Letter of Credit Officer Salary in Jersey City, New Jersey

Letter of Credit Officer Salary in Jersey City, NJ

How much does a Letter of Credit Officer make in Jersey City, NJ? The average Letter of Credit Officer salary in Jersey City, NJ is $75,708 as of March 26, 2024, but the range typically falls between $59,455 and $89,568. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Letter of Credit Officer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Letter of Credit Officer Salary $44,658 Jersey City,NJ March 26, 2024
25th Percentile Letter of Credit Officer Salary $59,455 Jersey City,NJ March 26, 2024
50th Percentile Letter of Credit Officer Salary $75,708 Jersey City,NJ March 26, 2024
75th Percentile Letter of Credit Officer Salary $89,568 Jersey City,NJ March 26, 2024
90th Percentile Letter of Credit Officer Salary $102,186 Jersey City,NJ March 26, 2024
25% $59,455 10% $44,658 90% $102,186 75% $89,568 $75,708 50%(Median) Didn’t find job title? Click
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Check out Letter of Credit Officer Job Openings in Jersey City, New Jersey

Chief Credit Officer

The Schaaf Group - Bellevue, WA

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Chief Credit Officer

Prime - Bodega Bay, CA

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Chief Technology Officer (CTO)

Wauna Credit Union - Clatskanie, OR

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Real Estate Loan Officer

Pacific Service Credit Union - Concord, CA

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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 Jersey City, NJ

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.

Letter of Credit Officer
Credit Risk Officer III
Credit Risk Manager
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC PROPERTIES INC
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Letter of Credit Officer Pay Difference by Location

Letter of Credit Officer salary varies from city to city. Compared with national average salary of Letter of Credit Officer, the highest Letter of Credit Officer salary is in San Francisco, CA, where the Letter of Credit Officer salary is 25.0% above. The lowest Letter of Credit Officer salary is in Miami, FL, where the Letter of Credit Officer salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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Average Base Salary

Core compensation

 
 
 
59455
89568
75708

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
60003
99419
76996
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Letter of Credit Officer in Jersey City, NJ. The base salary for Letter of Credit Officer ranges from $59,455 to $89,568 with the average base salary of $75,708. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $60,003 to $99,419 with the average total cash compensation of $76,996.
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59455
89568

 

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About Jersey City, New Jersey    Jersey City is the second most populous city in the U.S. state of New Jersey, after Newark.[29] It is the seat of Hudson County as well as the county'....More

Jersey City, New Jersey  area prices were up 1.6% from a year ago    View the Cost of Living in Jersey City, New Jersey

Letter of Credit Officer Salary in popular cities: Newark, Paterson, Elizabeth

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

Salary estimation for Letter of Credit Officer at companies like : Exostone Group LLC, Bronson Methodist Hospital, Amy Gould Architect AIA

Jobs with a similar salary range to Letter of Credit Officer : Army Recruiter