The average salary for a Senior Credit Officer is AU$62,212 per year. Most people in this job have more than five years' experience in related jobs.

AU$51,454 - AU$80,157
AU$51K
AU$62K
AU$80K
MEDIAN: AU$62,212
10%
50%
90%
AU$25.87 - AU$31.02
AU$29
MEDIAN: AU$29.00
50%
AU$0AU$80K
Salary AU$51,454 - AU$80,157
Bonus AU$6,000
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).
)
AU$52,015 - AU$80,392
  • Country: Australia
  • Currency: AUD
  • Updated: 20 Jan 2018
  • Individuals Reporting: 53
Hourly Data AU$0AU$61
Hourly Rate AU$29.00
Overtime AU$61.20
Annual Data AU$0AU$80K
Bonus AU$6,000
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).
)
AU$52,015 - AU$80,392
  • Country: United States
  • Currency: AUD
  • Updated: 20 Jan 2018
  • Individuals Reporting: 6

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 loans, provide quarterly analyses regarding loan and lease allowances and losses, and prepare board reports. As a supervisor, senior credit officers are required to have extensive knowledge of relevant mathematical concepts (primarily probability and statistics), as well as the ability to make effective presentations, interpret technical instructions, and ensure staff compliance with company policies. A senior credit officer also serves as a representative of their institution, often attending functions and events as part of their duties.

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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

Pay Difference by Location

National Average: AU$61,931

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Senior Credit Officer

Gender

Female
79 %
Male
21 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.
1-4 years
5%
5-9 years
31%
10-19 years
41%
20 years or more
24%

Experience Affects Senior Credit Officer Salaries

▲2%

▲2%

National Average
AU$62,000

▼1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

1-4 years
5%
5-9 years
31%
10-19 years
41%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 3%
dental benefits
Dental:
vision benefits
Vision:
no benefits
None: 97%