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Chief Credit Officer Salary

Median pay for Chief Credit Officers in the United States lies in the neighborhood of $119K per year. Total cash compensation to Chief Credit Officers bottoms out near $84K and approaches $194K on the high end; the biggest paychecks include approximately $35K from bonuses and almost $65K from profit sharing. Chief Credit Officers who took the survey are largely men, dominating at 85 percent. Most Chief Credit Officers report high levels of job satisfaction. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority.

$81,608 - $172,913
(Median)
$82K
$120K
$170K
MEDIAN: $119,076
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70K$140K$210K
Salary
$81,608 - $172,913  
   
Bonus
$0.00 - $34,865  
Profit Sharing
$997 - $65,447  
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).
)
$84,465 - $194,088  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 216

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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.

Chief Credit Officer Job Listings

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Chief Credit Officers only report a few specific skills. Fortunate workers who know Risk Management / Risk Control command much higher paychecks, scoring salaries 40 percent above average. Skills that pay less than market rate include Loan Underwriting and Financial Analysis. Financial Analysis is a skill commonly found among those who know Credit Control.

Pay by Experience Level for Chief Credit Officer

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


For many Chief Credit Officers, more experience generally translates to higher pay. Whereas the median salary for inexperienced employees is approximately $85K, incomes in the five-to-10 year group are significantly higher, averaging to the comfortable six-figure sum of $111K. On average, Chief Credit Officers make $122K following one to two decades on the job. 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 $134K.

Related Job Salaries

United States (change)

Experience Affects Chief Credit Officer Salaries

Late-Career
up arrow 7%

National Average
$125,000

Experienced
up arrow 2%

Mid-Career
up arrow 11%

Entry-Level
up arrow 32%

Skills That Affect Chief Credit Officer Salaries

Risk Management / Risk Control
up arrow 40%

Credit Control
up arrow 2%

National Average
$125,000


Loan Underwriting
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.

Gender

Female
15 %
Male
85 %

Years of Experience

1-4 years
3%
5-9 years
9%
10-19 years
31%
20 years or more
57%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 74%
vision benefits Vision: 61% employee benefits None: 5%