Letter of Credit Officer Salary in Indiana
Letter of Credit Officer Salary in Indiana
How much does a Letter of Credit Officer make in Indiana? The average Letter of Credit Officer salary in Indiana is $62,874 as of March 26, 2024, but the range typically falls between $49,376 and $74,384. 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.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Letter of Credit Officer Salary | $37,087 | IN | March 26, 2024 |
| 25th Percentile Letter of Credit Officer Salary | $49,376 | IN | March 26, 2024 |
| 50th Percentile Letter of Credit Officer Salary | $62,874 | IN | March 26, 2024 |
| 75th Percentile Letter of Credit Officer Salary | $74,384 | IN | March 26, 2024 |
| 90th Percentile Letter of Credit Officer Salary | $84,864 | IN | March 26, 2024 |
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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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| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Vincennes, IN | Avg. Salary $58,725 | Date Updated March 26, 2024 |
| Location Advance, IN | Avg. Salary $62,420 | Date Updated March 26, 2024 |
| Location Akron, IN | Avg. Salary $60,800 | Date Updated March 26, 2024 |
| Location Alamo, IN | Avg. Salary $59,114 | Date Updated March 26, 2024 |
| Location Albany, IN | Avg. Salary $59,633 | Date Updated March 26, 2024 |
| Location Albion, IN | Avg. Salary $60,735 | Date Updated March 26, 2024 |
| Location Alexandria, IN | Avg. Salary $60,022 | Date Updated March 26, 2024 |
| Location Ambia, IN | Avg. Salary $62,355 | Date Updated March 26, 2024 |
| Location Amboy, IN | Avg. Salary $59,633 | Date Updated March 26, 2024 |
| Location Amo, IN | Avg. Salary $61,383 | Date Updated March 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.
What does a Letter of Credit Officer do?
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About Indiana
Similar Jobs to Letter of Credit Officer
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Credit Analyst III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Credit and Collections Analyst I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Credit and Collections Analyst II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Credit and Collections Analyst III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Credit Clerk | Experience 0 - 1 | EducationHigh School | Salary Compared to This Job |
Level of Education for Letter of Credit Officer
Jobs with different levels of education may pay very differently. Check the Letter of Credit Officer salary of your education level.
- Letter of Credit Officer Salaries with a High School Diploma or Technical Certificate
- Letter of Credit Officer Salaries with an Associate's Degree
- Letter of Credit Officer Salaries with a Bachelor's Degree
- Letter of Credit Officer Salaries with a Master's Degree or MBA
- Letter of Credit Officer Salaries with a JD, MD, PhD or Equivalent
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About Indiana Indiana /ˌɪndiˈænə/ (listen) is a U.S. state located in the Midwestern and Great Lakes regions of North America. Indiana is the 38th largest by area a....More
Skills associated with Letter of Credit Officer: Risk Assessment, Credit Verification, Risk Identification Model, Banking Software ...More
Jobs with a similar salary range to Letter of Credit Officer : Credit Officer, Tax Credit
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