The average salary for a Senior Credit Analyst is $67,011.
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What Do Senior Credit Analysts Do?
Senior credit analysts are responsible for assessing credit requests and producing a recommendation based on a variety of factors; this involves a careful analysis of a client’s financial information, including income statements, tax forms, cash flow history, and current debt. Using this information and best practices and methods, senior credit analysts assign credit requests a rating based on their assessment of the probability of default by the client. Using this information along with the pr…Read more
Senior Credit Analyst Tasks
- Provide analysis of customer financial statements.
- Ensure all data entry is accurate and complete.
- Perform underwriting of loan requests and annual reviews.
- Assess and authorize credit limits, and monitor credit risk.
Job Satisfaction for Senior Credit Analyst
Popular Employer Salaries for Senior Credit Analyst
The top respondents for the job title Senior Credit Analyst are from the companies U.S. Bank, Wells Fargo Bank and Bank of America Corp. (BOFA). Reported salaries are highest at U.S. Bank where the average pay is $88,000. Other companies that offer high salaries for this role include Wells Fargo Bank and WorldPay, earning around $73,799 and $72,064, respectively. Expeditors International of Washington, Inc. pays the lowest at around $65,111. Bank of America Corp. (BOFA) and Cobank also pay on the lower end of the scale, paying $65,410 and $69,837, respectively.
Senior Credit Analyst Job Listings
What Are Popular Skills for Senior Credit Analysts?
Skills in Financial Analysis, Loan Underwriting, Commercial Loans and Risk Management / Risk Control are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel.
What is the Pay by Experience Level for Senior Credit Analysts?
An early career Senior Credit Analyst with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $63,890 based on 241 salaries. A mid-career Senior Credit Analyst with 5-9 years of experience earns an average total compensation of $67,481 based on 311 salaries. An experienced Senior Credit Analyst with 10-19 years of experience earns an average total compensation of $69,342 based on 253 salaries. In their late career (20 years and higher), employees earn an average total compensation of $69,585.
Pay Difference by Location
Employees with Senior Credit Analyst in their job title in New York, New York earn an average of 28.8% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (10.1% more) and Los Angeles, California (8.2% more). The lowest salaries can be found in Dallas, Texas (4.1% less).
Years of Experience
This data is based on 950 survey responses.