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Credit Rating Analyst Jobs in Michigan (NOW HIRING)

Fifth Third Bank

Credit Analyst

Grand Rapids, MI · On-site

The Credit Analyst is primarily responsible for completing the daily duties of underwriting and ... Perform Borrowing Entity PD Ratings and Obligation LGD Ratings. * May assist with training and ...

First Merchants Bank

Credit Analyst I

Monroe, MI · On-site

This position will perform credit analysis, underwriting and monitoring of the commercial loan ... Assign call codes, NAICS codes, risk grade and risk rating score data accurately. * Review ...

First Merchants Bank

Credit Analyst I

Monroe, MI · On-site

This position will perform credit analysis, underwriting and monitoring of the commercial loan ... Assign call codes, NAICS codes, risk grade and risk rating score data accurately. * Review ...

FIRST MERCHANTS

Credit Analyst I

Monroe, MI · On-site

This position will perform credit analysis, underwriting and monitoring of the commercial loan ... Assign call codes, NAICS codes, risk grade and risk rating score data accurately. * Review ...

First Merchant's Bank

Credit Analyst I

Monroe, MI · On-site

This position will perform credit analysis, underwriting and monitoring of the commercial loan ... Assign call codes, NAICS codes, risk grade and risk rating score data accurately. * Review ...

Commercial Alliance

Senior Credit Analyst

Troy, MI

SENIOR CREDIT ANALYST Commercial Alliance provides a comprehensive suite of lending services ... risk ratings. ESSENTIAL DUTIES AND RESPONSIBILITIES: * Spread, review, and analyze financial ...

Fifth Third

Senior Credit Analyst

Detroit, MI · On-site

The Senior Credit Analyst supportsend-to-endunderwriting and portfolio monitoring activities ... of risk rating models * Review and challenge completed financial spreads andworksto resolve ...

Fifth Third Bank

Senior Credit Analyst

Detroit, MI · On-site

The Senior Credit Analyst supports end-to-end underwriting and portfolio monitoring activities ... rating models * Review and challenge completed financial spreads and works to resolve required ...

Chemical Bank

Senior Credit Analyst

Byron Center, MI · On-site

... advance rates and pricing. * Proactively communicate timely updates and deliver final loan ... Mentor new credit analysts as the opportunities arise. * Perform additional duties and special ...

Bank of Ann Arbor

Credit Manager

Ann Arbor, MI · On-site

Ensure high-quality credit analysis, including financial, cash flow, collateral, and guarantor ... Lead periodic and annual credit reviews to validate risk ratings, loan structure, guarantor support ...

Bank of Ann Arbor

Credit Manager

Ann Arbor, MI · On-site

Ensure high-quality credit analysis, including financial, cash flow, collateral, and guarantor ... Lead periodic and annual credit reviews to validate risk ratings, loan structure, guarantor support ...

Bank of Ann Arbor

Credit Manager

Ann Arbor, MI

Ensure high-quality credit analysis, including financial, cash flow, collateral, and guarantor ... Lead periodic and annual credit reviews to validate risk ratings, loan structure, guarantor support ...

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All JobsCredit Rating Analyst JobsCredit Rating Analyst Jobs in Michigan

Credit Rating Analyst information

See Michigan salary details

$13

$26

$42

How much do credit rating analyst jobs pay per hour?

As of Sep 1, 2026, the average hourly pay for credit rating 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 are the key skills and qualifications needed to thrive as a credit rating analyst?

To thrive as a Credit Rating Analyst, you need strong analytical skills, financial modeling expertise, and a solid understanding of accounting principles, often supported by a degree in finance, economics, or a related field. Familiarity with financial analysis software, databases like Bloomberg, and possibly certifications such as CFA are typically required. Attention to detail, strong communication skills, and sound judgment are essential soft skills for presenting findings and making informed recommendations. These competencies are crucial for accurately assessing credit risk, supporting investment decisions, and maintaining the credibility of rating agencies.

What are some common challenges faced by credit rating analysts when evaluating new or complex financial instruments?

Credit Rating Analysts often encounter challenges when assessing new or complex financial instruments, such as limited historical data, evolving regulatory frameworks, and rapidly changing market conditions. These factors can make it difficult to accurately assess credit risk and forecast future performance. Analysts must stay current with industry trends, collaborate closely with colleagues in risk, legal, and research teams, and apply robust stress-testing models to ensure comprehensive evaluations. Overcoming these challenges requires strong analytical skills, attention to detail, and a commitment to ongoing learning.

What are popular job titles related to Credit Rating Analyst jobs in Michigan?

For Credit Rating Analyst jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Credit Rating Analyst jobs in Michigan look for?

The top searched job categories for Credit Rating Analyst jobs in Michigan are:

Credit Rating Analyst jobs near you
Infographic showing various Credit Rating 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.

Credit Analyst

Fifth Third Bank

Grand Rapids, MI • On-site

Full-time

Posted 5 days ago

Fifth Third Bank rating

7.5

Company rating: 7.5 out of 10

Based on 113 frontline employees who took The Breakroom Quiz

106th of 174 rated banks

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 Credit Analyst is primarily responsible for completing the daily duties of underwriting and monitoring credit while performing analytical activities and identifying risks or issues as needed. In addition, a Credit Analyst drafts credit approval documents and review memos for loans and other ancillary products. documents and prepare for credit reviews. The Credit Analyst is knowledgeable on financial and risk analysis and demonstrates proficiency in financial modeling.
The Credit Analyst is expected to build proficiency in underwriting, developing the ability to complete the underwriting process from beginning to end with limited oversight on increasingly complex credits. Additionally, the Credit Analyst will attend and support Portfolio Reviews as needed.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Responsible for proactively monitoring Credit Excellence and initiating collection of financial statements for upcoming renewals and periodic reviews.
  • Prepare succinct credit approval memos with minimal errors, including company and industry descriptions, key credit risks, historical analysis, base and downside case projection assumptions/rationale and terms and conditions.
  • Complete ongoing portfolio monitoring, including covenant tracking, financial statement reviews, and run risk rating models.
  • Identify and determine monitoring analysis activities required
  • Verify covenants and define updates needed on ticklers
  • Monitor covenant completion and track past due or out of compliance covenants and recommend appropriate course of action
  • Responsible for understanding and evaluating completed spreads to determine necessary edits working in collaboration with the CCU teamworks to identify and resolve required edits or corrections
  • Generate and provide various pipeline and portfolio reporting as needed to credit leadership, portfolio managers, underwriters, relationship managers and others as needed.
  • Prepare Criticized Period Reviews reports with oversight
  • Responsible for running projection models with assumptions provided
  • Responsible for completing underwriting process with limited oversight
  • Prepares portfolio analysis and Portfolio Review materials
  • Ensure accuracy, integrity, and timeliness of credit data across internal systems and reports
  • Take appropriate action to resolve data, documentation, or analysis deficiencies and escalate questions to the appropriate level
  • Identify emerging risks or negative trends and escalate appropriately.
  • Maintain a working knowledge of Bancorp credit policies, guidelines and procedures.
  • Perform Borrowing Entity PD Ratings and Obligation LGD Ratings.
  • May assist with training and onboarding of new employees
  • May support special projects or ad hoc analysis as assigned by management

SUPERVISORY RESPONSIBILITY:
None
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
  • Bachelor's degree in Business (e.g. Business Administration, Finance, or Accounting)
  • 2+ years of Commercial Banking experience.
  • Sound Financial and risk analysis understanding, including the ability to develop financial models
  • Extensive Knowledge of banking products and services
  • Knowledge of corporate business structure and legal documents
  • General knowledge of U.S. government and regulation
  • Proficiency in internal banking applications
  • Strong verbal and written communication skills
  • Demonstrated strong problem-solving and analytical skills, with the ability to manage and prioritize multiple tasks while maintaining close attention to detail.
  • Proficient in all Microsoft Office software
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 -- Grand Rapids, Michigan 49503
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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