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Credit Manager Jobs in Michigan (NOW HIRING)

Bank of Ann Arbor

Credit Manager

Ann Arbor, MI · On-site

Job Type Full-time Description Position Overview The Credit Manager plays a central role in maintaining the safety and soundness of the bank's credit portfolio. This position leads credit ...

Bank of Ann Arbor

Credit Manager

Ann Arbor, MI

Description Position Overview The Credit Manager plays a central role in maintaining the safety and soundness of the bank's credit portfolio. This position leads credit underwriting, approval, and ...

Bank of Ann Arbor

Credit Manager

Ann Arbor, MI · On-site

Position Overview The Credit Manager plays a central role in maintaining the safety and soundness of the bank's credit portfolio. This position leads credit underwriting, approval, and portfolio ...

Carhartt

Sr. Manager, Credit

Dearborn, MI · On-site

Title: Sr. Manager, Credit Department: Accounting Reports to: Director, Finance - CCG/NAWS Location: Dearborn Job Classification: Hybrid FLSA Status: Exempt Job Band: Manager Job Summary The Sr. ...

ThinkingAhead

Chief Credit Officer

Kalamazoo, MI · On-site

$195K - $235K/yr

The successful candidate will oversee all aspects of credit risk management, portfolio administration, asset quality, and underwriting across both commercial and retail lending. The Bank is committed ...

ThinkingAhead

Chief Credit Officer

Kalamazoo, MI · Hybrid

$195K - $235K/yr

The successful candidate will oversee all aspects of credit risk management, portfolio administration, asset quality, and underwriting across both commercial and retail lending. The Bank is committed ...

STURGIS BANK

Chief Credit Officer

Sturgis, MI

The Chief Credit Officer (CCO) is responsible for the overall credit quality, risk management, and ... The CCO partners with executive management and the Board of Directors to support sustainable loan ...

Crystal Flash

Credit Specialist

Grand Rapids, MI

Identify troubled accounts and work with Credit Managers to perform collection activities such contacting delinquent accounts, conferring with customers regarding reasons for overdue payments and ...

ThyssenKrupp

Credit

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 ...

Robert Half

Card Services Manager

Brighton, MI · On-site

$90K - $100K/yr

We are looking for a Card Services Manager to oversee card operations and lead a high-performing team supporting debit and credit card services in Brighton, Michigan. This hybrid role requires a ...

LAFCU

Card Services Manager

Lansing, MI · On-site

Partner with the VP Card Services to manage the debit and credit card programs, including issuance, processing, servicing, disputes, chargebacks, and rewards. * Oversee daily card operations to ...

LAFCU

Card Services Manager

Lansing, MI

Partner with the VP Card Services to manage the debit and credit card programs, including issuance, processing, servicing, disputes, chargebacks, and rewards. * Oversee daily card operations to ...

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 ...

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All JobsCredit JobsCredit Manager JobsCredit Manager Jobs in Michigan

Credit Manager information

See Michigan salary details

$22.2K

$59K

$112.4K

How much do credit manager jobs pay per year?

As of Jul 31, 2026, the average yearly pay for credit manager in Michigan is $58,971.00, according to ZipRecruiter salary data. Most workers in this role earn between $31,400.00 and $80,600.00 per year, depending on experience, location, and employer.

What are some typical challenges Credit Managers face when assessing credit risk, and how can these be addressed?

Credit Managers often face the challenge of gathering sufficient and reliable financial data to accurately assess the creditworthiness of clients, especially with new or small businesses. Balancing the need for thorough risk analysis with maintaining positive customer relationships is also crucial. To address these challenges, Credit Managers use robust credit scoring systems, maintain clear communication with clients, and stay updated on industry trends to refine their risk assessment strategies. Collaboration with sales and finance teams is essential to align credit policies with organizational goals while minimizing exposure to bad debt.

What are the 5 C's of credit management?

The 5 C's of credit management are Character, Capacity, Capital, Collateral, and Conditions. These criteria help credit managers assess a borrower's creditworthiness and determine the risk of extending credit. Understanding and evaluating these factors is essential for effective credit risk management and decision-making.

What Does a Credit Manager Do?

A credit manager works in the banking industry or for a lending organization. Their job responsibilities include underwriting or evaluating requests for credit using credit scores, projected profits and losses, and risk factors. People in credit management are responsible for accepting or rejecting loan applications based on these criteria and have the authority to oversee the company’s lending process. The job duties of a credit manager also include creating models to assess creditworthiness, as their ultimate goal is to reduce loss and increase profits from lending. Alternatively, a credit manager can work for a seller, typically a business-to-business or B2B organization, granting trade credit to buyers. Credit managers are responsible for creating models or criteria to assess the creditworthiness of buyers, creating discount or incentive programs for early payment, and managing the credit department of the company. They may also be responsible for credit accounting and collections. Career qualifications include a bachelor’s degree in accounting, business, or a related field.

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

To thrive as a Credit Manager, you need expertise in financial analysis, credit risk assessment, and a solid understanding of accounting principles, often supported by a degree in finance or a related field. Familiarity with credit management software, ERP systems, and relevant certifications such as Certified Credit Professional (CCP) are commonly required. Strong negotiation, decision-making, and communication skills help build trust with clients and effectively manage credit policies. These skills ensure the organization minimizes financial risk while maintaining healthy customer relationships and cash flow.

What is the difference between Credit Manager vs Credit Analyst?

AspectCredit ManagerCredit Analyst
CredentialsBachelor's degree; often certifications like CAM, CCRABachelor's degree; often certifications like CAM, CCRA
Work EnvironmentOversees credit policies, manages teams, interacts with senior managementAnalyzes credit data, assesses risk, prepares reports
Employer & IndustryFinancial institutions, corporations, credit agenciesFinancial institutions, credit bureaus, lending companies

The Credit Manager focuses on overseeing credit policies, managing credit teams, and making high-level credit decisions. In contrast, the Credit Analyst primarily analyzes credit data, assesses risk, and prepares reports to support credit decisions. Both roles require similar credentials and often work within the same industries, but their responsibilities differ in scope and focus.

Is credit management a good career?

Credit management is a stable career that involves assessing creditworthiness, managing credit risk, and maintaining customer relationships. It often requires strong analytical skills, attention to detail, and knowledge of financial regulations, with opportunities for advancement into senior finance roles.

What is the highest paying credit manager job?

The highest paying credit manager roles are typically senior or executive-level positions such as Credit Director or Chief Credit Officer, often found in large corporations or financial institutions. These roles require extensive experience, advanced financial skills, and sometimes certifications like CFA or CPA, and they can offer salaries exceeding $150,000 annually depending on the industry and location.

What is the work of a credit manager?

A credit manager oversees a company's credit policies, evaluates the creditworthiness of clients, and approves or denies credit applications. They analyze financial data, manage credit risk, and ensure timely collection of payments, often using credit management software. Strong analytical skills and knowledge of financial regulations are essential for this role.

What does a Credit Manager do?

A Credit Manager is responsible for overseeing a company's credit policies, assessing the creditworthiness of potential customers, and managing the process of granting credit and collecting payments. They analyze financial data, set credit limits, and help minimize financial risk to the organization. Credit Managers also work closely with sales and accounting teams to ensure that credit terms are followed and that outstanding debts are collected efficiently.
More about Credit Manager jobs
What are the most commonly searched types of Credit jobs in Michigan? The most popular types of Credit jobs in Michigan are:
What are popular job titles related to Credit Manager jobs in Michigan? For Credit Manager jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Credit Manager jobs in Michigan look for? The top searched job categories for Credit Manager jobs in Michigan are:
What cities in Michigan are hiring for Credit Manager jobs? Cities in Michigan with the most Credit Manager job openings:
Credit Manager jobs near you
Infographic showing various Credit Manager job openings in Michigan as of July 2026, with employment types broken down into 95% Full Time, and 5% Part Time. Highlights an 100% In-person job distribution, with an average salary of $58,971 per year, or $28.4 per hour.

Credit Manager

Bank of Ann Arbor

Ann Arbor, MI • On-site

Full-time

Re-posted 25 days ago

Job description

Job Type
Full-time
Description
Position Overview
The Credit Manager plays a central role in maintaining the safety and soundness of the bank's credit portfolio. This position leads credit underwriting, approval, and portfolio oversight across commercial, commercial real estate, and private banking relationships.
The role blends strong technical expertise with decisive, results-oriented leadership-ensuring credit decisions align with the bank's appetite, regulatory expectations, and growth objectives, while fostering accountability, collaboration, and disciplined execution across lending and risk functions. At times, there could be periods of work induced stress and extended hours.
Key Responsibilities
Credit Risk Management & Underwriting
  • Oversee credit underwriting and approval processes across all assigned portfolios.
  • Approve loans within delegated authority; escalate as appropriate to Senior Management or Loan Committees, including the Board of Directors.
  • Ensure high-quality credit analysis, including financial, cash flow, collateral, and guarantor evaluation.
  • Apply credit policy and regulatory guidance consistently across all decisions.

Portfolio Oversight & Risk Monitoring
  • Monitor and assess overall portfolio performance, including covenant compliance, policy exceptions, and emerging risk trends
  • Lead periodic and annual credit reviews to validate risk ratings, loan structure, guarantor support, and overall credit quality
  • Oversee the real estate appraisal and appraisal review process to ensure compliance and sound collateral valuation
  • Identify, analyze, and escalate emerging credit risks, supporting timely and well-informed risk mitigation strategies
  • Serve as a trusted advisor to the Chief Credit Officer by providing proactive insight into developing risks, complex credits, and trends that may adversely impact portfolio performance
  • Support the development and execution of portfolio strategies to maintain credit quality and align with the bank's risk appetite

Problem Loan & Risk Mitigation
  • Partner with Special Assets and lending teams on problem loan identification and resolution strategies
  • Support credit actions including modifications, downgrades, and exit strategies
  • Drive timely resolution of credit issues through disciplined follow-through and accountability

Leadership & Collaboration
  • Partner closely with relationship managers, loan operations, compliance, and finance to support prudent growth
  • Coach and develop credit analysts, ensuring strong analytical standards, sound judgment, and consistent execution
  • Provide clear direction on complex transactions and structuring considerations
  • Foster an environment of constructive dialogue by respectfully challenging assumptions and encouraging balanced, well-supported credit decisions

Reporting & Governance
  • Oversee the preparation of reports on portfolio trends, risk metrics, and exception reporting to senior management and committees
  • Support internal audits, loan review, and regulatory examinations with timely and accurate information
  • Recommend enhancements to credit policy, processes, and underwriting standards

Requirements
Education & Experience
  • Bachelor's degree in Finance, Accounting, Economics, or related field required; advanced degree preferred.
  • 7+ years of progressive commercial credit experience, including underwriting and portfolio management.
  • Strong experience analyzing complex financials, global cash flow, collateral structures, and guarantor support.
  • Solid understanding of commercial lending structures, risk rating systems, and loan policy governance.
  • Knowledge of applicable banking regulations and supervisory expectations.
  • Prior leadership or mentoring experience preferred.
  • Artificial Intelligence (Ai) experience preferred.

Skills & Competencies
  • Strong credit judgment and risk assessment, with the ability to balance risk and growth objectives
  • Advanced financial analysis and problem-solving skills with a practical, solutions-oriented mindset
  • Willingness to respectfully challenge others and engage in constructive conflict to arrive at the best credit decision
  • Confidence to form, articulate, and advocate for well-reasoned viewpoints
  • Results-oriented with a strong sense of ownership and accountability
  • Ability to make sound, timely decisions within authority limits and drive issues through to resolution
  • Clear, confident and persuasive written and verbal communication skills
  • Comfortable operating in a fast-paced environment with multiple competing priorities
  • Demonstrated ability to influence, guide, and align others toward a defined outcome
  • Strong interpersonal skills with the ability to build trust, and foster collaboration across functions
  • High level of professional maturity, objectivity, and sound judgment

Leadership Responsibilities
  • Provide day-to-day direction, coaching, and quality oversight to credit analysts and support staff including workflow prioritization, performance feedback, and team development.
  • Clearly communicate expectations, establish priorities, and hold team members accountable for results and quality standards
  • Lead with a proactive, action-oriented approach that drives execution and ensures work is completed effectively and on time
  • Serve as a role model for professionalism, sound judgment, and constructive engagement across the organization
  • Lead by example in supporting the bank's commitment to community engagement by actively participating in and promoting community service initiatives and fostering a culture that reflects the values and visibility expected of a community banking organization.

Physical Demands and Work Environment:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodation may be made to enable individuals with disabilities to perform the functions.
While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers, handle, or feel objects, tools or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl.
The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus.
The noise level in the work environment is usually moderate.

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