How much does a Letter of Credit Officer make in Maine? The average Letter of Credit Officer salary in Maine is $62,357 as of February 26, 2024, but the range typically falls between $48,973 and $73,769. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Letter of Credit Officer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Letter of Credit Officer Salary $36,788 ME February 26, 2024
25th Percentile Letter of Credit Officer Salary $48,973 ME February 26, 2024
50th Percentile Letter of Credit Officer Salary $62,357 ME February 26, 2024
75th Percentile Letter of Credit Officer Salary $73,769 ME February 26, 2024
90th Percentile Letter of Credit Officer Salary $84,159 ME February 26, 2024
25% $48,973 10% $36,788 90% $84,159 75% $73,769 $62,357 50%(Median) Didn’t find job title? Click
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Job Description for Letter of Credit Officer

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. Being a Letter of Credit Officer 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. Additionally, Letter of Credit Officer may require a bachelor's degree. Typically reports to a manager or head of a unit/department. The Letter of Credit Officer gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Letter of Credit Officer typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Letter of Credit Officer in Maine

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Location Avg. Salary Date Updated
Location Saco, ME Avg. Salary $63,670 Date Updated February 26, 2024
Location Windham, ME Avg. Salary $63,756 Date Updated February 26, 2024
Location Abbot, ME Avg. Salary $58,468 Date Updated February 26, 2024
Location Acton, ME Avg. Salary $65,144 Date Updated February 26, 2024
Location Addison, ME Avg. Salary $58,468 Date Updated February 26, 2024
Location Albion, ME Avg. Salary $58,468 Date Updated February 26, 2024
Location Alfred, ME Avg. Salary $64,771 Date Updated February 26, 2024
Location Alna, ME Avg. Salary $63,152 Date Updated February 26, 2024
Location Andover, ME Avg. Salary $63,152 Date Updated February 26, 2024
Location Anson, ME Avg. Salary $58,468 Date Updated February 26, 2024

Career Path for Letter of Credit Officer

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Letter of Credit Officer, the upper level is Credit Risk Officer III and then progresses to Credit Risk Manager.

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Letter of Credit Officer Salary in Maine
Letter of Credit Officer Salary Graph, Regional Distribution and Summary