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Collateral Manager Jobs in Michigan (NOW HIRING)

ITW Avery Weigh-Tronix

Dillon Product Manager

MI · Remote

$80.80K - $121.20K/yr

The Dillon Product Manager will partner with marketing and engineering teams to help design product improvements and create collateral based on market insights. This role will provide technical ...

PNC Bank

Commercial Asset Consultant

Grand Rapids, MI

$55K - $107.80K/yr

... Collateral Management, Credit Analysis and Verification, Data Gathering and Reporting, Effective Communications, Financial Statement Analysis, Negotiating, Problem Solving, Regulatory Environment ...

New

PNC Bank

Commercial Asset Consultant

Troy, MI

$55K - $107.80K/yr

... Collateral Management, Credit Analysis and Verification, Data Gathering and Reporting, Effective Communications, Financial Statement Analysis, Negotiating, Problem Solving, Regulatory Environment ...

New

Chelsea State Bank

Credit Analyst II

Chelsea, MI

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 ...

Chelsea State Bank

Credit Analyst II

Chelsea, MI · On-site

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 ...

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Collateral Manager information

See Michigan salary details

$24K

$71.2K

$119.8K

How much do collateral manager jobs pay per year?

As of May 29, 2026, the average yearly pay for collateral manager in Michigan is $71,189.00, according to ZipRecruiter salary data. Most workers in this role earn between $43,600.00 and $101,500.00 per year, depending on experience, location, and employer.

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

To thrive as a Collateral Manager, you need strong analytical skills, attention to detail, and a solid understanding of financial markets and risk management, usually backed by a degree in finance, economics, or a related field. Familiarity with collateral management systems, settlement platforms, and regulatory tools such as TriOptima or AcadiaSoft, as well as relevant certifications like CFA or FRM, is often required. Excellent communication, organizational skills, and the ability to work under pressure are valuable soft skills in this role. These competencies ensure effective risk mitigation, regulatory compliance, and smooth operations in managing collateral for financial transactions.

What are some common challenges faced by Collateral Managers and how can they be effectively managed?

Collateral Managers often encounter challenges such as managing tight deadlines, ensuring accurate valuation of assets, and keeping up with regulatory changes. Effective organization and strong attention to detail are essential to handle daily reconciliations and exception management. Collaborating closely with trading desks, risk teams, and external counterparties helps resolve discrepancies quickly and maintain compliance. Continuous professional development and staying updated on industry regulations also play a key role in overcoming these challenges.

What does a Collateral Manager do?

A Collateral Manager is responsible for overseeing the management, monitoring, and optimization of collateral used in financial transactions, such as loans, derivatives, and securities lending. Their main duties include ensuring that sufficient collateral is available to mitigate credit risk, managing margin calls, and ensuring compliance with regulatory requirements. They also work closely with trading, risk, and operations teams to ensure the smooth and efficient handling of collateral across various transactions.

What is the difference between Collateral Manager vs Credit Analyst?

AspectCollateral ManagerCredit Analyst
Primary RoleManages and monitors collateral assets to mitigate risk in lendingAssesses creditworthiness of borrowers and analyzes financial data
Required CredentialsTypically requires finance, banking, or related certifications; experience in asset managementOften requires finance, accounting, or related certifications; strong analytical skills
Work EnvironmentFinancial institutions, banks, asset management firmsBanks, lending institutions, credit agencies
Industry UsageCommonly used in lending, asset-backed securities, and risk managementUsed in credit risk assessment, loan approval, and financial analysis

The main difference is that Collateral Managers focus on managing collateral assets to reduce risk, while Credit Analysts evaluate the creditworthiness of borrowers. Both roles require financial expertise and are integral to lending and risk management in financial institutions.

What are popular job titles related to Collateral Manager jobs in Michigan? For Collateral Manager jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Collateral Manager jobs in Michigan look for? The top searched job categories for Collateral Manager jobs in Michigan are:
What cities in Michigan are hiring for Collateral Manager jobs? Cities in Michigan with the most Collateral Manager job openings:
Collateral Manager jobs near you
Warehouse Lending Collateral Specialist

Warehouse Lending Collateral Specialist

Northpointe Bank

Grand Rapids, MI • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 19 days ago

Job description

The POWER of a CAREER!

At Northpointe Bank, we believe your career should empower you — to grow, contribute, and find purpose. We’re hiring an Warehouse Lending Collateral Specialist to support Mortgage Purchase Program (MPP) operations through collateral review, document validation, investor delivery coordination, and compliance tracking.

This role is ideal for a detail-oriented mortgage professional who enjoys working with loan documentation, managing operational timelines, and ensuring collateral accuracy in a fast-paced environment.

What You’ll Do:

  • Monitor aging of wet-funded loans and follow up with clients when timelines exceed program tolerances
  • Retrieve and validate original executed collateral notes and supporting documentation
  • Cross-reference received collateral against funding submissions and confirm MERS registration accuracy
  • Prepare Bailee letters and coordinate shipment of collateral notes to committed investors within required timeframes
  • Maintain accurate records of collateral receipt, validation, and shipment activities
  • Demonstrate working knowledge of Conventional, FHA, VA, NonQM, Second Lien, and Rural Development loan programs
  • Communicate with internal teams and clients to resolve collateral-related issues and maintain workflow efficiency
  • Support compliance with investor requirements, regulatory standards, and internal operational controls
  • Assist MPP leadership with operational support and process improvement initiatives

What You Bring:

  • High school diploma or equivalent required
  • Prior residential mortgage lending experience preferred
  • Minimum of 1 year of customer service experience required
  • Strong attention to detail and ability to manage high-volume workflows
  • Strong organizational, communication, and problem-solving skills
  • Professional demeanor with the ability to interact effectively with internal and external customers
  • Ability to work independently and collaboratively in a team-oriented environment
  • Proficiency in Microsoft Office applications including Word, Excel, and Outlook

Why Join Northpointe?

Join a collaborative, operations-focused environment where your work directly supports investor delivery, mortgage operations, and customer success. You’ll have opportunities to grow your industry knowledge and contribute to process improvements. 

Our Hiring Philosophy

Northpointe Bank recognizes that the quality of our people is the foundation for our success. Attracting individuals who value a challenging work environment that rewards the contributions of its people is the cornerstone of our hiring philosophy.

It is the policy of Northpointe Bank and its subsidiaries to provide equal employment opportunities (EEO) to all persons regardless of age, race, sex, religion, national origin, handicap, marital status, or other attributes not pertinent to the job requirements. This policy reflects our practice of making all employment decisions, from recruitment to promotions, based on an individual's qualifications without discrimination on any basis.

Benefit Information:

  • Medical
  • Dental
  • Vision
  • Life, LTD, & AD&D
  • Dependent Care Spending Plan (DCSA)
  • Employer Stock Ownership Plan with 401(k) feature and company match
  • Complimentary Banking Services
  • Tuition Assistance 

Ready to Apply?

If you’re ready to support mortgage collateral operations with accuracy, compliance, and attention to detail, we want to hear from you. At Northpointe Bank, this is more than a job — it’s the POWER of a CAREER.

AA – EOE

Employment Type: FULL_TIME

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