The average salary for a Senior Credit Officer with Financial Analysis skills in Chicago, Illinois is $105,365.
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$100k - $147k
$10k - $28k
$0 - $34k
$109k - $169k
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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 and Risk Management / Risk Control are correlated to pay that is above average. Skills that pay less than market rate include Loan Underwriting.
Pay Difference by Location
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Employees with Senior Credit Officer in their job title in Boston, Massachusetts earn an average of 47.1% more than the national average. These job titles also find higher than average salaries in New York, New York (16.3% more) and Atlanta, Georgia (2.6% more). The lowest salaries can be found in Orlando, Florida (11.3% less), Dallas, Texas (5.6% less) and Los Angeles, California (5.1% less).
Years of Experience
This data is based on 5 survey responses.