Average Experienced Senior Credit Officer Salary

$110,973
Avg. Salary
$16,705
Bonus
$12,500
Profit Sharing
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The average salary for an Experienced Senior Credit Officer is $110,973.
10%
$76k
10%
$111k
50%
$160k
90%
90%
MEDIAN $110,973
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United States (change)
Salary
$76k - $160k
Bonus
$4k - $36k
Profit Sharing
$302 - $40k
Total Pay
$77k - $194k

Your Market Worth Over Time

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Job Description for Senior Credit Officer

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

Popular Skills for Senior Credit Officer

Skills in Risk Management / Risk Control, Credit Control and Commercial Loans are correlated to pay that is above average. Skills that pay less than market rate include Loan Underwriting and Financial Analysis.

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. In their late career (20 years and higher), employees earn an average total compensation of $135,533.

Pay Difference by Location

Learn more about cost of living by city.

Years of Experience

This data is based on 161 survey responses.
Early Career
13.7%
Mid Career
31.1%
Late Career
55.3%

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