The average salary for a Late-Career Senior Credit Officer is $135,533.
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$77k - $180k
$6k - $56k
$1k - $40k
$83k - $220k
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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.
Explore the most common career paths for Senior Credit Officer. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Senior Credit Officer
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Senior Credit Officer Job Listings
Popular Skills for Senior Credit Officer
Risk Management / Risk Control
Skills in Financial Analysis, Risk Management / Risk Control, Loan Underwriting and Commercial Loans are correlated to pay that is above average. Skills that pay less than market rate include Credit Control.
Pay by Experience Level for Senior Credit Officer
An early career Senior Credit Officer with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $70,622 based on 22 salaries. A mid-career Senior Credit Officer with 5-9 years of experience earns an average total compensation of $88,853 based on 50 salaries. An experienced Senior Credit Officer with 10-19 years of experience earns an average total compensation of $110,973 based on 107 salaries.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Senior Credit Officer in their job title in New York, New York earn an average of 24.2% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (14.4% more) and Chicago, Illinois (10.7% more). The lowest salaries can be found in Dallas, Texas (13.7% less) and Atlanta, Georgia (7.8% less).
Years of Experience
This data is based on 179 survey responses.