Median pay for Chief Credit Officers in the United States lies in the neighborhood of $124K per year. The majority of workers are highly satisfied with their job. Among survey respondents, men are more common than women; 85 percent of Chief Credit Officers are male. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance.

$88,680 - $192,208
$89K
$120K
$190K
MEDIAN: $123,654
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$80K$160K$240K
Salary
$88,680 - $192,208  
   
Bonus
$4,785 - $41,459  
Profit Sharing
$18,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$90,659 - $221,571  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 114

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United States (change)

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Job Description for Chief Credit Officer

A chief credit officer is a senior company executive whose job is to develop and manage a company's overall credit strategy. Those in this position develop credit risk strategies and oversee loan portfolios with the objective of maintaining high-quality borrowing strategies, and implementing risk-mitigation strategies, for the company.

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Chief Credit Officer Tasks

  • Utilize an established network of contacts to initiate, lead, and negotiate business transactions for long and short-term credit loans.
  • Provide recommendations for policy revisions and advise lending management on potential risk.
  • Ensure compliance with regulations, credit delivery systems, and reporting credit related activities.
  • Direct the credit division and oversee loan portfolios with an eye for risk management.

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Popular Skills for Chief Credit Officer


Survey results show that Chief Credit Officers typically report just a few professional skills. Most notably, skills in Financial Analysis, Credit Control, Risk Management / Risk Control, and Loan Underwriting are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include People Management and Loan Underwriting. Those educated in Credit Control tend to be well versed in Risk Management / Risk Control.

Pay by Experience Level for Chief Credit Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Although employees with less than five years' experience earn around $84K on average, the five-to-10 year group has a much higher, six-figure median of $105K. For Chief Credit Officers, 10 to 20 years of experience on the job amounts to an average salary of $130K. Chief Credit Officers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $146K.

Related Job Salaries

Key Stats for Chief Credit Officer

Gender

Female
15 %
Male
85 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.
1-4 years
4%
5-9 years
8%
10-19 years
32%
20 years or more
55%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Credit Officer Salaries


National Average
$132,000


Mid-Career
up arrow 20%

Entry-Level
up arrow 36%

Skills That Affect Chief Credit Officer Salaries

National Average
$132,000



Risk Management / Risk Control
up arrow 2%

Loan Underwriting
up arrow 13%

People Management
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.

Gender

Female
15 %
Male
85 %

Years of Experience

1-4 years
4%
5-9 years
8%
10-19 years
32%
20 years or more
55%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 73%
vision benefits
Vision: 60%
dental benefits
None: 9%
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