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Letter of Credit Clerk Salary
in United Kingdom

£31,818 (GBP)

Average Salary

£15/hr

Average Hourly

£601

Average Bonus

Last updated: January 17, 2020

The average pay for a Letter of Credit Clerk is £31,818 a year and £15 an hour in the United Kingdom. The average salary range for a Letter of Credit Clerk is between £23,403 and £38,843. On average, a Doctorate Degree is the highest level of education for a Letter of Credit Clerk. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in the United Kingdom.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

Data powered by ERI's Salary Assessor

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Job Summary

Description:
  • Issues import and export letters of credit and accepts payments.
  • Notifies exporters and importers of issuance of letters of credit covering shipment of merchandise.
  • Examines letter of credit documents to determine compliance with international standards.
  • Verifies terms of credit, such as amount, insurance coverage, and shipping conditions to determine compliance with established standards.
  • Coordinates customer credit information and collateral papers with loan officer to comply with bank credit standards.
  • Types letters of credit and related documents, using typewriter or computer.
  • Records payments and liabilities and other customer account information, using computer.
  • May translate correspondence into English or foreign language.

Salary Potential

Estimated salary in 2025:
£36,886
5 Year Change:
16 %
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Education

Skills

Skills data not available for this job

About United Kingdom

United Kingdom Cost of Living Score:

Description: The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK or U.K.) or Britain, is a sovereign country located off the north­western coast of the European mainland. The United Kingdom includes the island of Great Britain, the north­eastern part of the island of Ireland, and many smaller islands. Northern Ireland is the only part of the United Kingdom that shares a land border with another sovereign state, the Republic of Ireland. Apart from this land border, the United Kingdom is surrounded by the Atlantic Ocean, with the North Sea to the east, the English Channel to the south...

Letter of Credit Clerk Job Listings for United Kingdom

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Salary Recap

The average pay for a Letter of Credit Clerk is £31,818 a year and £15 an hour in the United Kingdom. The average salary range for a Letter of Credit Clerk is between £23,403 and £38,843. On average, a Doctorate Degree is the highest level of education for a Letter of Credit Clerk. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in the United Kingdom.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

Data powered by ERI's Salary Assessor

Take the guess work out of setting pay

Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
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