Chief Credit Officer Salary

Chief Credit Officers in the United States can expect wages of $119K annually on average. In the world of Chief Credit Officers, overall cash allowance can occasionally include more than $39K from bonuses and, in some exceptional cases, $24K from profit sharing, causing incomes to vary widely between $84K and $193K. The vast majority (87 percent) of Chief Credit Officers who answered the questionnaire are male. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Most Chief Credit Officers like their work and job satisfaction is high.

$82,244 - $177,082
(Median)
$82K
$120K
$180K
MEDIAN: $119,251
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$70K$140K$210K
Salary
$82,244 - $177,082  
   
Bonus
$0.00 - $38,735  
Profit Sharing
$997 - $24,240  
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).
)
$83,630 - $193,221  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 214
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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

  • 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.
  • 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.

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Popular Skills for Chief Credit Officer


Typical 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 seem to negatively impact pay include Loan Underwriting and Financial Analysis. Most people experienced in Credit Control also 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. Respondents with less than five years' experience take home $84K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $106K. Chief Credit Officers bring in $123K after working for 10 to 20 years. 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 $139K.

Related Job Salaries

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Experience Affects Chief Credit Officer Salaries


National Average
$125,000


Mid-Career
up arrow 15%

Entry-Level
up arrow 33%

Skills That Affect Chief Credit Officer Salaries

Risk Management / Risk Control
up arrow 7%

Credit Control
up arrow 1%

National Average
$125,000

Financial Analysis
up arrow 3%

Loan Underwriting
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 40 votes.

Gender

Female
13 %
Male
87 %

Years of Experience

1-4 years
3%
5-9 years
7%
10-19 years
34%
20 years or more
57%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 73%
medical benefits
Vision: 60%
dental benefits
None: 7%
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