Letter of Credit Officer Salaries

View Letter of Credit Officer Hourly Wages

Alternate Job Titles: Letter of Credit Officer, Letters of Credit Officer

What is the average annual salary for Letter of Credit Officer?
The annual salary for someone with the job title Letter of Credit Officer may vary depending on a number of factors including industry, company size, location, years of experience and level of education. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Letter of Credit Officer in the United States.

This chart describes the expected percentage of people who perform the job of Letter of Credit Officer in the United States that make less than that annual salary. For example the median expected annual pay for a typical Letter of Credit Officer in the United States is $51,902 so 50% of the people who perform the job of Accountant I in the United Sates are expected to make less than $51,902.

Source: HR Reported data as of April 2014

Median $51,902
  • 10%$30,598
  • 25%$40,750
  • 75%$61,461
  • 90%$70,165

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Job Description for Letter of Credit Officer

Obtains necessary information to process and complete letters of credit and related financial transactions. Verifies all documentation for accuracy and completeness. Ensures all credit data is evaluated and adheres to bank policies and procedures in order to approve or deny applications. Provides support to lending officers and trade specialists. May require a bachelor's degree in area of specialty and 2-4 years of experience in the field or in a related area. Familiar with a variety of the field's concepts, practices, and procedures. Relies on experience and judgment to plan and accomplish goals. Performs a variety of tasks. May lead and direct the work of others. A wide degree of creativity and latitude is expected. Typically reports to a manager or head of a unit/department. View Letter of Credit Officer job description

Categories:  Banking, Financial Services

Industries:  Financial Services

Similar Job Titles:  Credit Clerk, Credit Risk Officer II, Credit Risk Officer I, Credit Risk Officer III, Top Credit and Collections Executive, Credit Analyst III, Credit and Collections Director, Credit and Collections Manager, Credit Analysis Manager

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