Credit Officer Salary in Aurora, IL
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How much does a Credit Officer make in Aurora, IL? The average Credit Officer salary in Aurora, IL is $68,332 as of March 26, 2024, but the salary range typically falls between $54,235 and $80,857. 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
$54,235 to $80,857
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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 Aurora, IL
How much should you be earning in Credit Officer in Aurora, IL 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 Aurora, IL
Do you know how much should you be paid for a Credit Officer position in Aurora, IL based on your education level?
Tell us about your education and see an estimate of earnings for Credit Officer in Aurora, IL 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 Aurora, IL
Average Base Salary
Core compensation
54235
80857
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 Aurora, IL. The base salary for Credit Officer ranges from $54,235 to $80,857 with the average base salary of $68,332. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $54,783 to $90,312 with the average total cash compensation of $70,048.
View Average Salary for Credit Officer as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $68,332 | $54,235 - $80,857 |
| Bonus | $1,716 | $547 - $9,455 |
| Total Pay | $70,048 | $54,783 - $90,312 |
* 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 Aurora, IL
| CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Aurora, IL |
|---|---|---|
| CITY, STATE Naperville, IL | AVERAGE SALARY RANGE $54,002 - $80,510 | COMPARE TO Aurora, IL |
| CITY, STATE Wheaton, IL | AVERAGE SALARY RANGE $54,104 - $80,660 | COMPARE TO Aurora, IL |
| CITY, STATE Bolingbrook, IL | AVERAGE SALARY RANGE $53,817 - $80,234 | COMPARE TO Aurora, IL |
| CITY, STATE Hoffman Estates, IL | AVERAGE SALARY RANGE $54,537 - $81,307 | COMPARE TO Aurora, IL |
| CITY, STATE Schaumburg, IL | AVERAGE SALARY RANGE $54,448 - $81,174 | COMPARE TO Aurora, IL |
| CITY, STATE Elgin, IL | AVERAGE SALARY RANGE $54,122 - $80,688 | COMPARE TO Aurora, IL |
See salaries for Credit Officer in locations close to Aurora, IL. 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 Aurora, Illinois
Aurora, a suburb of Chicago, is a city in DuPage, Kane, Kendall, and Will counties in the U.S. state of Illinois. Located primarily in DuPage and Kane counties, it is an outer suburb of Chicago and the second most populous city in the state, and the 114th most populous city in the country. The population was 197,899 at the 2010 census, and was estimated to have increased to 200,965 by 2017.
Once a mid-sized manufacturing city, Aurora has grown since the 1960s. Founded within Kane County, Aurora's city limits and population have expanded into DuPage, Will, and Kendall counties. Between 2000 an...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
View Salary for Similar Jobs to Credit Officer in Aurora, IL
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| JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
|---|---|---|---|
| JOB TITLE Letter of Credit Officer | LOCATION Aurora, IL | MINIMUM SALARY $52,939 | MAXIMUM SALARY $79,752 |
| JOB TITLE Chief Credit Officer | LOCATION Aurora, IL | MINIMUM SALARY $208,400 | MAXIMUM SALARY $308,900 |
| JOB TITLE Senior Credit Officer | LOCATION Aurora, IL | MINIMUM SALARY $208,401 | MAXIMUM SALARY $308,901 |
| JOB TITLE Credit Review Officer | LOCATION Aurora, IL | MINIMUM SALARY $59,473 | MAXIMUM SALARY $84,686 |
| JOB TITLE Commercial Credit Officer | LOCATION Aurora, IL | MINIMUM SALARY $43,383 | MAXIMUM SALARY $56,797 |
| JOB TITLE Credit Administration Officer | LOCATION Aurora, IL | 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 Aurora, IL that might be a good fit for the type of job and salary you are looking for.
About Aurora, Illinois Aurora, a suburb of Chicago, is a city in DuPage, Kane, Kendall, and Will counties in the U.S. state of Illinois. Located primarily in DuPage and Kan....More
Aurora, Illinois area prices were up 0.8% from a year ago
Credit Officer Salary in popular cities: Chicago, Rockford, Joliet
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
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