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Collateral Manager Jobs in Ohio (NOW HIRING)

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Collateral Manager information

See Ohio salary details

$26.1K

$77.7K

$130.7K

How much do collateral manager jobs pay per year?

As of Jul 29, 2026, the average yearly pay for collateral manager in Ohio is $77,650.00, according to ZipRecruiter salary data. Most workers in this role earn between $47,500.00 and $110,800.00 per year, depending on experience, location, and employer.

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 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 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 popular job titles related to Collateral Manager jobs in Ohio? For Collateral Manager jobs in Ohio, the most frequently searched job titles are:
What job categories do people searching Collateral Manager jobs in Ohio look for? The top searched job categories for Collateral Manager jobs in Ohio are:
What cities in Ohio are hiring for Collateral Manager jobs? Cities in Ohio with the most Collateral Manager job openings:
Collateral Manager jobs near you
Infographic showing various Collateral Manager job openings in Ohio as of July 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $77,650 per year, or $37.3 per hour.
Collateral Underwriting Manager

Collateral Underwriting Manager

CrossCountry Mortgage

Cleveland, OH • On-site

Full-time

Medical, Dental, Vision, Retirement

Posted 5 days ago

CrossCountry Mortgage rating

7.4

Company rating: 7.4 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

Job description

CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 9,000 employees operating over 700 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for our standout culture.
A culture where you can grow! CCM has created an exceptional culture driving employee engagement, exceeding employee expectations, and directly impacting company success. At our core, our entrepreneurial spirit empowers every employee to be who they are to help us move forward together. You'll get unwavering support from all departments and total transparency from the top down.
CCM offers eligible employees a competitive compensation plan and a robust benefits package, including medical, dental, vision, as well as a 401K. We also offer company-provided short-term disability, an employee assistance program, and a wellness program.
Position Overview:
The Collateral Underwriting Manager is responsible for leading and mentoring a team of Collateral Underwriters. The Collateral Underwriting Manager handles loan level escalations and general questions from the Collateral Underwriting Team Lead to ensure the conditions and exceptions are resolved in a timely manner. This position ensures all department standard operating procedures are up to date and is involved in department projects.
Job Responsibilities:
  • Handle the day-to-day management of the Collateral Underwriting team including employee development and performance coaching.
  • Serve as the second level escalation point for the Collateral Underwriting team to assist with loan level decisions on various topics.
  • Monitor investor posted turn times and follow up as necessary to ensure files are reviewed within their published turn times.
  • Monitor daily investor reporting to identify loans that have been suspended for purchase and collaborate with department leaders to load balance files as needed within the teams.
  • Assist with onboarding and training new hires and existing employees to be upskilled on a variety of topics as needed.
  • Responsible for adequate staffing of the Collateral Underwriting team including identifying additional positions needed, acting as the hiring manager.
  • Act as subject matter expert for the department by attending meetings with internal partners on new projects and process improvements and perform testing as needed; identify and implement process improvements as needed.
  • Monitor time of loans on the warehouse lines and advise senior management of those at potential risk for curtailment from the warehouse; provide updates on the status of assigned loans with investors to senior management as needed.
  • Monitor a pipeline to ensure all loans shipped are either conditioned or purchased in a timely manner.
  • Ensure team meets set monthly purchased loan goals.
  • Ensure investor guidelines are followed and avoid incurring suspense fees.

Qualifications and Skills:
  • Minimum 5 years' underwriting experience with exposure to both manual and automated underwriting environments.
  • Minimum 3 years' experience in a Team Lead or other leadership role.
  • Knowledge of underwriting guidelines along with exposure to investor conditions and exceptions.
  • Knowledge of transaction components that indicate a potential for fraud.
  • Knowledge of regulatory rules and regulations.
  • Excellent communication, customer service, and problem solving skills.
  • Excellent analytical and organizational skills.
  • Excellent prioritization and time management skills.
  • Proficient in Microsoft Office Suite.

This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. However, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.
CrossCountry Mortgage, LLC offers MORE than a job, we offer a career. Apply now to begin your path to success! careersatccm.com
CrossCountry Mortgage, LLC strives to provide employees with a robust benefit package: https://mycrosscountrybenefits.com
California residents: Please see CrossCountry's privacy statement for information about how CrossCountry collects and uses personal information about California applicants.
CrossCountry Mortgage supports equal employment opportunity in hiring, development and advancement for all qualified persons without regard to race, color, religion, religious creed, national origin, age, physical or mental disability, ancestry, marital status, uniformed service, covered veteran status, citizenship status, sex (including pregnancy, childbirth, and related medical conditions, and lactation), sexual orientation, gender identity, gender expression, transgender status, domestic violence victim status (where applicable), protected hair style or texture, genetic information (testing or characteristics), or any other protected status of an individual or because of the individual's association with a member of a protected group or any other characteristic protected by federal, state, or local law ("Protected Characteristics"). The collective sum of the individual differences, life experiences, knowledge, inventiveness, innovation, self-expression, unique capabilities and talent that our employees invest in their work represents a significant part of not only our culture, but our reputation. The Company is committed to fostering, cultivating and preserving a culture that welcomes diversity and inclusion.
CrossCountry Mortgage, LLC (NMLS3029) is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. To verify licensing, please visit www.NMLSConsumerAccess.org

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