Home > Salary > Singapore > 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: 313,153 SGD
Estimated Monthly Salary: 26,096 SGD
Estimated Weekly Salary: 6,022 SGD per week
Estimated Hourly Salary: 151 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 25,271 SGD
Estimated Weekly Salary: 5,832 SGD per week
Estimated Hourly Salary: 146 SGD per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 156,958 USD
Estimated Monthly Salary: 13,080 USD
Estimated Weekly Salary: 3,018 USD per week
Estimated Hourly Salary: 75 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: 313,153 SGD
Estimated Monthly Salary: 26,096 SGD
Estimated Weekly Salary: 6,022 SGD per week
Estimated Hourly Salary: 151 SGD per hour
By working as Senior Credit Officer a person can save up to 10,392 USD per month or 124,702 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 Singapore, see costs of living in Singapore.
Estimated Yearly Salary for Senior Credit Officer
Last revision of data: 2025-01-04
Data as of 2025
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Senior Credit Officer salary in Singapore
Average Yearly Salary of Senior Credit Officer in Singapore is approximately 313,153 SGD (156,958 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: 313,153 SGD
Estimated Monthly Salary: 26,096 SGD
Estimated Weekly Salary: 6,022 SGD per week
Estimated Hourly Salary: 151 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 303,246 SGDEstimated Monthly Salary: 25,271 SGD
Estimated Weekly Salary: 5,832 SGD per week
Estimated Hourly Salary: 146 SGD per hour
Last revision of data: 2024-01-09Senior Credit Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 156,958 USD
Estimated Monthly Salary: 13,080 USD
Estimated Weekly Salary: 3,018 USD per week
Estimated Hourly Salary: 75 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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Salary comparison to National average
Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Senior Credit Officer job salary compared to average salary in Singapore.
Comparison shows that a person working as Senior Credit Officer in Singapore earns on average:
3.28 times the average salary (or 328% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Senior Credit Officer job salary compared to average salary in Singapore.
Comparison shows that a person working as Senior Credit Officer in Singapore earns on average:
3.28 times the average salary (or 328% 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 344,468 SGD and 454,072 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Credit Officer in Singapore?
Living in Singapore the approximate monthly expenses are: 2,688 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: 313,153 SGD
Estimated Monthly Salary: 26,096 SGD
Estimated Weekly Salary: 6,022 SGD per week
Estimated Hourly Salary: 151 SGD per hour
By working as Senior Credit Officer a person can save up to 10,392 USD per month or 124,702 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 Singapore, see costs of living in Singapore.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Indonesia. 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
Malaysia is 41,670 USD
Indonesia is 24,679 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 Singapore
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Data as of 2025Random salary:
Resident care aide (60,809 SGD per year, pre-tax.)
Lab director (154,511 SGD per year, pre-tax.)
Scheduling manager (88,489 SGD per year, pre-tax.)
Magazine publisher (210,866 SGD per year, pre-tax.)
Underwriter specialist (237,324 SGD per year, pre-tax.)
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