria, IL	MINIMUM SALARY $70,574	MAXIMUM SALARY $85,079
JOB TITLE Recovery Analyst	LOCATION Peoria, IL	MINIMUM SALARY $30,589	MAXIMUM SALARY $37,898
JOB TITLE Recovery Manager	LOCATION Peoria, IL	MINIMUM SALARY $134,388	MAXIMUM SALARY $161,906

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 Peoria, IL that might be a good fit for the type of job and salary you are looking for.

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40631

50026

About Peoria, Illinois Peoria (/piˈɔːriə/ pee-OR-ee-ə) is the county seat of Peoria County, Illinois, and the largest city on the Illinois River. Established in 1691 by the ....More

Peoria, Illinois area prices were up 1.3% from a year ago

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