$109,005
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

$16,658

Bonus

$6,952

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Senior Credit Officer with Loan Underwriting skills is {{pay}} per hour.

The average pay for a Senior Credit Officer with Loan Underwriting skills is $109,005 per year.

10%
$0.00
10%
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50%
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90%
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MEDIAN $0.00
10%
$72k
10%
$109k
50%
$163k
90%
90%
MEDIAN $109,005
$71,675 - $162,636
$72K
$110K
$160K
MEDIAN: $109,005
10%
50%
90%

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$0$201K
Salary $71,675 - $162,636
Bonus $3,091 - $48,047
Profit Sharing $1,192 - $34,521
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).
)
$76,339 - $201,906
  • Country: United States
  • Currency: USD
  • Updated: 14 May 2019
  • Individuals Reporting: 121

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
24 %
Male
76 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.
1-4 years
7%
5-9 years
12%
10-19 years
44%
20 years or more
36%

Experience Affects Senior Credit Officer Salaries

Late-Career
▲54%

Experienced
▲3%

National Average
$123,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.

Gender

Female
24 %
Male
76 %

Years of Experience

1-4 years
7%
5-9 years
12%
10-19 years
44%
20 years or more
36%

Common Health Benefits

medical benefits
Medical: 99%
dental benefits
Dental: 94%
vision benefits
Vision: 81%
no benefits
None: 1%