As of April 01, 2025, the average annual salary for a Letter of Credit Officer in Richmond, VA is $67,036. Salary.com reports that pay typically ranges from $59,272 to $75,779, with most professionals earning between $52,203 and $83,739.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $75,779 | $6,315 | $1,457 | $36 |
| Average | $67,036 | $5,586 | $1,289 | $32 |
| 25th Percentile | $59,272 | $4,939 | $1,140 | $28 |
An entry-level Letter of Credit Officer with under 1 year experience makes about $64,487. With less than 2 years of experience, a mid-level Letter of Credit Officer makes around $64,718. After 2-4 years, the Letter of Credit Officer pay rises to about $67,688. Those senior Letter of Credit Officer with 5-8 years of experience earn roughly $71,342, and those Letter of Credit Officer having 8 years or more experience are expected to earn about $71,603 on average.
| Levels | Salary |
|---|---|
| Entry Level Letter of Credit Officer | $64,487 |
| Intermediate Level Letter of Credit Officer | $64,718 |
| Senior Level Letter of Credit Officer | $67,688 |
| Specialist Level Letter of Credit Officer | $71,342 |
| Expert Level Letter of Credit Officer | $71,603 |
| Entry Level | 6% |
| Mid Level | 6% |
| Senior Level | 2% |
| Top Level | 4% |
| Experienced | 4% |
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