$88,669
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

$10,084

Bonus

$7,000

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Senior Credit Officer is {{pay}} per hour.

The average pay for a Senior Credit Officer is $88,669 per year.

10%
$0.00
10%
$0.00
50%
$0.00
90%
90%
MEDIAN $0.00
10%
$63k
10%
$89k
50%
$140k
90%
90%
MEDIAN $88,669
$63,412 - $139,938
$63K
$89K
$140K
MEDIAN: $88,669
10%
50%
90%

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$0$160K
Salary $63,412 - $139,938
Bonus $2,475 - $29,233
Profit Sharing $7,000
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).
)
$64,976 - $160,746
  • Country: United States
  • Currency: USD
  • Updated: 19 May 2019
  • Individuals Reporting: 54

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

Key Stats for Senior Credit Officer

Gender

Female
15 %
Male
85 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 7 votes.
5-9 years
55%
10-19 years
45%

Skills That Affect Senior Credit Officer Salaries

Risk Management / Risk Control
▲7%

Credit Control
▲7%

Financial Analysis
▲2%

National Average
$96,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 7 votes.

Gender

Female
15 %
Male
85 %

Common Health Benefits

medical benefits
Medical: 100%
dental benefits
Dental: 89%
vision benefits
Vision: 73%
no benefits
None: