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Collateral Analyst Jobs in Michigan (NOW HIRING)

Commercial Alliance

Commercial Credit Analyst

Troy, MI · Hybrid

ESSENTIAL DUTIES AND RESPONSIBILITIES: • Spread, review, and analyze financial statements, credit reports, collateral evaluations, and other relevant financial information of prospective borrowers.

G-TECH Services

Be Seen First

Project Management Analyst

Dearborn, MI · On-site

$44/hr

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

Northernlakescmh

Behavioral Analyst

Grayling, MI · On-site

$85K - $97K/yr

Conduct comprehensive behavioral assessments, including functional behavior assessments (FBAs), record reviews, and collateral interviews. * Analyze antecedents, behaviors, and consequences (ABC data ...

Northernlakescmh

Behavioral Analyst

Traverse City, MI · On-site

$85K - $97K/yr

Conduct comprehensive behavioral assessments, including functional behavior assessments (FBAs), record reviews, and collateral interviews. * Analyze antecedents, behaviors, and consequences (ABC data ...

Northernlakescmh

Behavioral Analyst

Houghton, MI · On-site

$85K - $97K/yr

Conduct comprehensive behavioral assessments, including functional behavior assessments (FBAs), record reviews, and collateral interviews. * Analyze antecedents, behaviors, and consequences (ABC data ...

Northernlakescmh

Behavioral Analyst

Cadillac, MI · On-site

$85K - $97K/yr

Conduct comprehensive behavioral assessments, including functional behavior assessments (FBAs), record reviews, and collateral interviews. * Analyze antecedents, behaviors, and consequences (ABC 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.

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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.

Commercial Credit Analyst

Commercial Alliance

Troy, MI • Hybrid

Full-time

Posted 5 days ago

Key responsibilities

  • Assess the creditworthiness of individuals and businesses by analyzing financial statements, credit reports, and collateral evaluations.

  • Evaluate risk factors and prepare credit memo write-ups to support credit decisions.

  • Monitor the financial performance and covenant compliance of existing loans, identify potential risks, and recommend appropriate actions.

Job description

CREDIT ANALYST
Commercial Alliance provides a comprehensive suite of lending services designed to help credit unions succeed with business members across six states. We are looking for an enthusiastic, self-motivated professional to assist with Credit.

As a Credit Analyst, you will be responsible for assessing the credit worthiness of individuals and
businesses seeking loans or credit lines. You will analyze financial data, evaluate risk factors, prepare credit memo write-ups, and provide recommendations regarding credit decisions. You will also review existing loans for financial performance and compliance with covenants and reassess risk ratings.
This is a hybrid position based in either Troy, Michigan, or Loveland, Ohio.

ESSENTIAL DUTIES AND RESPONSIBILITIES:
• Spread, review, and analyze financial statements, credit reports, collateral evaluations, and
other relevant financial information of prospective borrowers. Prepare and underwrite credit
presentations for recommendation.
• Receive direction from Credit Manager as to reviewing new loan deal packages.
• Evaluate the risk associated with extending credit to individuals or businesses based on factors
such as income, debt levels, payment history, and market conditions.
• Ensure compliance with company credit policies and procedures when evaluating credit
applications.
• Monitor the performance of existing credits, evaluate financial performance and covenant
compliance, identify potential risks, and recommend appropriate actions per policy.
• Stay informed about industry trends, economic indicators, and regulatory changes that may
impact credit risk.
• SBA underwriting or assistance with SBA programs or SBA packaging as LSP.
• Perform other duties as assigned.

QUALIFICATIONS:
• Bachelor’s degree in finance, accounting, economics, a related field, or equivalent related
experience
• Previous experience in credit analysis, financial analysis, or risk management
• Strong analytical skills with the ability to interpret financial data, lease agreements, and other
contract documents.
• Knowledge of financial markets, accounting principles, and credit risk assessment techniques.
• Excellent communication and interpersonal skills.
• Attention to detail and ability to work independently.
• Familiarity with regulatory requirements and industry best practices in credit risk management
preferred.
• Conversant with intermediate level accounting principals (cash/accrual basis, cost, and contractor),
lending experience helpful.
• Knowledge of and ability to read, interpret and draw accurate conclusions from financial and
numerical material.
• Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective
judgments as to priority and time allocation.
• Proficiency in Microsoft Office applications Outlook, Teams, Excel, Word, PowerPoint
• Preferred 2+ years commercial credit analysis experience
• Preferred familiarity with Baker Hill, Abrigo or other LOS software
Commercial Alliance offers exciting and challenging opportunities to work in a dynamic, collaborative, and innovative environment.. As a part of our team you'll enjoy our competitive salary and benefits packages. You'll also encounter exciting opportunities for both professional and personal growth, along with recognition and valuable experiences.
If you are a strategic thinker with a passion for delivering exceptional products and working in a fast-paced environment, we would love to hear from you. Apply today to join our team!

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