Home > Salary > Algeria > Senior Credit Officer
A senior credit officer is responsible for assessing and managing the creditworthiness of individuals, businesses, or organizations. They analyze financial data, review credit applications, and make informed decisions on whether to grant credit or loans. Senior credit officers also evaluate credit risk by examining factors such as payment history, income stability, and collateral value. They collaborate with clients, loan officers, and other stakeholders to negotiate terms and conditions, ensuring compliance with lending policies and regulations. Additionally, they monitor credit portfolios, identify potential risks, and develop strategies to mitigate them. Strong analytical skills, attention to detail, and knowledge of financial markets are essential for this role. Effective communication and negotiation abilities are also crucial in maintaining positive relationships with clients and colleagues.
Estimated Yearly Salary: 5,651,824 DZD
Estimated Monthly Salary: 470,985 DZD
Estimated Weekly Salary: 108,689 DZD per week
Estimated Hourly Salary: 2,717 DZD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 455,394 DZD
Estimated Weekly Salary: 105,091 DZD per week
Estimated Hourly Salary: 2,627 DZD per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 32,675 USD
Estimated Monthly Salary: 2,723 USD
Estimated Weekly Salary: 628 USD per week
Estimated Hourly Salary: 16 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 5,651,824 DZD
Estimated Monthly Salary: 470,985 DZD
Estimated Weekly Salary: 108,689 DZD per week
Estimated Hourly Salary: 2,717 DZD per hour
By working as Senior Credit Officer a person can save up to 2,163 USD per month or 25,955 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Algeria, see costs of living in Algeria.
Estimated Yearly Salary for Senior Credit Officer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Senior Credit Officer salary in Algeria
Average Yearly Salary of Senior Credit Officer in Algeria is approximately 5,651,824 DZD (32,675 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Senior Credit Officer do?
A senior credit officer is responsible for assessing and managing the creditworthiness of individuals, businesses, or organizations. They analyze financial data, review credit applications, and make informed decisions on whether to grant credit or loans. Senior credit officers also evaluate credit risk by examining factors such as payment history, income stability, and collateral value. They collaborate with clients, loan officers, and other stakeholders to negotiate terms and conditions, ensuring compliance with lending policies and regulations. Additionally, they monitor credit portfolios, identify potential risks, and develop strategies to mitigate them. Strong analytical skills, attention to detail, and knowledge of financial markets are essential for this role. Effective communication and negotiation abilities are also crucial in maintaining positive relationships with clients and colleagues.
Skills: Senior Credit Officer, Credit Analysis, Risk Management, Financial Analysis, Loan Underwriting, Compliance
Job industry: Finance
Job industry: Finance
How much does Senior Credit Officer make?
Salary details
How much does Senior Credit Officer make?Estimated Yearly Salary: 5,651,824 DZD
Estimated Monthly Salary: 470,985 DZD
Estimated Weekly Salary: 108,689 DZD per week
Estimated Hourly Salary: 2,717 DZD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 5,464,724 DZDEstimated Monthly Salary: 455,394 DZD
Estimated Weekly Salary: 105,091 DZD per week
Estimated Hourly Salary: 2,627 DZD per hour
Last revision of data: 2024-01-02Senior Credit Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 32,675 USD
Estimated Monthly Salary: 2,723 USD
Estimated Weekly Salary: 628 USD per week
Estimated Hourly Salary: 16 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Algeria, located in North Africa, is the largest country on the continent and the 10th largest in the world. It covers an area of approximately 2.38 million square kilometers. The population of Algeria is estimated to be around 44 million people. The country is known for its diverse landscapes, including the Sahara Desert, the Atlas Mountains, and the Mediterranean coastline.
Estimated national average yearly salary is 2,226,560 DZD (14,000 USD). Value indicated is pre-tax. Below graph shows estimated Senior Credit Officer job salary compared to average salary in Algeria.
Comparison shows that a person working as Senior Credit Officer in Algeria earns on average:
2.54 times the average salary (or 254% of average salary).
Estimated national average yearly salary is 2,226,560 DZD (14,000 USD). Value indicated is pre-tax. Below graph shows estimated Senior Credit Officer job salary compared to average salary in Algeria.
Comparison shows that a person working as Senior Credit Officer in Algeria earns on average:
2.54 times the average salary (or 254% of average salary).
Is Senior Credit Officer a well paid job?
Yes, our data show that Senior Credit Officer is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Senior Credit Officer?
High salary for Senior Credit Officer would be somewhere between 6,217,006 DZD and 8,195,145 DZD. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Credit Officer in Algeria?
Living in Algeria the approximate monthly expenses are: 560 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 5,651,824 DZD
Estimated Monthly Salary: 470,985 DZD
Estimated Weekly Salary: 108,689 DZD per week
Estimated Hourly Salary: 2,717 DZD per hour
By working as Senior Credit Officer a person can save up to 2,163 USD per month or 25,955 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Algeria, see costs of living in Algeria.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Tunisia, Libya, Niger, Mali, Mauritania, Western Sahara, Morocco. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Senior Credit Officer
Tunisia is 28,060 USD
Morocco is 35,108 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Algeria
(25,311,833 DZD per year, pre-tax.)
2. Cardiologist
(21,013,816 DZD per year, pre-tax.)
(20,364,684 DZD per year, pre-tax.)
4. Neurosurgeon
(19,663,767 DZD per year, pre-tax.)
(19,645,969 DZD per year, pre-tax.)
6. Oncologist
(19,276,089 DZD per year, pre-tax.)
7. Urologist
(19,266,856 DZD per year, pre-tax.)
(19,264,961 DZD per year, pre-tax.)
(19,152,386 DZD per year, pre-tax.)
(19,151,120 DZD per year, pre-tax.)
Data as of 2025Random salary:
Computer aided design (cad), geographic information systems (gis), technician (2,484,701 DZD per year, pre-tax.)
Real estate investment associate (3,003,710 DZD per year, pre-tax.)
Electronic accounts payment processor (1,219,781 DZD per year, pre-tax.)
Alterations sewer (1,346,459 DZD per year, pre-tax.)
Real estate operations manager (2,349,513 DZD per year, pre-tax.)
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