Vice President (VP), Credit Salary
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|Salary||$79,540 - $150,040|
|Bonus||$2,909 - $36,766|
|Total Pay (||$81,030 - $169,996|
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.
Popular Skills for Vice President (VP), Credit
Survey takers who work as VPs of Credit typically report just a few professional skills. Most notably, skills in Risk Management / Risk Control, Financial Analysis, Loan Underwriting, and Credit Control are correlated to pay that is above average. Skills that seem to negatively impact pay include Credit Control, Loan Underwriting, and Financial Analysis. Most people who know 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.
Individuals who have worked for fewer than five years report earning $102K on average, a generous six-figure sum for those just starting out. On average, VPs of Credit make $136K following one to two decades on the job. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $113K.
Pay Difference by Location
For those looking to make money, VPs of Credit in New York enjoy an exceptional pay rate, 20 percent above the national average. VPs of Credit will also find cushy salaries in Chicago (+11 percent).
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Key Stats for Vice President (VP), Credit
Rated 5 out of 5
based on 23 votes.