Debt settlement manager salary

Working as a Debt Restructuring Officer

Working as a debt restructuring officer involves helping individuals and businesses manage and restructure their debts. The role includes providing advice, making financial assessments, and assisting clients in reaching sustainable solutions to manage their debts. Debt restructuring officers often work for municipalities, debt collection agencies, or other organizations that handle debt restructuring and financial counseling.

Salary for Debt Restructuring Officers

I have researched the salary situation for debt restructuring officers and found that the median salary is 34 200 SEK per month. Men in the profession earn an average of 35 300 SEK, while women have an average salary of 33 600 SEK, meaning that women earn 95% of what men do. An hourly debt restructuring officer has an average hourly wage of 206 SEK based on 166 working hours per month.

Salary Distribution and Changes

It is also interesting to note that the average salary for the profession has increased from 32 000 SEK to 34 200 SEK since the last measurement. The highest salary for a debt restructuring officer is 39300 SEK, which belongs to a female private sector worker. The highest salary for a male in the same profession is 37000 SEK. On the other hand, the lowest salary for a debt restructuring officer is 33500 SEK, belonging to a woman with a high school education. The lowest salary for men is 33 600 SEK.

Education and Qualifications

To become a debt restructuring officer, it is usually recommended to have an education in economics, law, or administration. However, there are no specific requirements for a university education, and it is possible to work in the field with relevant experience and basic training. Some employers may offer internal training to provide you with the knowledge and skills required to successfully perform the job.

Working Conditions and Benefits

The working conditions for debt restructuring officers can vary depending on the employer. Many work in offices, and there may be opportunities for flexible working hours or remote work. Although benefits such as paid training or work tools like mobile phones are not always explicitly mentioned, they may exist depending on the employer and the nature of the employment.

Future Outlook and Competition

The profession of debt restructuring officer is part of the larger category of debt collectors and pawnbrokers. According to available information from the Swedish Public Employment Service, there is no specific forecast for job prospects in this profession due to limited data. This means that one needs to be aware that competition and future prospects can vary depending on the region and employer.

Challenges and Opportunities

Working as a debt restructuring officer can pose challenges, especially when dealing with stressful situations and difficult financial cases. It is important to have good communication skills and empathy to be able to help clients effectively. At the same time, the profession offers opportunities to make a real difference in people's lives by helping them regain control of their financial situation.

Summary

Debt restructuring officers play a crucial role in helping individuals and businesses manage their debts and create a sustainable financial future. With an average salary of 34 200 SEK and opportunities for development and specialization in the field, this profession can be a challenging yet rewarding choice for those interested in finance and counseling.