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Collateral Analyst Jobs in Michigan (NOW HIRING)

ChoiceOne Bank

Loan Review Analyst

Kent City, MI · On-site

... collateral information for diverse types of loans, including ascertaining an appropriate loan ... Analytical - Synthesizes complex and diverse information; collects and researches data; uses ...

RANGE BANK

Credit Analyst

Marquette, MI · On-site

$60 - $80/hr

Financial, collateral, borrower, and industry analysis * Appraisal reviews and internal real estate evaluations * Identification of exceptions to loan policy * Borrower and loan grading * Business ...

Range Bank

Credit Analyst

Marquette, MI · On-site

Financial, collateral, borrower, and industry analysis * Appraisal reviews and internal real estate evaluations * Identification of exceptions to loan policy * Borrower and loan grading * Business ...

Range Bank

Credit Analyst

Marquette, MI · On-site

Financial, collateral, borrower, and industry analysis * Appraisal reviews and internal real estate evaluations * Identification of exceptions to loan policy * Borrower and loan grading * Business ...

Range Bank

Credit Analyst

Marquette, MI · On-site

Financial, collateral, borrower, and industry analysis * Appraisal reviews and internal real estate evaluations * Identification of exceptions to loan policy * Borrower and loan grading * Business ...

Optimal Inc.

Project Management Analyst

Dearborn, MI · On-site

$107K/yr

Presentation & Collateral Design: Create highly polished, professional PowerPoint presentations for ... Analytical Mindset: Strong proficiency in Microsoft Excel (e.g., VLOOKUPs, Pivot Tables, data ...

Optimal

Project Management Analyst

Dearborn, MI · On-site

$70 - $95/hr

Presentation & Collateral Design: Create highly polished, professional PowerPoint presentations for ... Analytical Mindset: Strong proficiency in Microsoft Excel (e.g., VLOOKUPs, Pivot Tables, data ...

Optimal Inc.

Project Management Analyst

Dearborn, MI · On-site

$107K/yr

Presentation & Collateral Design: Create highly polished, professional PowerPoint presentations for ... Analytical Mindset: Strong proficiency in Microsoft Excel (e.g., VLOOKUPs, Pivot Tables, data ...

Optimal Inc.

Project Management Analyst

Dearborn, MI · On-site

$107K/yr

Presentation & Collateral Design: Create highly polished, professional PowerPoint presentations for ... Analytical Mindset: Strong proficiency in Microsoft Excel (e.g., VLOOKUPs, Pivot Tables, data ...

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All JobsCollateral Analyst JobsCollateral Analyst Jobs in Michigan

Collateral Analyst information

See Michigan salary details

$16

$33

$48

How much do collateral analyst jobs pay per hour?

As of Sep 7, 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 is a collateral analyst?

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.

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 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 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 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.

More about Collateral Analyst jobs

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For Collateral Analyst jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Collateral Analyst jobs in Michigan look for?

The top searched job categories for Collateral Analyst jobs in Michigan are:

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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 August 2026, with employment types broken down into 86% Full Time, 8% Part Time, 5% Contract, and 1% Nights. Highlights an 81% Physical, 8% Hybrid, and 11% Remote job distribution, with an average salary of $69,105 per year, or $33.2 per hour.

Loan Review Analyst

ChoiceOne Bank

Kent City, MI • On-site

Full-time

Re-posted 11 days ago

Key responsibilities

  • Review and analyze credit and collateral information for various types of loans to determine appropriate loan ratings.

  • Manage and perform annual credit reviews on commercial loan relationships, including reviewing financial and credit information and providing credit analysis.

  • Coordinate appraisal and environmental reviews, and prepare key management reports related to loan portfolios.

Job description

Description:

Loan Review Analyst

Exempt - Grade Level 8

Equal Employment Opportunity 


Corporate Values & Mission

“Provide superior service, quality advice and show utmost respect to everyone we meet.”


General Summary

Review and analyze credit and collateral information for diverse types of loans, including ascertaining an appropriate loan rating. Prepare and occasionally present annual loan reviews for approval to various committees. Review appraisals, property evaluations, and various environmental reports. Prepare and compile various key management reports.


Reports To

AVP Loan Review Supervisor


Essential Duties and Responsibilities

  • Manage and perform annual credit reviews on commercial loan relationships, to include review of all pertinent credit & financial information, such as credit bureaus, UCC & title searches, various financial statements, the loan files to include both credit & collateral, and provide credit analysis and assign grading to same.
  • Assess the adherence to internal credit and loan administration policies and procedures.  
  • Coordinate Appraisal/Environmental orders and complete reviews as assigned and in accordance with guidelines.
  • Provide special reviews as requested to assess the state of certain loan portfolio segments.
  • Input financial statement spreads using Flash Spread.


Qualifications

To perform this job successfully, an Individual in this position must be able to perform each of the above essential duties satisfactorily and exhibit the values of the Company. In addition, the requirements listed below are representative of the knowledge, skill and/or ability required.


Experience and/or Education

  • Bachelor’s Degree
  • Minimum three (3) years of review experience; or equivalent combination of education and experience
  • Computer knowledge – Windows, Microsoft Office
  • Working knowledge of Banking


Competencies

In addition to the Corporate Core Competencies, individuals in this position are expected to have the following skills:

Communication – Speaks clearly and persuasively in positive or negative situations; listens and gets clarification; responds well to questions; demonstrates group presentation skills; participates in meetings. Writes clearly and informatively.

Analytical – Synthesizes complex and diverse information; collects and researches data; uses intuition and experience to complement data.

Adaptability – Adapts to changes in work environment; manages competing demands; changes approach or method to best fit the situation; able to deal with frequent change, delays or unexpected events.

Initiative – Undertakes self-development activities; takes independent actions and calculated risks; looks for and takes advantage of opportunities; asks for and offers help when needed.

Technical Skills – Assesses own strengths and weaknesses; pursues training and development opportunities; strives to continuously build knowledge and skills; shares expertise with others. Has a thorough understanding of underwriting, coverages and rating procedures.

Judgment – Displays willingness to make decisions; exhibits sound and accurate judgement; supports and explains reasoning for decisions; includes appropriate people in decision-making process. Makes timely decisions.

Business Acumen – Understands business implications of decisions; displays orientation to profitability; demonstrates knowledge of market and competition; aligns work with strategic goals.


Physical Demands and Work Environment

Ability to work in an office environment which may include many hours of computer and telephone usage. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.


This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their supervisor, subject to reasonable accommodation.


Requirements: