The average VP of Credit in the United States earns approximately $103K per year. In the world of VPs of Credit, total cash compensation can vary between $76K and $165K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $31K and $15K, respectively. Generally, women make up less than a third of all VPs of Credit who answered the questionnnaire. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to more than half. Job satisfaction for VPs of Credit is high. The data for this synopsis comes from respondents who took the PayScale salary survey.
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).
$75,529 - $164,664
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 97
Job Description for Vice President (VP), Credit
Monitor existing portfolio and make recommendations to management.
Assess and evaluate new credits before submitting them to management.
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.