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Credit Manager Jobs in Rochester, MN (NOW HIRING)

Marine Credit Union

Collections Representative

Rochester, MN · On-site

$17.25 - $22.25/hr

Strict adherence to all regulatory and legal compliance with Federal and State credit and ... Effectively liaise with regional, district and branch managers on collection activities. Ensure ...

Sand Companies

Rental Property Manager

Kasson, MN · On-site

$22/hr

Ensure compliance with Low-Income Housing Tax Credits, HOME program, and Project Based Section 8 ... A minimum of 2 years' experience managing affordable housing * Exceptional leadership and ...

Affinity Plus Federal Credit Union

Teller

Rochester, MN · On-site

$17.05 - $20.41/hr

Troubleshoot credit or debit card issues, online banking questions, or other general account ... Time Management skills and the ability to prioritize workload based on department and member needs

Affinity Plus Federal Credit Union

Teller

Rochester, MN · On-site

$17.05 - $20.41/hr

Troubleshoot credit or debit card issues, online banking questions, or other general account ... Time Management skills and the ability to prioritize workload based on department and member needs

Affinity Plus Federal Credit Union

Teller

Rochester, MN

$17.05 - $20.41/hr

Troubleshoot credit or debit card issues, online banking questions, or other general account ... Time Management skills and the ability to prioritize workload based on department and member needs

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Credit Manager information

See Rochester, MN salary details

$25.9K

$68.8K

$131.1K

How much do credit manager jobs pay per year?

As of Aug 19, 2026, the average yearly pay for credit manager in Rochester, MN is $68,774.00, according to ZipRecruiter salary data. Most workers in this role earn between $36,600.00 and $94,000.00 per year, depending on experience, location, and employer.

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 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.

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 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 ensuring timely collections. It often requires strong analytical skills, knowledge of financial regulations, and proficiency with credit management software. The role can offer advancement opportunities and a steady income in various industries such as banking, finance, and retail.

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.
More about Credit Manager jobs

What are the most commonly searched types of Credit jobs in Rochester, MN?

The most popular types of Credit jobs in Rochester, MN are:

What cities near Rochester, MN are hiring for Credit Manager jobs?

Cities near Rochester, MN with the most Credit Manager job openings:

Credit Manager jobs near you
Infographic showing various Credit Manager job openings in Rochester, MN as of August 2026, with employment types broken down into 81% Full Time, 18% Part Time, and 1% Contract. Highlights an 80% Physical, 2% Hybrid, and 18% Remote job distribution, with an average salary of $68,774 per year, or $33.1 per hour.

Bilingual Mortgage Loan Officer

Marine Credit Union

Rochester, MN • On-site, Remote

Full-time

Re-posted 16 days ago

Job description

Bilingual (Spanish Speaking) Work From Home Opportunity
Position Summary:
Provide information on credit union portfolio mortgage products and services to members according to all credit union policies and procedures, and Federal and State rules and regulations. Collate and analyze individual financial information in support of loan decisioning process. Evaluate and recommend loan approvals, denials, and counteroffers based upon individual circumstances and data. Process required forms and related documentation for mortgage loan products. Promote credit union products and services. Partners to approve or deny loan applications based on analysis and company mortgage policies. Works with mortgage support staff to ensure timely response to member inquires and ensure a standard of service excellence.
Duties and Responsibilities:
  • Interview mortgage loan applicants. Assist member in completing loan applications over the phone and/or electronically.
  • Collate, analyze, and evaluate information & documentation in support of loan applications.
  • Evaluate borrower Character, Collateral, Capacity to Repay, and Credit position as a part of loan decisioning process based upon individual circumstances.
  • Calculate debt-to-income ratios, collateral needs, and payment plans on loan applicants.
  • Correspond with members, applicants, and creditors to resolve questions regarding application information.
  • Visit community and business contacts to promote and sell MCU's services and develop lending business successfully.
  • Provide information on portfolio mortgage loan products that best meet the member's individual needs and circumstances.
  • Recommend the structure of loan pricing, terms, and amounts for individual borrowers.
  • Recommend loan approval/denials, counteroffers, and deviations from typical loan structure and pricing.
  • Prepare loan documentation for underwriting and processing, ensuring it is complete and accurate. Manage loan closing process with customers.
  • Consult with members and the public about asset purchase, credit management, budgeting, debt restructuring, and financial planning issues.
  • Notify applicant of loan decision. Inform prospective borrowers of loan commitments.
  • Review regulations as they apply to installment loan security agreements.
  • Assist members with making payment arrangements on loans.
  • Interact with members and the public to solicit loan applications. Network with community contacts to promote mortgage loan business growth.
  • Partners with other staff by passing opportunities to develop additional lending and deposit business to them as opportunities arise and following up on mortgage leads passed from other employees.
  • Work successfully with other departments to ensure proper process, record retention, and information gathering best practices and procedures are followed.
Duties and Responsibilities (continued):
  • Promote other Marine Enterprise products and services.
  • Provide exceptional member service to our members.
  • Abide by all applicable policies, procedures, and regulations.
  • Work proactively to build relationships necessary to meet set goals for the position.
  • Effectively assist members and the public through the loan application and approval process, educating them about loan issues as needed.
  • Effectively prepare loan documentation for processing, ensuring it is complete and accurate.
  • Assist in managing risk through diligence in the information gathering process.
  • Provide timely, service-oriented feedback to applicants regarding the status of their loans.
  • Perform assigned loan prospect and delinquency calls to assist in meeting goals for the position.
  • Have access to transportation on demand to be able to travel to client and vendor appointments out of office as needed.
Knowledge, Skills, and Abilities:
  • Knowledge of the mortgage loan application process and consumer credit.
  • Ability to collate and analyze individual borrower financial information.
  • Evaluation of information, and ability to make recommendations regarding loan pricing, structure, amounts, and terms as appropriate.
  • Ability to recommend loan approvals, denial, and counteroffers based upon analysis of individual facts and circumstances.
  • Ability to build rapport, explaining product features & benefits, and persuasively communicate.
  • Skills in developing business.
  • Sound PC computing skills, including MS-Office and loan application software.
  • Strong problem-solving skills. Ability to build credibility and trust.
  • Previous consumer lending experience at Marine Credit Union preferred.
Education and Experience:
  • High School Diploma. College Degree in Business Administration, Marketing, Sales, or Finance desired.
  • Prior experience gathering data, analyzing customer financial information, and making financial product recommendations.
  • Previous business development/networking experience.
  • Previous Mortgage/Consumer Lending, Banking, or Sales experience desired.
  • Experience building networks of community/industry contacts to support business goals a plus.
  • Experience working in a face-to-face customer service/sales environment.
  • A record of success in meeting set, external business goals.
This position may include frequent driving; a driving record review is required.
This job description is not a complete statement of all duties and responsibilities comprising this position.
Employment Type: Full-Time

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