The average salary for a Senior Credit Officer in Australia is AU$65,658.
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AU$57k - AU$85k
AU$0 - AU$10k
AU$56k - AU$84k
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Job Description for Senior Credit Officer
A senior credit officer, sometimes referred to as the chief credit officer, is a senior manager within a financial institution such as a bank or credit union. They handle a number of tasks, including creating procedures and policies for credit and loans, implementing a system of credit analysis and quality assurance for loans, and examining files for credit assurance and collateral documentation. Senior credit officers also prepare written analyses regarding large loans, identify problematic loa…Read more
Senior Credit Officer Tasks
- Analyze financial information to determine credit quality, approve credit, and document risk factors.
- Develop and document risk mitigation standards and processes.
- Investigate and understand discrepancies, problems, and unusual situations.
- Document and report on lending relationships' status and quality.
- Direct due diligence and portfolio assessment practices, evaluating work.
Senior Credit Officer Job Listings
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Popular Skills for Senior Credit Officer
Risk Management / Risk Control
Skills in Credit Control, Bill Collections, Banking and Risk Management / Risk Control are correlated to pay that is above average.
Pay by Experience Level for Senior Credit Officer
An early career Senior Credit Officer with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of AU$69,495 based on 5 salaries. A mid-career Senior Credit Officer with 5-9 years of experience earns an average total compensation of AU$60,605 based on 13 salaries. An experienced Senior Credit Officer with 10-19 years of experience earns an average total compensation of AU$65,745 based on 25 salaries. In their late career (20 years and higher), employees earn an average total compensation of AU$64,549.
Pay Difference by Location
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Employees with Senior Credit Officer in their job title in Sydney, New South Wales earn an average of 10.9% more than the national average. These job titles also find higher than average salaries in Perth, Western Australia (4.8% more). The lowest salaries can be found in Brisbane, Queensland (5.0% less) and Melbourne, Victoria (0.5% less).
Years of Experience
This data is based on 59 survey responses.
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