Chief Credit Officer Salary

An average Chief Credit Officer in the United States can expect to take home roughly $129K annually. Location is the biggest factor affecting pay for this group, followed by experience level. Male Chief Credit Officers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Job satisfaction is reported as high by the vast majority of workers. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a majority.

$81,366 - $201,959
$81K
$130K
$200K
MEDIAN: $129,356
10%
50%
90%

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$0$223K
Salary $81,366 - $201,959
Bonus $4,587 - $44,850
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).
)
$83,863 - $223,936
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 114

Find Out Exactly What You Should Be Paid

Canada (change)

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.

Chief Credit Officer Job Listings

Popular Skills for Chief Credit Officer


Job skills reported by Chief Credit Officers are limited. Most notably, skills in Risk Management / Risk Control, Credit Control, Financial Analysis, and Loan Underwriting are correlated to pay that is above average. Those listing People Management as a skill should be prepared for drastically lower pay. Loan Underwriting and Financial Analysis also typically command lower compensation. Most people skilled in Credit Control are similarly competent in 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
23 %
Male
77 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.
1-4 years
6%
5-9 years
11%
10-19 years
32%
20 years or more
52%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Chief Credit Officer Salaries

▲7%

National Average
$140,000

▼9%

▼27%

Entry-Level
▼40%

Skills That Affect Chief Credit Officer Salaries

National Average
$140,000




Loan Underwriting
▼18%

People Management
▼21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

1-4 years
6%
5-9 years
11%
10-19 years
32%
20 years or more
52%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 80%
vision benefits
Vision: 64%
no benefits
None: 8%
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