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Credit Director Jobs in Indiana (NOW HIRING)

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Credit Director information

See Indiana salary details

$80.4K

$148.7K

$286.9K

How much do credit director jobs pay per year?

As of Sep 2, 2026, the average yearly pay for credit director in Indiana is $148,744.00, according to ZipRecruiter salary data. Most workers in this role earn between $99,400.00 and $178,900.00 per year, depending on experience, location, and employer.

What is a credit director?

Credit Directors are senior financial professionals responsible for overseeing an organization's credit policies, procedures, and risk management strategies. They evaluate and approve credit applications, set credit limits, and monitor outstanding accounts to ensure timely payments and minimize financial risk. Credit Directors also lead teams of credit analysts and collaborate with other departments to support business growth while maintaining healthy credit practices.

What does a credit director do?

A credit director determines the strategic direction of a banking or lending institution and is responsible for risk analysis. Their duties are to oversee loan underwriting and collections. Additional responsibilities are to ensure company practices adhere to municipal, state, and federal financial laws and regulations. The academic qualifications necessary to become a credit director often include a bachelor’s or master’s degree in finance, business administration, accounting, or economics as well as extensive experience.

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

To thrive as a Credit Director, you need deep expertise in credit analysis, risk assessment, and financial management, often supported by a degree in finance, accounting, or a related field. Familiarity with credit risk modeling tools, financial statement analysis software, and regulatory compliance systems is crucial. Strong leadership, decision-making, and negotiation skills help you effectively manage teams and stakeholder relationships. These skills are vital to ensure sound credit decisions, minimize risk, and support organizational financial goals.

What are some common challenges faced by a credit director when managing a diverse loan portfolio?

A Credit Director often encounters challenges such as balancing risk across different sectors, ensuring compliance with changing regulations, and responding quickly to market fluctuations. Managing a diverse portfolio requires continuous analysis to identify potential credit risks and implementing strategies to mitigate them. Additionally, collaboration with teams across underwriting, sales, and risk management is essential to maintain portfolio health and meet organizational goals. Adapting to evolving client needs and market conditions can also be demanding but provides valuable opportunities for professional growth.

What is the difference between Credit Director vs Credit Manager?

AspectCredit DirectorCredit Manager
ResponsibilitiesOversees credit policies, strategic credit risk management, and high-level decision-makingManages daily credit operations, evaluates creditworthiness, and approves credit limits
Required CredentialsTypically requires a bachelor’s degree in finance or related field; certifications like CPA or CFA are commonUsually requires a bachelor’s degree in finance, accounting, or business; relevant certifications are advantageous
Work EnvironmentStrategic, executive-level setting within finance or credit departmentsOperational, team-oriented environment focused on credit assessment and approval

The Credit Director focuses on strategic credit risk management and policy development, while the Credit Manager handles daily credit operations and assessments. Both roles require similar educational backgrounds and certifications, but differ in scope and level of responsibility within the credit department.

More about Credit Director jobs

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

The most popular types of Credit jobs in Indiana are:

What cities in Indiana are hiring for Credit Director jobs?

Cities in Indiana with the most Credit Director job openings:

Credit Director jobs near you

Commercial Credit Analyst

Notre Dame Federal Credit Union

Mishawaka, IN • On-site

Full-time

This job post has expired today. Applications are no longer accepted.

Job description

PRIMARY FUNCTION:

Responsible for providing competent credit analysis for lending activities, assistance in the administration of borrowing accounts, conduct appraisal reviews, and assistance in completion of special projects and assignments. Processed credit applications; verifies credit references and information; and determines credit limits. Prepares reports on the status of credit and collections, and other operating systems.

ESSENTIAL DUTIES & RESPONSIBILITIES:

This position must effectively carry-out the essential duties in a manner that consistently demonstrates the core values of Notre Dame Federal Credit Union in a positive manner.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The duties identified below are the essential functions of the position and other duties may be assigned.

  • Completes a thorough, in-depth analysis of new commercial credit requests, credit change requests, renewals and annual relationship reviews. Recommend risk rating changes when analysis merits.
  • Prepare spreadsheets, reports, summaries and opinions for lenders on new, renewal and existing loans. Reports finds to Director of Commercial Credit that may have an adverse effect on the loan collateral or the borrows ability to repay the loan.
  • Completing loan application forms and submitting to loan committees for approval with notes and opinions. Ensures company credit exposures on assigned loans are within set risk bearing limits.
  • Completes loan work-ups and proper execution to ensure adequate enforceability of company's position for new and existing loans reviewed. This includes loan details, document review, financial copies, approvals, etc.
  • Determines that loan file documentation is complete and properly executed to ensure adequate enforceability of the company's position for all new loan reviewed.
  • Lead or assist with projects that will consist primarily of credit administration issues and may relate to possible changes in policies and procedure, possible changes as a result of examiner or auditor recommendations, peer group analysis, market studies, changes in compliance and regulations, software upgrades, monitoring or industry or borrower concentrations, risk assessments, and feasibility studies for efficiency gains such as out-sourcing, in-sourcing, centralization of duties/staff, etc.
  • Prepares various reports for the Board. Provides regulators and auditors with information needed to assess company's compliance with loan review policies and procedures and reserve adequacy methods.
  • Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

SUPERVISORY RESPONSIBILITIES:

No responsibility.

PERFORMANCE STANDARDS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. This position will require the knowledge to effectively process Commercial loan applications, establishes and maintains internal controls, maintains security controls, controls loan quality, and analyzes loan products to attain the lending goals and objectives of the Credit Union. A professional appearance and attitude as well as the ability to communicate, coach, counsel, and motivate the staff to accomplish goals is necessary.

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