Chief Credit Officer Salary

For Chief Credit Officers, annual average wages total $125K per year. Residence and experience level each impact pay for this group, with the former having the largest influence. Among survey respondents, men are more common than women; 86 percent of Chief Credit Officers are male. Job satisfaction is high and work is enjoyable for most Chief Credit Officers. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance.

$83,389 - $198,659
$83K
$120K
$200K
MEDIAN: $125,000
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
$83,389 - $198,659  
   
Bonus
$4,554 - $40,406  
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).
)
$87,406 - $226,233  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 106

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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 imply that Chief Credit Officers put a diverse skill set to use. 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 seem to negatively impact pay include People Management, Loan Underwriting, and Financial Analysis. Those familiar with Credit Control also tend to know 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.


Chief Credit Officers with a lot of experience tend to enjoy higher earnings. Professionals with less than five years' experience earn a median of $84K annually, but folks with five to 10 years under their belts report a weighty six-figure median of $102K. The average pay reported by folks with 10 to 20 years of experience is around $128K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $150K.

Related Job Salaries

Key Stats for Chief Credit Officer

Gender

Female
14 %
Male
86 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.
1-4 years
5%
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

▲12%

National Average
$134,000

▼5%

▼24%

Entry-Level
▼37%

Skills That Affect Chief Credit Officer Salaries

National Average
$134,000




Loan Underwriting
▼14%

People Management
▼18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.

Gender

Female
14 %
Male
86 %

Years of Experience

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

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 74%
vision benefits
Vision: 61%
dental benefits
None: 8%
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