Vice President (VP), Credit Salary
Job Description for Vice President (VP), Credit
- Assist the Chief Credit Officer in monitoring for and managing credit risk within the bank's lending activities.
- Provide feedback to lenders and assist in deal discussions to mediate issues.
- Monitor existing portfolio and make recommendations to management.
- Assess and evaluate new credits before submitting them to management.
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Popular Skills for Vice President (VP), Credit
Survey takers who work as VPs of Credit report a focused set of job skills. Most notably, skills in Risk Management / Risk Control, Loan Underwriting, Financial Analysis, and Credit Control are correlated to pay that is above average. Skills that seem to negatively impact pay include Credit Control and Financial Analysis. Most people familiar with Financial Analysis also know Loan Underwriting.
Pay by Experience Level for Vice President (VP), Credit
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For VPs of Credit, more experience in the field does not usually mean bigger paychecks. During the first five years of their careers, VPs of Credit see a median income of $102K. Survey respondents with five to 10 years of experience report an only modestly higher median of $105K. After working for 10 to 20 years, VPs of Credit make a median salary of $121K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $126K.
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Key Stats for Vice President (VP), Credit
Rated 5 out of 5
based on 26 votes.