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Credit Risk Associate Salary Jobs in Michigan (NOW HIRING)

LHH US

Remote B2B Collections Specialist

Grand Rapids, MI · Remote

$25 - $31.25/hr

Recommend credit limits and account terms based on credit risk analysis. * Research and resolve ... Associate's or Bachelor's degree in Accounting, Finance, Business Administration, or related field ...

Posted today

LHH US

Remote B2B Collections Specialist

Grand Rapids, MI · Remote

$25 - $31.25/hr

Recommend credit limits and account terms based on credit risk analysis. * Research and resolve ... Associate's or Bachelor's degree in Accounting, Finance, Business Administration, or related field ...

Posted today

Fifth Third Bank

Commercial Credit Analyst

Detroit, MI · On-site

The Credit Analyst is knowledgeable on financial and risk analysis and demonstrates proficiency in ... The base salary for this position is reflective of the range of salary levels for all roles within ...

Fifth Third

Commercial Credit Analyst

Detroit, MI · On-site

The Credit Analyst is knowledgeable on financial and risk analysis and demonstrates proficiency in ... The base salary for this position is reflective of the range of salary levels for all roles within ...

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All JobsCredit Risk Associate Salary JobsCredit Risk Associate Salary Jobs in Michigan

Credit Risk Associate Salary information

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

AspectCredit Risk AssociateCredit Analyst
Required CredentialsBachelor's degree, certifications like CFA or credit risk coursesBachelor's degree, certifications like CFA or financial analysis courses
Work EnvironmentFinancial institutions, risk management teamsBanks, lending institutions, financial services
Employer & Industry UsageUsed in risk management roles within financeCommon in credit analysis and lending departments

Both roles often require similar educational backgrounds and certifications, and they operate within financial institutions. While Credit Risk Associates focus on assessing and managing risk exposure, Credit Analysts primarily evaluate creditworthiness of clients. Salary differences depend on experience and location but generally remain comparable within the finance industry.

What does a credit risk associate do?

A credit risk associate evaluates the creditworthiness of individuals or businesses to determine the likelihood of default on loans or credit agreements. They analyze financial statements, credit reports, and market data, often using risk assessment tools and models, to support lending decisions and manage credit portfolios.

What are the typical career advancement opportunities for a credit risk associate within the financial industry?

As a Credit Risk Associate, you can expect clear pathways for career progression, often advancing to Senior Associate, Credit Risk Manager, or specialized roles within risk management. Many organizations offer mentorship, training, and rotational programs to help associates develop analytical and decision-making skills needed for more senior positions. Advancement is typically based on demonstrated expertise in assessing creditworthiness, collaborating effectively with cross-functional teams, and managing increasingly complex portfolios. Proactive engagement in professional development and taking on challenging projects can accelerate your growth within this field.

What is the average salary for a credit risk associate?

The average salary for a Credit Risk Associate in the United States typically ranges from $70,000 to $100,000 per year, depending on factors such as experience, location, and the size of the employer. Entry-level positions may start around $60,000, while those with several years of experience or in major financial centers like New York City can earn over $110,000. Bonuses and additional compensation may also be offered, especially at larger banks or financial firms.

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

To thrive as a Credit Risk Associate, you need strong analytical skills, financial acumen, and a degree in finance, economics, or a related field. Familiarity with financial modeling tools, risk assessment software, and proficiency in Excel or SQL are typically required. Attention to detail, effective communication, and problem-solving abilities help professionals stand out in this position. These skills are crucial for evaluating creditworthiness, mitigating risk, and supporting sound lending decisions in financial institutions.
What are popular job titles related to Credit Risk Associate Salary jobs in Michigan? For Credit Risk Associate Salary jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Credit Risk Associate Salary jobs in Michigan look for? The top searched job categories for Credit Risk Associate Salary jobs in Michigan are:
What cities in Michigan are hiring for Credit Risk Associate Salary jobs? Cities in Michigan with the most Credit Risk Associate Salary job openings:
Credit Risk Associate Salary jobs near you
Infographic showing various Credit Risk Associate Salary job openings in Michigan as of August 2026, with employment types broken down into 87% Full Time, 10% Part Time, and 3% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution.

Remote B2B Collections Specialist

LHH US

Grand Rapids, MI • Remote

$25 - $31.25/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 hours ago

Posted today

Job description

We are seeking a detail-oriented and proactive B2B Collections Specialist / Credit Analyst to join a team in a fully remote capacity. This role is responsible for managing business-to-business collections, evaluating customer creditworthiness, reducing outstanding receivables, and supporting overall cash flow objectives. The ideal candidate will possess strong analytical skills, exceptional communication abilities, and experience working with commercial accounts in a fast-paced environment.
Key Responsibilities
  • Manage a portfolio of commercial accounts and oversee all collection activities.
  • Contact customers regarding outstanding invoices and resolve payment discrepancies in a professional manner.
  • Monitor aging reports and proactively follow up on past-due accounts.
  • Analyze account payment trends and identify potential collection risks.
  • Review and assess customer credit applications, financial statements, and payment histories.
  • Recommend credit limits and account terms based on credit risk analysis.
  • Research and resolve billing, pricing, and payment issues in collaboration with internal departments.
  • Maintain accurate customer account records and collection documentation.
  • Prepare accounts receivable and credit reports for leadership.
  • Partner with sales and customer service teams to balance customer relationships with business objectives.
  • Support month-end closing activities related to accounts receivable and collections.
  • Ensure compliance with company policies and credit procedures.
Qualifications
Education
  • Associate's or Bachelor's degree in Accounting, Finance, Business Administration, or related field preferred.
Experience
  • 3+ years of B2B collections, accounts receivable, credit analysis, or commercial credit experience.
  • Experience evaluating customer creditworthiness and managing credit risk.
  • Proven success collecting on commercial accounts while maintaining positive customer relationships.
Technical Skills
  • Experience with ERP systems such as SAP, Oracle, Microsoft Dynamics, NetSuite, JD Edwards, or similar.
  • Strong understanding of accounts receivable processes and aging management.
Pay Details: $25.00 to $31.25 per hour
Search managed by: Amaka Mozie
Benefit offerings available for our associates include medical, dental, vision, life insurance, short-term disability, additional voluntary benefits, EAP program, commuter benefits and a 401K plan. Our benefit offerings provide employees the flexibility to choose the type of coverage that meets their individual needs. In addition, our associates may be eligible for paid leave including Paid Sick Leave or any other paid leave required by Federal, State, or local law, as well as Holiday pay where applicable.
Equal Opportunity Employer/Veterans/Disabled
Military connected talent encouraged to apply
To read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to https://www.lhh.com/us/en/candidate-privacy
The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:
  • The California Fair Chance Act
  • Los Angeles City Fair Chance Ordinance
  • Los Angeles County Fair Chance Ordinance for Employers
  • San Francisco Fair Chance Ordinance
Massachusetts Candidates Only: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.