Credit Officer Salary in Ada, MI
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How much does a Credit Officer make in Ada, MI? The average Credit Officer salary in Ada, MI is $63,733 as of March 26, 2024, but the salary range typically falls between $50,585 and $75,415. 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.
Salary range for a Credit Officer
$50,585 to $75,415
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Credit Officer
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What does a Credit Officer do?
Common responsibilities of a Credit Officer
Works with processing/funding to ensure accurate flow of information in documents to provide efficient closing of loan funding.
November 04, 2022
Prepares a Credit Analysis Summary (CAS) of Commercial applicants requesting large lines of credit by analyzing the customer, interpreting the request, identifying the risk factors, performing a risk assessment, and providing a summary and recommendation.
November 16, 2022
Assists with credit presentations to include financial statement spreads, covenant testing, collateral analysis, obligor/facility ratings, cash flow analysis, relationship exposure, and underwriting.
December 25, 2022
Demonstrated track record of managing transactions, leading and cultivating individuals, interacting with all levels of the organization and working within a team environment to manage, monitor and grow portfolio in a business environment based upon mutual respect and teamwork.
February 13, 2023
Provides direct support to Senior Credit Officers/Credit Manager to develop and analyze all relevant credit information in conjunction with account officers pertaining to more complex commercial and business loans.
February 22, 2023
Monitors adherence to such policies and validates that exceptions are adequately identified, fully justified and properly approved.
March 29, 2023
Performs In-depth analysis of a guarantor's financial position through a thorough investigation of personal financial statements, understanding any contingent liabilities, constructing a global cash flow analysis, thorough investigation of personal tax returns and credit reporting documentation/ Fair Isaac output data.
April 03, 2023
Review, analyze and interpret financial statements, perform cash flow and personal financial statement analysis in order to assess the financial strength of a borrower.
April 12, 2023
Understand applicable credit policies, industry regulations and the requisite impact of those governance items to prospective new partners or product initiatives.
April 12, 2023
Complete all actions in a timely manner to meet established deadlines and customer expectations.
April 28, 2023
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Credit Officer Salary By Experience Levels in Ada, MI
How much should you be earning in Credit Officer in Ada, MI based on your current experience?
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RELEVANT JOB EXPERIENCE
Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.
Credit Officer Salary By Level of Education in Ada, MI
Do you know how much should you be paid for a Credit Officer position in Ada, MI based on your education level?
Tell us about your education and see an estimate of earnings for Credit Officer in Ada, MI and well to know the impact of education on future careers.
LEVEL OF EDUCATION
Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.
Average Salary Range for Credit Officer in Ada, MI
Average Base Salary
Core compensation
50585
75415
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Credit Officer in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Credit Officer in Ada, MI. The base salary for Credit Officer ranges from $50,585 to $75,415 with the average base salary of $63,733. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $51,095 to $84,233 with the average total cash compensation of $65,333.
View Average Salary for Credit Officer as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $63,733 | $50,585 - $75,415 |
| Bonus | $1,601 | $510 - $8,818 |
| Total Pay | $65,333 | $51,095 - $84,233 |
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Credit Officer Salary Near Ada, MI
| CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Ada, MI |
|---|---|---|
| CITY, STATE Grand Rapids, MI | AVERAGE SALARY RANGE $50,575 - $75,399 | COMPARE TO Ada, MI |
| CITY, STATE Wyoming, MI | AVERAGE SALARY RANGE $50,575 - $75,399 | COMPARE TO Ada, MI |
| CITY, STATE Muskegon, MI | AVERAGE SALARY RANGE $48,775 - $72,717 | COMPARE TO Ada, MI |
| CITY, STATE Battle Creek, MI | AVERAGE SALARY RANGE $51,680 - $77,048 | COMPARE TO Ada, MI |
| CITY, STATE Kalamazoo, MI | AVERAGE SALARY RANGE $50,891 - $75,871 | COMPARE TO Ada, MI |
| CITY, STATE Lansing, MI | AVERAGE SALARY RANGE $50,481 - $75,259 | COMPARE TO Ada, MI |
See salaries for Credit Officer in locations close to Ada, MI. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.
About Ada, Michigan
Ada Township (/ˈeɪdə/) is a General Law Township within Kent County, Michigan, United States. Developed around a fur trading post of the late 18th century, the township in the 20th century became an upscale suburb of Grand Rapids. As of the 2010 census, the township population was 13,142, up from 9,882 at the 2000 census. Ada is the corporate home of Alticor and its subsidiary companies Quixtar and Amway.
According to the United States Census Bureau, the township has a total area of 37.1 square miles (96.1 km2), of which 36.0 square miles (93.3 km2) are land and 1.1 square miles (2.8 km2), or ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
View Salary for Similar Jobs to Credit Officer in Ada, MI
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| JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
|---|---|---|---|
| JOB TITLE Letter of Credit Officer | LOCATION Ada, MI | MINIMUM SALARY $49,376 | MAXIMUM SALARY $74,384 |
| JOB TITLE Chief Credit Officer | LOCATION Ada, MI | MINIMUM SALARY $194,400 | MAXIMUM SALARY $288,100 |
| JOB TITLE Senior Credit Officer | LOCATION Ada, MI | MINIMUM SALARY $194,401 | MAXIMUM SALARY $288,101 |
| JOB TITLE Credit Review Officer | LOCATION Ada, MI | MINIMUM SALARY $55,470 | MAXIMUM SALARY $78,986 |
| JOB TITLE Commercial Credit Officer | LOCATION Ada, MI | MINIMUM SALARY $43,383 | MAXIMUM SALARY $56,797 |
| JOB TITLE Credit Administration Officer | LOCATION Ada, MI | MINIMUM SALARY $200,378 | MAXIMUM SALARY $296,925 |
The Credit Officer job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Ada, MI that might be a good fit for the type of job and salary you are looking for.
About Ada, Michigan Ada Township (/ˈeɪdə/) is a General Law Township within Kent County, Michigan, United States. Developed around a fur trading post of the late 18th cen....More
Ada, Michigan area prices were up 1.3% from a year ago
Credit Officer Salary in popular cities: Detroit, Grand Rapids, Warren
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
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