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Contract Credit Analyst Jobs in Michigan (NOW HIRING)

Commercial Alliance

Senior Credit Analyst

Troy, MI · On-site

SENIOR CREDIT ANALYST Commercial Alliance provides a comprehensive suite of lending services ... and other contract documents. * Knowledge of loan structuring, financial markets, accounting ...

Sturgis Bank & Trust Co

Commercial Lender

Portage, MI · On-site

Ability to read, analyze, and interpret policies, contracts, credit and financial documents as well as other legal documents as needed. * Ability to make effective presentations on complex topics to ...

STURGIS BANK

Commercial Lender

Portage, MI · On-site

Ability to read, analyze, and interpret policies, contracts, credit and financial documents as well as other legal documents as needed. * Ability to make effective presentations on complex topics to ...

Crystal Flash

Credit Specialist

Grand Rapids, MI · On-site

... contracts, policy, or technical/industry specific formats and/or content. * Ability to analyze ... Credit * Collections or * Customer service (preferably in a call center environment) * Microsoft ...

KLA Corporation

Analyst, Collections

Ann Arbor, MI · Hybrid

$60K - $103K/yr

Coordinate with internal stakeholders to address invoice, pricing, tax, shipping, or contract ... Recommend credit holds, order blocks, or management escalation when necessary. * Partner with ...

KLA

Analyst, Collections

Ann Arbor, MI · On-site

$60K - $103K/yr

Coordinate with internal stakeholders to address invoice, pricing, tax, shipping, or contract ... Recommend credit holds, order blocks, or management escalation when necessary. * Partner with ...

KLA Corporation

Analyst, Collections

Ann Arbor, MI · On-site

$60K - $103K/yr

Coordinate with internal stakeholders to address invoice, pricing, tax, shipping, or contract ... Recommend credit holds, order blocks, or management escalation when necessary. * Partner with ...

Orbotech

Analyst, Collections

Ann Arbor, MI · Hybrid

$60K - $103K/yr

Coordinate with internal stakeholders to address invoice, pricing, tax, shipping, or contract ... Recommend credit holds, order blocks, or management escalation when necessary. * Partner with ...

Kla

Analyst, Collections

Ann Arbor, MI · Hybrid

$60K - $103K/yr

Coordinate with internal stakeholders to address invoice, pricing, tax, shipping, or contract ... Recommend credit holds, order blocks, or management escalation when necessary. * Partner with ...

Ford Motor

Strategic Sourcing Analyst

Dearborn, MI · On-site

$74.30 - $124.50/hr

Ford Motor Credit Company is seeking a highly analytical and collaborative Strategic Sourcing ... Experience in contract development, including service contracts, Statements of Work (SOWs), Service ...

Motorsport Hackers

Strategic Sourcing Analyst

Dearborn, MI · On-site

$74.30 - $166.20/hr

Ford Motor Credit Company is seeking a highly analytical and collaborative Strategic Sourcing ... Experience in contract development, including service contracts, Statements of Work (SOWs), Service ...

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Contract Credit Analyst information

What is a contract credit analyst?

Contract Credit Analysts are financial professionals who are hired on a temporary or project basis to assess the creditworthiness of individuals or organizations. They review financial statements, credit data, and economic trends to recommend whether to extend credit or loans. Their role often involves preparing reports, analyzing risk, and helping businesses make informed lending decisions. Contract positions allow companies to bring in specialized expertise for short-term needs or particular projects without committing to permanent hires.

What are some typical challenges a contract credit analyst might face when joining a new organization?

As a Contract Credit Analyst, you may encounter challenges such as quickly adapting to new credit policies, learning unfamiliar financial systems, and understanding the risk appetite of the organization. Since contract roles often require immediate productivity, there may be limited time for onboarding and training. Building relationships with key stakeholders in finance, sales, and risk departments is crucial for effective collaboration and successful analysis. Being proactive and asking clarifying questions can help you acclimate faster and deliver accurate, timely credit assessments.

What are the key skills and qualifications needed to thrive as a contract credit analyst, and why are they important?

To thrive as a Contract Credit Analyst, you need a solid understanding of financial analysis, risk assessment, and credit principles, often supported by a degree in finance, accounting, or a related field. Familiarity with financial modeling software, credit rating systems, and spreadsheet tools like Excel is typically required, and certifications such as CFA or CPA can be advantageous. Strong analytical thinking, attention to detail, and effective communication skills help you interpret data and present findings clearly to stakeholders. These skills are crucial for accurately evaluating creditworthiness, minimizing risk, and supporting sound financial decisions for organizations.

What is the difference between Contract Credit Analyst vs Credit Analyst?

AspectContract Credit AnalystCredit Analyst
CredentialsTypically requires a bachelor's degree in finance, accounting, or related field; certifications like CFA or CPA are a plusSimilar credential requirements; certifications like CFA or CPA are common
Work EnvironmentOften temporary or project-based roles, working with financial institutions or corporationsFull-time positions in banks, financial firms, or corporate finance departments
Employer & Industry UsageUsed by companies needing short-term credit analysis supportWidely used across banking, finance, and corporate sectors for ongoing credit assessment
Comparison Search IntentCommonly compared for project-based vs permanent roles in credit analysis

In summary, a Contract Credit Analyst typically works on temporary projects requiring similar skills and credentials as a Credit Analyst but in a short-term capacity. Both roles involve assessing creditworthiness, but the contract position offers more flexibility and project-based work, while the Credit Analyst role is usually permanent with ongoing responsibilities.

Are contract credit analysts paid well?

Contract credit analysts typically earn competitive wages that vary based on experience, location, and industry. They often receive additional benefits such as performance bonuses and opportunities for skill development in financial analysis and credit risk assessment.

How much is the salary of a contract credit analyst?

The salary of a contract credit analyst typically ranges from $20 to $40 per hour, depending on experience, location, and the complexity of the role. Contract positions may also include benefits such as flexible schedules and project-based work.

Is a contract credit analyst a stressful job?

A contract credit analyst's job can be stressful due to the need for accuracy in assessing credit risk, meeting deadlines, and managing large volumes of financial data. The role often requires attention to detail, analytical skills, and the ability to work under pressure, especially during busy periods or when making critical credit decisions.

What are the most commonly searched types of Credit Analyst jobs in Michigan?

The most popular types of Credit Analyst jobs in Michigan are:

What are popular job titles related to Contract Credit Analyst jobs in Michigan?

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

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

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

What cities in Michigan are hiring for Contract Credit Analyst jobs?

Cities in Michigan with the most Contract Credit Analyst job openings:

Contract Credit Analyst jobs near you

Senior Credit Analyst

Troy, MI • On-site

Commercial Alliance
Nonresidential Properties Rental • 1 - 10 employees
Learn more about Commercial Allianceexternal

Full-time

Re-posted 2 days ago

Job description

SENIOR CREDIT ANALYST
Commercial Alliance provides a comprehensive suite of lending services designed to help credit unions succeed with business members across six states. As a Senior 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.
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.
  • Independently analyze new loan deal packages and assist in recommending loan structure in accordance with established policies and guidelines.
  • 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:
Required Skills/Abilities:
  • Previous experience in credit analysis.
  • Strong analytical skills with the ability to interpret financial data, lease agreements, and other contract documents.
  • Knowledge of loan structuring, 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.
  • Familiarity with commercial loan documentation.
  • Conversant with advanced level accounting principles (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).
EDUCATION AND EXPERIENCE:
Required:
  • Bachelor's degree in finance, accounting, economics, a related field, or equivalent related experience
Preferred:
  • 5+ years of commercial credit analysis experience
  • Familiarity with Abrigo or other LOS software

WHAT WE OFFER

Commercial Alliance offers exciting and challenging opportunities to thrive in a dynamic, collaborative, and innovative environment. As a member of our team, you'll benefit from a competitive salary and comprehensive benefits package. Additionally, you'll have access to unique opportunities for professional and personal growth, along with recognition and rewarding 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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