Credit negotiator vs credit officer

The differences between credit negotiators and credit officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a credit negotiator and a credit officer. Additionally, a credit negotiator has an average salary of $207,848, which is higher than the $129,478 average annual salary of a credit officer.

The top three skills for a credit negotiator include outbound calls, consumer debt and collection agencies. The most important skills for a credit officer are risk management, credit risk, and credit analysis.

Credit negotiator vs credit officer overview

	Credit Negotiator	Credit Officer
Yearly salary	$207,848	$129,478
Hourly rate	$99.93	$62.25
Growth rate	-	17%
Number of jobs	5,458	60,323
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 69%
Average age	39	39
Years of experience	2	2

Credit negotiator vs credit officer salary

Credit negotiators and credit officers have different pay scales, as shown below.

	Credit Negotiator	Credit Officer
Average salary	$207,848	$129,478
Salary range	Between $100,000 And $431,000	Between $85,000 And $196,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Farm Credit System
Best paying industry	-	Finance

Differences between credit negotiator and credit officer education

There are a few differences between a credit negotiator and a credit officer in terms of educational background:

	Credit Negotiator	Credit Officer
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 69%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit negotiator vs credit officer demographics

Here are the differences between credit negotiators' and credit officers' demographics:

	Credit Negotiator	Credit Officer
Average age	39	39
Gender ratio	Male, 40.5% Female, 59.5%	Male, 64.4% Female, 35.6%
Race ratio	Black or African American, 8.4% Unknown, 2.7% Hispanic or Latino, 10.0% Asian, 8.6% White, 70.1% American Indian and Alaska Native, 0.3%	Black or African American, 8.0% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.6% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit negotiator and credit officer duties and responsibilities

Credit negotiator example responsibilities.

Manage accounting operations, accounting close, account reporting and reconciliations.
Represent company in arbitration settlement negotiations that result in an agreement to obtain governmental approval for the sale of the business.
Participate in structuring terms and reviewing legal documents for derivative transactions, letters of credit, and liquidity facilities.

Credit officer example responsibilities.

Manage credit risk and provide independent oversight of the bank portfolio.
Manage the global function for an ERP software company that has a niche market in manufacturing companies.
Manage SBA construction/tenant improvement projects submit until project is completed.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Review clients file for compliance with: CIP, OFAC, HMDA, CRA and red flag activities.
Audit applications for HUD and IHDA compliance.

Credit negotiator vs credit officer skills

Common credit negotiator skills

Outbound Calls, 29%
Consumer Debt, 19%
Collection Agencies, 11%
Computer System, 11%
POA, 10%
Inbound Calls, 6%

Common credit officer skills

Risk Management, 10%
Credit Risk, 7%
Credit Analysis, 5%
Real Estate, 4%
Credit Approval, 4%
Portfolio Management, 4%