Chief Credit Officer Salary

An average Chief Credit Officer in the United States can expect to take home roughly $126K annually. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. There are far more male Chief Credit Officers survey respondents than women, making up 81 percent. The majority of workers are highly satisfied with their job. Medical benefits are awarded to nearly all, and a strong majority earn dental coverage.

$81,799 - $197,972
$82K
$130K
$200K
MEDIAN: $126,108
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
$81,799 - $197,972  
   
Bonus
$4,605 - $41,217  
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).
)
$86,417 - $225,696  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 117

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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


Chief Credit Officers report a focused set of job skills. Most notably, skills in Risk Management / Risk Control, Credit Control, Financial Analysis, and Loan Underwriting are correlated to pay that is above average. Skills that pay less than market rate include People Management, Loan Underwriting, and Financial Analysis. The majority of those who know Credit Control also know Risk Management / Risk Control.

Pay by Experience Level for Chief Credit Officer

Pay by Experience for a Chief Credit Officer has a positive trend. An entry-level Chief Credit Officer with less than 5 years of experience can expect to earn an average total compensation of $84,000 based on 7 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Chief Credit Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $102,000 based on 19 salaries. An experienced Chief Credit Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $128,000 based on 43 salaries. A Chief Credit Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $150,000 based on 58 salaries.

Related Job Salaries

Key Stats for Chief Credit Officer

Gender

Female
19 %
Male
81 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.
1-4 years
5%
5-9 years
10%
10-19 years
29%
20 years or more
56%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Credit Officer Salaries

▲11%

National Average
$135,000

▼5%

▼25%

Entry-Level
▼38%

Skills That Affect Chief Credit Officer Salaries

National Average
$135,000




Loan Underwriting
▼15%

People Management
▼18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.

Gender

Female
19 %
Male
81 %

Years of Experience

1-4 years
5%
5-9 years
10%
10-19 years
29%
20 years or more
56%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 77%
vision benefits
Vision: 61%
no benefits
None: 9%
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