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Credit Analyst Jobs in Michigan (NOW HIRING)

dfb

Credit Analyst

Dearborn, MI

As a Credit Analyst, you will evaluate loan requests and financial information to support informed lending decisions while helping maintain portfolio quality and regulatory compliance. This role is ...

dfb

Credit Analyst

Dearborn, MI

As a Credit Analyst, you will evaluate loan requests and financial information to support informed lending decisions while helping maintain portfolio quality and regulatory compliance. This role is ...

DFCU Financial

Credit Analyst

Tampa, FL · On-site

As a Credit Analyst, you will evaluate loan requests and financial information to support informed lending decisions while helping maintain portfolio quality and regulatory compliance. This role is ...

thyssenkrupp

Credit Analyst

Southfield, MI · On-site

$60K - $70K/yr

Credit / Accounts Receivable Analyst Key Responsibilities * Tax Management: Partner with master data teams to ensure customers are accurately set up and taxed correctly, including maintaining and ...

County National Bank

Credit Analyst II

Portage, MI · On-site

The Analyst II demonstrates a strong understanding of commercial lending, credit policy, and financial analysis. DUTIES * Independently analyze commercial client financial statements, tax returns ...

First Merchants Bank

Credit Analyst I

Royal Oak, MI

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank

Credit Analyst I

Royal Oak, MI

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

FIRST MERCHANTS

Credit Analyst I

Royal Oak, MI

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

County National Bank

Credit Analyst II

Portage, MI

The Analyst II demonstrates a strong understanding of commercial lending, credit policy, and financial analysis. DUTIES * Independently analyze commercial client financial statements, tax returns ...

First Merchant's Bank

Credit Analyst I

Royal Oak, MI · On-site

This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you will: * Complete accurate, unbiased credit analyses within required ...

Bank Michigan

Credit Analyst II

Brooklyn, MI · Hybrid

Bank Michigan is currently seeking qualified applicants for the position of Credit Analyst II. Some hybrid-remote flexibility available; however, candidate must reside within a commutable distance to ...

Commercial Alliance

Senior Credit Analyst

Troy, MI

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 ...

Bank Michigan

Credit Analyst II

Brooklyn, MI · Hybrid

Bank Michigan is currently seeking qualified applicants for the position of Credit Analyst II. Some hybrid-remote flexibility available; however, candidate must reside within a commutable distance to ...

County National Bank

Credit Analyst I

Jackson, MI · On-site

CNB is looking for a qualified, motivated, and client- and team-focused individual to join our team as a Credit Analyst I. This position will be ON-SITE at our Jackson location. Key Responsibilities

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All JobsCredit Analyst JobsCredit Analyst Jobs in Michigan

Credit Analyst information

See Michigan salary details

$13

$26

$42

How much do credit analyst jobs pay per hour?

As of Jul 30, 2026, the average hourly pay for credit analyst in Michigan is $26.08, according to ZipRecruiter salary data. Most workers in this role earn between $20.10 and $29.33 per hour, depending on experience, location, and employer.

Will AI replace credit analyst?

AI can automate routine tasks such as data analysis and credit scoring for credit analysts, increasing efficiency. However, the role of a credit analyst also involves judgment, relationship management, and understanding complex financial situations, which are less easily replaced by AI. Therefore, AI is more likely to augment rather than fully replace credit analysts in the near future.

What qualifications do you need to be a credit analyst?

To become a credit analyst, candidates typically need a bachelor's degree in finance, accounting, economics, or a related field. Strong analytical skills, proficiency with financial analysis tools, and knowledge of credit reporting are also important; some roles may require relevant certifications such as the CFA or credit-specific training.

What is the difference between Credit Analyst vs Loan Officer?

AspectCredit AnalystLoan Officer
Required CredentialsBachelor's degree in finance, accounting, or related field; certifications like CFA or credit analysis coursesBachelor's degree in finance, business, or related; often requires mortgage or loan origination licenses
Work EnvironmentOffice setting, analyzing financial data, assessing creditworthinessOffice or branch, meeting clients, processing loan applications
Employer & Industry UsageBanks, credit unions, financial institutionsBanks, mortgage companies, credit unions

While both roles involve financial assessment, a Credit Analyst primarily evaluates credit data to determine risk, whereas a Loan Officer interacts directly with clients to approve and process loan applications. Understanding these differences helps in choosing the right career path or job search focus.

What exactly does a credit analyst do?

A credit analyst evaluates the creditworthiness of individuals or businesses by analyzing financial statements, credit reports, and other relevant data. They assess the risk of lending money or extending credit, often using financial modeling and tools like spreadsheets, to help organizations make informed lending decisions. Strong analytical skills and knowledge of credit policies are essential for this role.

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

To thrive as a Credit Analyst, you need strong analytical skills, financial acumen, and typically a degree in finance, accounting, or a related field. Proficiency in financial modeling, Microsoft Excel, and experience with credit risk assessment software such as Moody’s or S&P Global Market Intelligence are highly valued. Excellent attention to detail, effective communication, and sound judgment are essential soft skills for assessing clients and presenting findings. These abilities ensure accurate credit evaluations, mitigate risk, and support informed lending decisions.

What are the typical challenges a Credit Analyst faces when evaluating complex loan applications?

Credit Analysts often encounter challenges such as incomplete financial information, inconsistent documentation, and the need to assess risk in rapidly changing market conditions. Evaluating applicants from diverse industries may require specialized knowledge to accurately interpret financial statements and cash flow projections. Strong analytical skills and effective communication with both clients and internal stakeholders are essential to resolve ambiguities and ensure sound credit decisions.

What does a Credit Analyst do?

A Credit Analyst evaluates the creditworthiness of individuals or businesses applying for loans or credit. They review financial statements, credit reports, and economic conditions to assess the risk of lending money. Based on their analysis, they make recommendations to approve or deny credit applications and may suggest terms for repayment. Their work helps financial institutions minimize losses and make informed lending decisions.

Are credit analysts paid well?

Credit analysts typically earn competitive salaries that vary based on experience, location, and industry. According to industry data, the median annual wage for credit analysts is around $70,000, with higher earnings possible for those with advanced certifications or in senior roles. The profession often offers opportunities for bonuses and career advancement.

What Does a Credit Analyst Do?

As a credit analyst, you evaluate customer credit history to determine the risk level for giving out loans or lines of credit to clients. You’ll use statistical software to help you decide which clients are eligible for loans and which ones aren’t. Your job duties include analyzing your clients’ financial statements and credit history, establishing credit limits, informing clients of payment policies, and resolving disputes. Your decisions impact whether the bank or financial institution you work for makes money or loses money, so your responsibilities make you a crucial part of the team.

More about Credit Analyst jobs
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 Credit Analyst jobs in Michigan? For Credit Analyst jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Credit Analyst jobs in Michigan look for? The top searched job categories for Credit Analyst jobs in Michigan are:
What cities in Michigan are hiring for Credit Analyst jobs? Cities in Michigan with the most Credit Analyst job openings:
What are popular job titles related to Credit Analyst jobs in MI? For Credit Analyst jobs in MI, the most frequently searched job titles are:
Credit Analyst jobs near you
Infographic showing various Credit Analyst job openings in Michigan as of July 2026, with employment types broken down into 78% Full Time, 11% Part Time, and 11% Contract. Highlights an 100% In-person job distribution, with an average salary of $54,250 per year, or $26.1 per hour.

Credit Analyst

GreenStone Farm Credit Services

Grand Rapids, MI • On-site, Remote

$150/day

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

New

Job description

We are seeking an experienced Credit Analyst to join our capital markets team in one of the following locations: Grand Rapids-MI, East Lansing-MI or Little Chute-WI. Remote work arrangements would be considered, depending on qualifications. In this role, you will be at the forefront of the credit approval process, offering your expertise on high impact loan requests. Your contributions will directly impact the soundness and comprehensiveness of our credit decisions, ensuring the financial well-being of the communities we serve.

 

What can we offer you?

 

GreenStone trusts the people we hire. We empower employees to make the best decisions for the customer and the company.

 

GreenStone has an outstanding Total Rewards package, which includes, but is not limited to:

  • 15 vacation days, 12 sick days, and 12 paid holidays per year
  • 401(k) plan - up to a 9% employer contribution/match
  • Medical, Dental, Vision, STD, LTD, Life/AD&D benefits, etc.
  • Paid Parental leave
  • $150/year Logo Wear allowance
  • $400/year Wellness Subsidy/Reimbursement & wellness programs
  • $6,000 lifetime maximum Student Debt repayment program or tuition assistance
  • Yearly bonus/incentive opportunity available to all employees

 

Get to know GreenStone

Our $16 billion portfolio of customers, ranging from rural homeowners to global agriculture and food businesses, provides our employees with a unique opportunity to maintain a local presence while working for a top workplace. Our diverse business structure provides exciting opportunities for passionate, talented professionals in many areas. Additionally, many of our team members are highly respected in their area of expertise at both the state and national level making GreenStone one of the top Farm Credit associations in the country.

 

Culture

 

Core Four values steer everything we do at GreenStone. Customer First, Delivery Quality, Get involved, Do the right thing. Employees work as a team to create a company fueled by the desire to best serve each other and our customers every day. Greenstone culture promotes innovative thinking, professional development, health and wellness, and a relaxed work environment with flexible schedules.

 

Day in the life of a Credit Analyst

 

  • Detailed Analysis: Examine loan requests with meticulous attention to detail, producing accurate and thorough assessments.
  • Financial Analysis: Conduct comprehensive financial analysis, evaluate GAAP financial statements, review and sensitize projected financial models, and compile comparative data using market comps or credit standards. Utilize the five C's of credit to assess creditworthiness.
  • Loan Narratives: Prepare and present detailed loan narratives that provide a comprehensive view of the applicant's capital, capacity, collateral, conditions, key risks, mitigants, and recommendations for approvals.
  • Portfolio Management: Assist in portfolio management by monitoring company performance and specific loan covenants, ensuring borrowers meet their financial obligations. Your role is critical to safeguarding the organization's interests.
  • Legal Documentation: Review legal documentation associated with loan requests to ensure that credit terms align with our risk appetite and credit policies, reducing risks and maintaining consistency.
  • Market Insights: Stay updated on industry trends, regulatory changes, and market conditions to make informed underwriting decisions. Your knowledge will be invaluable in adapting to evolving financial landscapes.
  • Collaboration: Work closely with cross-functional teams to ensure that customer requests are processed efficiently through closing. Your collaboration will help ensure that our customers receive the support and financial solutions they need in a timely manner.

 

What Experience do you bring?

  • Bachelor's degree in business, accounting, agriculture business management or related field.
  • Knowledge of GAAP accounting principles
  • 1+ years in credit analysis/underwriting, financial services, or agricultural lending experience
  • Deep understanding of credit analysis underwriting, risk assessment and financial modeling on larger, more complex requests.
  • Strong analytical and problem-solving skills.
  • Exceptional attention to detail and accuracy.
  • Excellent communication and teamwork abilities.

GreenStone Farm Credit Services is an equal opportunity employer. It is our policy to provide equal employment opportunity to all persons regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, age, disability, veteran status, genetic information, or any other characteristic protected by law. We comply with all federal, state and local equal employment opportunity regulations. We conduct all personnel decisions and processes relating to our employees and job applicants in an environment free of discrimination and harassment.

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