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Collateral Analyst Jobs in Michigan (NOW HIRING)

Chelsea State Bank

Credit Analyst II

Chelsea, MI

Oversee collateral evaluation processes for new and existing collateral. Essential Duties: * Minimum of 2-3 years of experience as Credit Analyst * Obtains loan request information from commercial ...

Chelsea State Bank

Credit Analyst II

Chelsea, MI · On-site

Oversee collateral evaluation processes for new and existing collateral. Essential Duties: * Minimum of 2-3 years of experience as Credit Analyst * Obtains loan request information from commercial ...

Bank of Ann Arbor

Credit Analyst I

Ann Arbor, MI · On-site

Perform collateral reviews and audits as requested. * Assist the team in monitoring delinquencies ... Strong analytical and research skills. * Ability to analyze and interpret financial statements.

Bank of Ann Arbor

Credit Analyst I

Ann Arbor, MI · On-site

Perform collateral reviews and audits as requested. * Assist the team in monitoring delinquencies ... Strong analytical and research skills. * Ability to analyze and interpret financial statements.

Bank of Ann Arbor

Credit Analyst II

Ann Arbor, MI · On-site

Conduct assessments of collateral and guarantor financial condition and analysis of the market (customers) and industry (competition, suppliers, substitutes, and potential new entrants) and ...

Bank of Ann Arbor

Credit Analyst II

Ann Arbor, MI · On-site

Conduct assessments of collateral and guarantor financial condition and analysis of the market (customers) and industry (competition, suppliers, substitutes, and potential new entrants) and ...

Bank of Ann Arbor

Credit Analyst II

Ann Arbor, MI · On-site

Conduct assessments of collateral and guarantor financial condition and analysis of the market (customers) and industry (competition, suppliers, substitutes, and potential new entrants) and ...

gpac

Commercial Credit Analyst

Detroit, MI · Hybrid

Analyze financial statements, tax returns, and credit reports for commercial loan requests ... Evaluate collateral adequacy and structure deals in accordance with credit policy. * Collaborate ...

Partners Group

MI · Hybrid

$78K - $103K/yr

Understand and analyze portfolio developments and craft the language used for marketing material, portfolio reports, and other collateral in support of capital raising activity, with a focus on large ...

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Collateral Analyst information

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$16

$33

$48

How much do collateral analyst jobs pay per hour?

As of Jun 10, 2026, the average hourly pay for collateral analyst in Michigan is $33.22, according to ZipRecruiter salary data. Most workers in this role earn between $24.09 and $45.05 per hour, depending on experience, location, and employer.

What are some common challenges faced by Collateral Analysts and how can they be addressed?

Collateral Analysts often encounter challenges such as managing large volumes of complex data, keeping up with changing regulatory requirements, and ensuring the accuracy of collateral valuations. To address these, strong attention to detail, proficiency with financial software, and continuous professional development are essential. Regular communication with lending officers, risk teams, and clients also helps in identifying discrepancies early and maintaining compliance with industry standards.

What Does a Collateral Analyst Do?

A collateral analyst works for a loan company or financial institution. Their primary job duties include reviewing all collateral that is provided by a borrower to secure a potential loan. They consider all of the information provided and ensure that it meets the compliance and financial requirements for a loan. A collateral analyst may also coordinate with credit management if there are outstanding disputes over the collateral. They provide reports on all accounts and maintain a large quantity of documentation.

What is the difference between Collateral Analyst vs Credit Analyst?

AspectCollateral AnalystCredit Analyst
Primary FocusEvaluates and manages collateral assets to mitigate risk in lendingAssesses the creditworthiness of borrowers to approve or deny loans
Required CredentialsTypically a bachelor's degree in finance, accounting, or related field; certifications like CFA are a plusSimilar credentials; often holds degrees in finance or economics; certifications like CFA are common
Work EnvironmentFinancial institutions, banks, or investment firmsBanking, financial services, or lending institutions
Common UsageUsed when analyzing collateral assets such as securities or propertyUsed when evaluating overall borrower risk and credit profiles

While both roles require financial analysis skills and similar credentials, Collateral Analysts focus on assessing collateral assets to secure loans, whereas Credit Analysts evaluate the overall creditworthiness of borrowers. Both roles are vital in lending processes within financial institutions.

What are the key skills and qualifications needed to thrive as a Collateral Analyst, and why are they important?

To thrive as a Collateral Analyst, you need strong analytical skills, attention to detail, and a background in finance, accounting, or a related field—often supported by a relevant degree. Familiarity with financial analysis software, loan management systems, and tools like Excel is typically required, and certifications such as CFA or CPA can be advantageous. Effective communication, problem-solving abilities, and organizational skills help set top performers apart in this role. These competencies are crucial for ensuring accurate collateral valuation and risk assessment, which support sound lending decisions and reduce financial risk for institutions.

What are Collateral Analysts?

Collateral Analysts are financial professionals who assess, monitor, and manage the value of assets pledged as collateral for loans or other financial agreements. They ensure that the collateral meets lending requirements, track its value over time, and help mitigate the lender’s risk by verifying that the collateral is sufficient to cover the loan. Their role often involves analyzing financial statements, appraisals, and market trends to make informed recommendations. Collateral Analysts typically work for banks, financial institutions, or lending companies.
More about Collateral Analyst jobs
What are popular job titles related to Collateral Analyst jobs in Michigan? For Collateral Analyst jobs in Michigan, the most frequently searched job titles are:
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What cities in Michigan are hiring for Collateral Analyst jobs? Cities in Michigan with the most Collateral Analyst job openings:
What are popular job titles related to Collateral Analyst jobs in MI? For Collateral Analyst jobs in MI, the most frequently searched job titles are:
Collateral Analyst jobs near you
Infographic showing various Collateral Analyst job openings in Michigan as of June 2026, with employment types broken down into 2% Locum Tenens, 73% Full Time, 9% Part Time, and 16% Contract. Highlights an 82% Physical, 7% Hybrid, and 11% Remote job distribution, with an average salary of $69,105 per year, or $33.2 per hour.
Credit Analyst II

Credit Analyst II

Chelsea State Bank

Chelsea, MI

Other

Posted 22 hours ago

Job description

Description

Summary:


Responsible for analyzing and monitoring the credit worthiness of the Bank's customers. Analyzes financial statements, tax returns, and bank references to evaluate the financial condition of individuals and businesses applying for credit with the Bank. Assists in underwriting loan structures within established Bank guidelines. Oversee collateral evaluation processes for new and existing collateral.


Essential Duties:

  • Minimum of 2-3 years of experience as Credit Analyst
  • Obtains loan request information from commercial lender or borrower to analyze credit information, financial statements and other related information pertaining to the loan.
  • Researches background documentation and reviews personal and business financial statements and tax returns. Analyzes financial information and prepares the preliminary analysis for the lender.
  • Requests and obtains financial statements on existing borrowers.
  • Reviews and prepares written analysis, spreadsheets, reports, summaries and opinions. Prepares or assists in the preparation of loan memorandum for presentation to lenders and/or loan committees.
  • Reviews loan files to ensure the completeness of the file and that all collateral has been secured properly.
  • Assists lenders with calls on past-due loans as assigned by senior management with the bank's loan portfolio.
  • Updates collateral values, as needed on delinquent loans and assists with preparation of quarterly Problem Loan Reports.
  • Follows all applicable laws and regulations.
  • Assists Credit Officer with regulatory reporting to senior management, Board of Directors, internal audit, Federal, State and compliance regulators.
  • Answers telephone or written inquiries concerning loan processing and information.
  • Comply with all bank policies, regulations and laws applicable to carrying out duties and responsibilities, including but not limited to the Bank Secrecy Act.
  • Regular attendance is an essential function.
  • Other duties as assigned.



Requirements

  • Bachelor's degree preferred
  • Good organizational and analytical skills
  • Effective oral and written communication skills
  • Banking experience preferred
  • Proven problem solving skills

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