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Credit Analyst Jobs in Michigan (NOW HIRING)

Fifth Third

Senior Credit Analyst

Detroit, MI · On-site

The Senior Credit Analyst supportsend-to-endunderwriting and portfolio monitoring activities through close collaboration with Portfolio Managers, Underwriters, and Credit Risk partners. The roleis ...

Bank of Ann Arbor

Credit Analyst I

Ann Arbor, MI · On-site

As a Credit Analyst I, you'll play a high-impact role in driving smart lending decisions and helping clients move their goals forward. You'll dive into industry and financial analysis for both ...

Fifth Third

Senior Credit Analyst

Detroit, MI · On-site

$95 - $130/hr

GENERAL FUNCTION The Senior Credit Analyst supports end-to-end underwriting and portfolio monitoring activities through close collaboration with Portfolio Managers, Underwriters, and Credit Risk ...

Bank of Ann Arbor

Credit Analyst I

Ann Arbor, MI · On-site

Description As a Credit Analyst I, you'll play a high-impact role in driving smart lending decisions and helping clients move their goals forward. You'll dive into industry and financial analysis for ...

Bank of Ann Arbor

Credit Analyst I

Ann Arbor, MI · On-site

As a Credit Analyst I, you'll play a high-impact role in driving smart lending decisions and helping clients move their goals forward. You'll dive into industry and financial analysis for both ...

Chemical Bank

Senior Credit Analyst

Byron Center, MI · On-site

You will work with Commercial Lending Officers to provide and assist with an underwriting analysis and loan structure that accurately determines the credit worthiness of commercial credit customers ...

Chemical Bank

Senior Credit Analyst

Byron Center, MI · On-site

You will work with Commercial Lending Officers to provide and assist with an underwriting analysis and loan structure that accurately determines the credit worthiness of commercial credit customers ...

Eaton

Senior Credit Analyst

Galesburg, MI

$84K - $123K/yr

Eaton's Corporate Sector division is currently seeking a Senior Credit Analyst. This position will be a hybird role based out of Galesburg, MI, only candidates who are located within a 50 mile radius ...

Eaton Corporation

Senior Credit Analyst

Galesburg, MI · On-site

$84 - $123/hr

Eaton's Corporate Sector division is currently seeking a Senior Credit Analyst. This position will be a hybird role based out of Galesburg, MI, only candidates who are located within a 50 mile radius ...

Eaton

Senior Credit Analyst

Galesburg, MI · On-site

$84K - $123K/yr

Eaton's Corporate Sector division is currently seeking a Senior Credit Analyst. This position will be a hybird role based out of Galesburg, MI, only candidates who are located within a 50 mile radius ...

Nutanix

Senior Credit Analyst

Galesburg, MI · On-site

$84 - $123/hr

Eaton's Corporate Sector division is currently seeking a Senior Credit Analyst. This position will be a hybird role based out of Galesburg, MI, only candidates who are located within a 50 mile radius ...

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Showing results 21-40

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 Sep 3, 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.

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.

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.

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 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.

Are credit analysts paid well?

Credit analysts typically earn a competitive salary that varies based on experience, education, and location. 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 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 and risk assessment are also important. Some roles may require relevant certifications such as the Chartered Financial Analyst (CFA) or Credit Risk Certification.
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 August 2026, with employment types broken down into 1% Internship, 81% Full Time, 16% Part Time, 1% Contract, and 1% Nights. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $54,250 per year, or $26.1 per hour.

Senior Credit Analyst

Fifth Third

Detroit, MI • On-site

Full-time

Posted 8 days ago

Job description

Make banking a Fifth Third better
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION:

The Senior Credit Analyst supportsend-to-endunderwriting and portfolio monitoring activities through close collaboration with Portfolio Managers, Underwriters, and Credit Risk partners. The roleis responsible forindependently executing most aspects of the underwriting process, includingin-depthfinancial and risk analysis, drafting approval and review materials, and supporting credit committees and portfolio reviews with limited oversight.

The Senior Credit Analyst is accountable for managing risk by openly exchanging ideas and viewpoints, elevating concerns with clear analysis and recommendations, and adhering toestablishedpolicies and procedures. The role acts with integrity, supports a positive customer and colleague experience, andoperateswithin the Bank's risk appetite. Success is achieved through consistent identification, assessment, monitoring, and escalation of credit risks.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Partner with Portfolio Managers and/or Underwriters to support complex underwriting, structuring, and ongoing monitoring of commercial credit relationships

  • Independently analyze borrower and guarantor financial statements, including cash flow sustainability, leverage, liquidity, and profitability trends

  • Lead the preparation of concise,well supportedcredit approval memoranda with minimal errors, includingcompany and industry analysis, identification and assessment of key credit risks and mitigants, historical financial analysis and prepare base and downside projectionmodels.

  • Develop, review, andvalidatehistorical financial charts, projection models, and sensitivity analyses.

  • Manage ongoing portfolio monitoring activities, including covenant compliance, financial statement reviews, and execution and validation of risk rating models

  • Review and challenge completed financial spreads andworksto resolve required edits or inconsistencies

  • Prepare Criticized Period Reviews with limited oversight

  • Prepare portfolio analysis and Portfolio Review materials for management and risk committees

  • Ensure accuracy, integrity, and timeliness of credit data across internal systems and reports

  • Take ownership of resolving data, documentation, or analysis deficiencies and escalate issues with clear recommendations when appropriate

  • Proactivelyidentifyemerging risks, adverse trends, or policy exceptions and escalate concernsin a timely manner

  • Serve as a technical and analytical resource for junior analysts,assistingwith training, onboarding, and informal coaching

  • Contribute to special projects, portfolio initiatives, or process improvement efforts as assigned by management

SUPERVISORY RESPONSIBILITY:

None

MINIMUM KNOWLEDGE,SKILLSAND ABILITIES REQUIRED:

  • Bachelor's degree in Business, Finance, Accounting, or a related field

  • 3+ years of experience in Commercial Banking, credit analysis, underwriting, or a related role

  • Strong, demonstrable understanding of financial analysis and credit risk assessment, including development and review of financial models and projections

  • Advanced working knowledge of commercial banking products, services, and credit structures

  • Solid understanding of corporate legal structures and commoncredit relatedlegal documents

  • General knowledge of U.S. banking regulations and supervisory expectations

  • Proficiencyin internal banking systems and applications

  • Strong written and verbal communication skills with the ability to clearly convey complex analysis

  • Demonstrated analytical judgment,problem-solvingcapability, andtheability to manage multiple priorities independentlywithstrongattention to detail

  • Advancedproficiencyin Microsoft Office applications, particularly Excel and PowerPoint

Senior Credit Analyst

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Detroit, Michigan 48226

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

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