How much does a Letter of Credit Officer make in New Jersey? The average Letter of Credit Officer salary in New Jersey is $71,212 as of February 26, 2024, but the range typically falls between $55,928 and $84,245. 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 $42,013 NJ February 26, 2024
25th Percentile Letter of Credit Officer Salary $55,928 NJ February 26, 2024
50th Percentile Letter of Credit Officer Salary $71,212 NJ February 26, 2024
75th Percentile Letter of Credit Officer Salary $84,245 NJ February 26, 2024
90th Percentile Letter of Credit Officer Salary $96,111 NJ February 26, 2024
25% $55,928 10% $42,013 90% $96,111 75% $84,245 $71,212 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 New Jersey

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Location Avg. Salary Date Updated
Location Bayonne, NJ Avg. Salary $73,224 Date Updated February 26, 2024
Location Bergenfield, NJ Avg. Salary $74,518 Date Updated February 26, 2024
Location Bloomfield, NJ Avg. Salary $74,582 Date Updated February 26, 2024
Location East Brunswick, NJ Avg. Salary $73,133 Date Updated February 26, 2024
Location Hoboken, NJ Avg. Salary $76,005 Date Updated February 26, 2024
Location Irvington, NJ Avg. Salary $73,224 Date Updated February 26, 2024
Location Lakewood, NJ Avg. Salary $72,183 Date Updated February 26, 2024
Location Middlesex, NJ Avg. Salary $72,577 Date Updated February 26, 2024
Location Passaic, NJ Avg. Salary $74,582 Date Updated February 26, 2024
Location Union, NJ Avg. Salary $73,224 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 New Jersey
Letter of Credit Officer Salary Graph, Regional Distribution and Summary