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Loan Quality Assurance Auditor Average Salary in Namibia 2024

How much money does a person working as Loan Quality Assurance Auditor make in Namibia?


Average Monthly Salary
19,900 NAD
( 239,000 NAD yearly)

LOW
9,560
NAD
AVERAGE
19,900
NAD
HIGH
31,300
NAD
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Loan Quality Assurance Auditor in Namibia typically earns around 19,900 NAD. Salaries range from 9,560 NAD (lowest) to 31,300 NAD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Loan Quality Assurance Auditor salaries in Namibia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Loan Quality Assurance Auditor Pay Scale and Salaries in Namibia

Median and salary distribution Namibia Loan Quality Assurance Auditor monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
18,600 NAD or more
10% of people earn
16,400 to 18,600 NAD
20% of people earn
11,500 NAD or less
65% of people earn
11,500 to 16,400 NAD
Minimum Salary
9,560 NAD
Median
18,700 NAD
Maximum
31,300 NAD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Loan Quality Assurance Auditor in Namibia range from 9,560 NAD (starting salary) to 31,300 NAD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 18,700 NAD, half of the professionals who work as Loan Quality Assurance Auditor in Namibia earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Loan Quality Assurance Auditor in Namibia earn less than 15,200 NAD, while 75% earn more. Similarly, the chart shows that 75% earn less than 21,500 NAD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Loan Quality Assurance Auditor in Namibia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 11,500 NAD to 16,400 NAD. About 20% of salaries are below the 11,500 NAD mark, while 10% fall within the range of 16,400 NAD to 18,600 NAD. Only 5% of individuals have salaries exceeding 18,600 NAD.

Salary Comparison by Years of Experience / Loan Quality Assurance Auditor / Namibia

How do experience and age affect pay?

0 - 2 Years
11,200 NAD
2 - 5 Years+42%
15,900 NAD
5 - 10 Years+31%
20,800 NAD
10 - 15 Years+23%
25,600 NAD
15 - 20 Years+6%
27,200 NAD
20+ Years+10%
29,800 NAD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Namibia Loan Quality Assurance Auditor
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Loan Quality Assurance Auditor and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 11,200 NAD.

While someone with an experience level between two and five years is expected to earn 15,900 NAD, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 20,800 NAD, 31% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 25,600 NAD, 23% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 27,200 NAD, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 29,800 NAD, 10% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Loan Quality Assurance Auditor / Namibia

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Loan Quality Assurance Auditor.

Bachelor's Degree
17,600 NAD
Master's Degree+43%
25,200 NAD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Namibia Loan Quality Assurance Auditor
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Loan Quality Assurance Auditor in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 17,600 NAD.


Level 2: Master's Degree

At this level, the average salary becomes 25,200 NAD, 43% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Namibia costs anywhere from 87,600 NAD to 263,000 NAD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Loan Quality Assurance Auditor / Namibia

Salary comparison by gender Namibia Loan Quality Assurance Auditor monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Loan Quality Assurance Auditor in Namibia, the average difference between the salary of male and female employees is 6%.

Male
20,700 NAD
Female-6%
19,400 NAD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Namibia for all Careers

Salary comparison by gender monthly Namibia
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Average Annual Salary Increment Percentage / Loan Quality Assurance Auditor / Namibia

How much are annual salary increments in Namibia for individuals working as Loan Quality Assurance Auditor? How often do employees get salary raises?

Individuals working as Loan Quality Assurance Auditor in Namibia are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Namibia Loan Quality Assurance Auditor
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Namibia / All Professions

Annual Salary Increment Rate Namibia
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Namibia is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Loan Quality Assurance Auditor / Namibia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Namibia Loan Quality Assurance Auditor
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35% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 65% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
65%
No Bonus
35%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Loan Quality Assurance Auditor / Namibia


110 NAD per hour

The average hourly wage (pay per hour) for individuals working as Loan Quality Assurance Auditor in Namibia is 110 NAD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Loan Quality Assurance Auditor in Namibia is 55 NAD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
AML Analyst27,000 NAD+36%
Assistant Bank Branch Manager21,800 NAD+9%
Assistant Bank Manager28,900 NAD+45%
ATM Manager25,600 NAD+29%
ATM Service Technician6,710 NAD-66%
Bank Accounts Analyst10,400 NAD-48%
Bank Accounts Collector6,080 NAD-69%
Bank Accounts Controller13,100 NAD-34%
Bank Accounts Executive18,500 NAD-7%
Bank Accounts Manager22,600 NAD+14%
Bank Auditing Manager22,700 NAD+14%
Bank Branch Manager31,300 NAD+57%
Bank Branch Operations Coordinator13,200 NAD-34%
Bank Clerk6,250 NAD-69%
Bank Client Service Associate8,620 NAD-57%
Bank Collector6,280 NAD-68%
Bank Compliance Specialist16,300 NAD-18%
Bank Manager37,500 NAD+88%
Bank Operational Risk Manager37,500 NAD+88%
Bank Operations Head38,400 NAD+93%
Bank Operations Officer14,100 NAD-29%
Bank Operations Specialist22,300 NAD+12%
Bank Process Manager21,500 NAD+8%
Bank Product Manager 23,200 NAD+17%
Bank Programme Manager23,800 NAD+20%
Bank Project Manager28,600 NAD+44%
Bank Propositions Manager26,600 NAD+34%
Bank Quantitative Analyst18,800 NAD-6%
Bank Regional Manager38,900 NAD+95%
Bank Regional Risk Officer20,100 NAD+1%
Bank Relationship Manager27,100 NAD+36%
Bank Relationship Officer12,300 NAD-38%
Bank Sustainability Analyst21,100 NAD+6%
Bank Teller6,810 NAD-66%
Banker13,400 NAD-33%
Banking Business Analyst19,300 NAD-3%
Banking Business Development Officer11,900 NAD-40%
Banking Business Planning Executive28,400 NAD+43%
Banking Data Analyst22,700 NAD+14%
Banking Product Manager24,600 NAD+24%
Banking Reference Data Manager20,900 NAD+5%
Banking Regulatory Compliance Officer22,100 NAD+11%
Banking Risk Analyst19,700 NAD-1%
Banking Technical Analyst10,200 NAD-49%
Bankruptcy Coordinator13,900 NAD-30%
Bill and Account Collector6,890 NAD-65%
Blockchain Analyst15,800 NAD-21%
Blockchain Architect19,200 NAD-4%
Blockchain Auditor16,200 NAD-19%
Blockchain Compliance Analyst17,500 NAD-12%
Blockchain Consultant17,500 NAD-12%
Blockchain Trade Facilitator15,800 NAD-21%
Budget Analyst18,900 NAD-5%
Capital Risk Manager35,200 NAD+77%
Cards Marketing Manager24,400 NAD+23%
Cash Management Manager35,000 NAD+76%
Check Processing Manager24,600 NAD+24%
Chief Blockchain Officer21,900 NAD+10%
Commercial Vault Associate18,200 NAD-9%
Corporate Banker14,400 NAD-28%
Corporate Dealer19,500 NAD-2%
Credit Analyst15,500 NAD-22%
Credit and Collections Manager25,500 NAD+28%
Credit Card Fraud Investigator20,500 NAD+3%
Credit Portfolio Manager35,100 NAD+76%
Credit Risk Analyst21,400 NAD+7%
Credit Risk Associate20,200 NAD+1%
Cryptocurrency Accountant11,900 NAD-40%
Cryptocurrency Adviser24,200 NAD+22%
Cryptocurrency Analyst17,200 NAD-14%
Cryptocurrency Compliance Manager22,500 NAD+13%
Cryptocurrency Trader19,100 NAD-4%
Digital Banking Manager26,700 NAD+34%
Digital Currency Analyst18,500 NAD-7%
Direct Bank Sales Representative13,400 NAD-33%
Exchange Control Consultant20,700 NAD+4%
Executive Account Analyst18,100 NAD-9%
Financial Bank Planning Consultant25,500 NAD+28%
Financial Banking Analysis Manager27,800 NAD+40%
Financial Banking Assistant9,440 NAD-53%
Financial Banking Systems Manager25,600 NAD+29%
Foreign Exchange Manager28,800 NAD+45%
Fraud Analyst21,000 NAD+5%
Fraud Detection Associate13,600 NAD-32%
Fraud Detection Manager29,000 NAD+46%
Fraud Detection Supervisor17,200 NAD-14%
Internal Bank Audit Manager35,800 NAD+80%
Internal Bank Auditor18,100 NAD-9%
Internal Private Banker13,300 NAD-33%
International Banking Manager40,100 NAD+100%
Investment Banking Analyst27,300 NAD+37%
Loan Analyst18,700 NAD-6%
Loan Area Manager24,100 NAD+21%
Loan Audit Team Leader22,600 NAD+14%
Loan Branch Manager21,300 NAD+7%
Loan Business Development Officer12,000 NAD-40%
Loan Clerk6,690 NAD-66%
Loan Collection and Recovery Manager22,600 NAD+14%
Loan Collection Manager23,800 NAD+20%
Loan Collector6,470 NAD-68%
Loan Examiner8,200 NAD-59%
Loan Officer7,480 NAD-62%
Loan Processing Manager21,200 NAD+6%
Loan Processor8,440 NAD-58%
Loan Quality Assurance Auditor19,900 NAD-0%
Loan Quality Assurance Manager21,100 NAD+6%
Loan Quality Assurance Representative14,700 NAD-26%
Loan Review Manager21,100 NAD+6%
Loan Team Leader19,800 NAD-1%
Loans Manager26,000 NAD+31%
Mortgage Advisor13,000 NAD-35%
Mortgage Collection Manager23,000 NAD+16%
Mortgage Collector6,090 NAD-69%
Mortgage Credit Analyst10,400 NAD-48%
Mortgage Credit Manager20,800 NAD+4%
Mortgage Development Manager25,000 NAD+26%
Mortgage Document Reviewer8,080 NAD-59%
Mortgage Funding Manager25,200 NAD+27%
Mortgage Operations Manager31,900 NAD+60%
Mortgage Payment Processing Clerk7,390 NAD-63%
Mortgage Processing Manager21,200 NAD+6%
Mortgage Processor8,740 NAD-56%
Mortgage Quality Assurance Auditor18,200 NAD-9%
Mortgage Quality Assurance Manager21,800 NAD+9%
Mortgage Servicing Clerk6,420 NAD-68%
Mortgage Servicing Manager21,400 NAD+7%
Mortgage Underwriter7,750 NAD-61%
Online Banking Manager32,400 NAD+63%
Open Banking Strategist19,400 NAD-3%
Payment Processing Clerk6,950 NAD-65%
Personal Banker14,000 NAD-30%
Personal Banking Advisor 13,900 NAD-30%
Phone Banker9,440 NAD-53%
Private Banker13,500 NAD-32%
Reconciliation and Investigation Specialist15,000 NAD-25%
Tax Officer11,700 NAD-41%
Teller6,650 NAD-67%
Trade Officer7,910 NAD-60%
Trade Product Manager21,500 NAD+8%
Trader9,480 NAD-52%
Treasury Operations Officer16,900 NAD-15%
Wealth Management Advisor28,300 NAD+42%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Namibia is 7% on average across all career fields.

Private Sector
16,800 NAD
Public Sector+7%
18,000 NAD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Loan Quality Assurance Auditor in Namibia?

A good and competitive compensation would range anywhere between 18,700 NAD and 21,500 NAD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Loan Quality Assurance Auditor in Namibia ranges from 9,560 NAD to 15,200 NAD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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