ZipRecruiter

Log In

1

Credit Risk Analyst Jobs in Michigan (NOW HIRING)

Staff Financial Group

Risk Analyst

Detroit, MI · Hybrid

$95K - $110K/yr

A growing auto finance company building out its credit risk team. What: Analyze and forecast repossessions, origination risks, servicing exposure, and overall credit performance. When: Newly created ...

Ameriprise Financial

Credit Risk Specialist

Troy, MI · On-site

$71K - $98K/yr

Use advanced tools and analytics to perform product and credit analysis and present results and ... Support the bank's Credit Risk Management functions by continuously monitoring credit quality and ...

dfb

Credit Analyst

Dearborn, MI · On-site

Do you have strong analytical skills and the ability to assess credit risk and make sound lending recommendations? As a Credit Analyst, you will evaluate loan requests and financial information to ...

dfb

Credit Analyst

Dearborn, MI · On-site

Do you have strong analytical skills and the ability to assess credit risk and make sound lending recommendations? As a Credit Analyst, you will evaluate loan requests and financial information to ...

Dearborn Federal Savings Bank

Be Seen First

Commercial Credit Analyst

Dearborn, MI · On-site

$53K - $67K/yr

This role involves analyzing financial statements, assessing credit risk, and providing recommendations to support lending decisions. The analyst will work closely with the Chief Lending Officer to ...

Dearborn Federal Savings Bank

Be Seen First

Commercial Credit Analyst

Dearborn, MI · On-site

$53K - $67K/yr

This role involves analyzing financial statements, assessing credit risk, and providing recommendations to support lending decisions. The analyst will work closely with the Chief Lending Officer to ...

Commercial Alliance

Senior Credit Analyst

Troy, MI

You will analyze financial data, evaluate risk factors, prepare credit memo write-ups, and provide recommendations regarding credit decisions. You will also review existing loans for financial ...

DFCU Financial

Credit Analyst

Dearborn, MI · On-site

Do you have strong analytical skills and the ability to assess credit risk and make sound lending recommendations? As a Credit Analyst, you will evaluate loan requests and financial information to ...

Huntington

Segment Risk Specialist Sr

Detroit, MI · On-site +1

$57K - $113K/yr

Description The Senior Risk Analyst is responsible for identifying, assessing, and mitigating credit, fraud, and operational risks across the merchant services portfolio. This role provides expert ...

Huntington

Segment Risk Specialist Sr

Detroit, MI · On-site +1

$57K - $113K/yr

Description The Senior Risk Analyst is responsible for identifying, assessing, and mitigating credit, fraud, and operational risks across the merchant services portfolio. This role provides expert ...

Fifth Third

Credit Utility Analyst

Detroit, MI · On-site

Involved in other related risk and commercial business activities, as required. Focus of role will ... Credit Utility Analyst At Fifth Third, we understand the importance of recognizing our employees ...

next page

Showing results 1-20

All JobsCredit Risk Analyst JobsCredit Risk Analyst Jobs in Michigan

Credit Risk Analyst information

See Michigan salary details

$32.2K

$99.3K

$172.1K

How much do credit risk analyst jobs pay per year?

As of Jun 9, 2026, the average yearly pay for credit risk analyst in Michigan is $99,258.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,900.00 and $122,500.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Credit Risk Analysts when assessing new clients or loan applications?

Credit Risk Analysts often encounter challenges such as limited financial data, rapidly changing market conditions, and the need to balance risk with business growth objectives. They must carefully analyze incomplete or inconsistent client information while ensuring compliance with regulatory requirements. Collaborating with relationship managers and other departments is essential to gather additional insights and make informed recommendations, making strong communication and analytical skills crucial in overcoming these challenges.

What does a Credit Risk Analyst do?

A Credit Risk Analyst assesses the creditworthiness of individuals or organizations by analyzing financial data, credit reports, and economic conditions. Their main goal is to determine the likelihood that a borrower will default on their financial obligations. They use statistical models, risk assessment tools, and industry knowledge to evaluate risk and help lenders make informed lending decisions. Credit Risk Analysts often prepare reports, recommend risk mitigation strategies, and monitor existing credit portfolios for potential risks.

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

To thrive as a Credit Risk Analyst, you need strong analytical skills, a solid understanding of financial principles, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment tools, statistical software (such as SAS or R), and financial modeling systems is often required, along with relevant certifications like FRM or CFA being advantageous. Attention to detail, effective communication, and sound judgment are essential soft skills for presenting findings and collaborating with stakeholders. These competencies are crucial for accurately assessing creditworthiness, minimizing financial risk, and supporting informed lending decisions.

What Does a Credit Risk Analyst Do?

A credit risk analyst evaluates the creditworthiness of individuals or businesses seeking loans or credit cards. As a credit risk analyst, you must be systematic and thorough in examining each applicant’s financial information to provide a recommendation of whether or not your employer should grant credit to the applicant. Essentially, you are evaluating the risk to reward ratio of each loan applicant. Your job duties include the analysis of credit scores and credit reports, payment history, bank statements, and other financial statements. Depending on the scope of your job, you may collect this information directly from clients and inform them if the institution can approve or deny their credit or loan application.

What is the difference between Credit Risk Analyst vs Credit Analyst?

AspectCredit Risk AnalystCredit Analyst
Primary FocusAssessing the risk of default on loans and credit productsEvaluating creditworthiness of individual or business applicants
Required CredentialsTypically a degree in finance, economics, or related field; certifications like CFA or credit-specific coursesSimilar credentials; often the same certifications or degrees
Work EnvironmentFinancial institutions, risk management departmentsBanks, lending institutions, credit departments
Industry UsageCommonly used in risk assessment and managementPrimarily in lending and credit evaluation

While both roles involve evaluating credit, a Credit Risk Analyst focuses on assessing the overall risk associated with credit portfolios, whereas a Credit Analyst evaluates individual credit applications. The roles often overlap in credentials and work environment, but their specific focus differs within the credit industry.

More about Credit Risk Analyst jobs
What are the most commonly searched types of Credit Risk Analyst jobs in Michigan? The most popular types of Credit Risk Analyst jobs in Michigan are:
What are popular job titles related to Credit Risk Analyst jobs in Michigan? For Credit Risk Analyst jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Credit Risk Analyst jobs in Michigan look for? The top searched job categories for Credit Risk Analyst jobs in Michigan are:
What cities in Michigan are hiring for Credit Risk Analyst jobs? Cities in Michigan with the most Credit Risk Analyst job openings:
What are popular job titles related to Credit Risk Analyst jobs in MI? For Credit Risk Analyst jobs in MI, the most frequently searched job titles are:
Credit Risk Analyst jobs near you
Infographic showing various Credit Risk Analyst job openings in Michigan as of May 2026, with employment types broken down into 77% Full Time, 21% Part Time, and 2% Contract. Highlights an 81% Physical, 7% Hybrid, and 12% Remote job distribution, with an average salary of $99,258 per year, or $47.7 per hour.
Credit Risk Analyst

Credit Risk Analyst

Amerisure Mutual Insurance Company

Farmington Hills, MI • On-site

Full-time

Medical, Retirement, PTO

Posted 18 days ago

Job description

Amerisure creates exceptional value for its partners, policyholders, and employees. As a property and casualty insurance company, Amerisure's promise to our partner agencies and policyholders begins with a comprehensive line of insurance products designed to protect businesses, as well as the health and safety of every employee. With an A.M. Best "A" (Excellent) rating, Amerisure serves mid-sized commercial enterprises focused in construction, manufacturing and healthcare. Ranked as one of the top 100 Property & Casualty companies in the United States, we proudly manage nearly $1 Billion of Direct Written Premium and maintain $1.21 billion in surplus.
We are recruiting for a Credit Risk Analyst to join our team in Farmington Hills, MI. This is a hybrid role, working 3 days in the office and 2 from home.
POSITION SUMMARY:
Collaborate with underwriting staff to analyze credit worthiness, and consult as requested with Agency management and operation teams on insurance risks for accounts. Advise credit terms for payment of premium or risk acceptance. Interact with agents and insurers on credit determinations and adequacy of charges where applicable.
RESPONSIBILITIES
  • Analyze credit data and financial statements of entities to evaluate credit position of future accounts and consult as requested with partner agency management.
  • Recommend and draft credit protection plans, payment arrangements, billing procedures and other appropriate items, and grant credit terms for payment of premium or risk acceptance as appropriate.
  • Work closely with producers and underwriters to discuss credit risk recommendations and verification of policy estimates, including participating in account and agency visits as required.
  • Minimize bad debt risk and maximize accounts receivable collections.
  • Ensure established standards for turnaround time are met, ensuring adherence to the service model and promoting a strong customer service focus.

REQUIREMENTS:
  • Bachelor's degree in finance, accounting or related field.
  • 2 years of experience in customer service, finance or accounting.
  • Proficient computer skills required including Microsoft Office Suite.
  • Demonstrated successful ability to build positive relationships and partnerships within department and across the organization.
  • Excellent interpersonal and communication skills with the ability to interact with all levels of the organization.
  • Strong analytical skills and attention to detail.

#LI-CR1
Just as we are committed to creating exceptional value for our Partners For Success® agencies and policyholders, Amerisure also remains committed to being an employer of choice. We reinforce this commitment by adhering to an Employee Value Proposition that, in part, is provided through a competitive total rewards package. This package includes competitive base pay, performance-based incentive pay, comprehensive health and welfare benefits, a 401(k) savings plan with profit sharing, and generous paid time off programs. We also offer flexible work arrangements to promote work-life balance. Recognized as one of the Best and Brightest® Companies to Work For in the Nation and one of Business Insurance magazine's Best Places to Work in Insurance, we provide a workplace that fosters excellence and professional growth. If you are looking for a collaborative and rewarding career, Amerisure is looking for you.
Amerisure Mutual Insurance Company is an Equal Employment Opportunity employer. Amerisure provides equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (to include sexual orientation and gender identity), national origin, age, disability, genetic information, veteran status, or any other protected characteristic under applicable federal, state, or local laws. Amerisure complies with all applicable laws governing nondiscrimination in employment in all locations where the company operates. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. Amerisure prohibits harassment or discrimination of any kind and is committed to maintaining a workplace free from unlawful harassment or discrimination. Amerisure prohibits retaliation against anyone who reports discrimination, participates in an investigation, or opposes unlawful practices. Any improper interference with an employee's ability to perform their job duties may result in disciplinary action, up to and including termination.

Apply