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Credit Risk Manager Jobs in Michigan (NOW HIRING)

Deloitte

Financial Risk Manager

Detroit, MI

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of financial services business models, products, and services * Experience in banking, digital assets, or ...

mfcu

Risk Manager I

Midland, MI · On-site +1

Members First Credit Union is seeking a Risk Manager I that has potential for hybrid or remote work in Midland, Michigan. This role supports our teams, leaders, and Board while strengthening our ...

Commercial Alliance

Senior Credit Analyst

Troy, MI

Familiarity with regulatory requirements and industry best practices in credit risk management preferred. * Familiarity with commercial loan documentation. * Conversant with advanced level accounting ...

CFS

AR and Credit Manager

Saint Joseph, MI · Hybrid

$55K - $65K/yr

Oversee credit approvals, risk assessments, and establish credit limits. * Develop and implement ... Ability to manage multiple priorities and meet deadlines in a fast-paced environment. Why Join Us:

CFS

AR and Credit Manager

Saint Clair, MI · Hybrid

$55K - $65K/yr

Oversee credit approvals, risk assessments, and establish credit limits. * Develop and implement ... Ability to manage multiple priorities and meet deadlines in a fast-paced environment. Why Join Us:

New

CFS

$55K - $65K/yr

Oversee credit approvals, risk assessments, and establish credit limits. * Develop and implement ... Ability to manage multiple priorities and meet deadlines in a fast-paced environment. Why Join Us:

Carhartt

Sr. Manager, Credit

Dearborn, MI · Hybrid

Manager Job Summary The Sr. Manager, Credit plays a critical role in the Company's financial ... Create and maintain credit risk models that reflect strategic growth plans, tailored for unique ...

Carhartt

Sr. Manager, Credit

Dearborn, MI · On-site

Manager Job Summary The Sr. Manager, Credit plays a critical role in the Company's financial ... Create and maintain credit risk models that reflect strategic growth plans, tailored for unique ...

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$75.4K

$138K

$208.7K

How much do credit risk manager jobs pay per year?

As of May 29, 2026, the average yearly pay for credit risk manager in Michigan is $137,984.00, according to ZipRecruiter salary data. Most workers in this role earn between $116,400.00 and $154,700.00 per year, depending on experience, location, and employer.

What Does a Credit Risk Manager Do?

A credit risk manager analyzes credit risk for banks and similar financial institutions. In this role, it’s your job to develop better credit risk policies and procedures to alleviate losses and maintain capital. Additional duties involve examining data, building financial models, creating performance reports, ensuring regulatory compliance, and formulating credit policy. This career requires at least a bachelor’s degree in business administration or a related field. Other important qualifications include excellent analytical, communication, and research skills. Most employers typically prefer candidates who have previous risk management experience.

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

To thrive as a Credit Risk Manager, you need strong analytical abilities, deep knowledge of financial principles, and typically a degree in finance, accounting, or a related field. Familiarity with risk modeling software, credit scoring systems, and regulatory frameworks such as Basel III is essential. Strong communication, decision-making, and stakeholder management skills set outstanding professionals apart in this field. These skills are crucial for accurately assessing creditworthiness, minimizing financial losses, and ensuring regulatory compliance within financial institutions.

How does a Credit Risk Manager typically collaborate with other departments to assess and mitigate risk?

A Credit Risk Manager frequently works with teams across the organization, such as underwriting, finance, and compliance, to assess borrower creditworthiness and ensure adherence to risk policies. Collaboration often involves developing risk models, reviewing loan portfolios, and communicating risk exposures to senior management. Working closely with these departments enables comprehensive risk assessments and the implementation of effective mitigation strategies. This cross-functional approach fosters a proactive risk culture and ensures that credit decisions align with both regulatory requirements and business objectives.

What are Credit Risk Managers?

Credit Risk Managers are professionals responsible for assessing and managing the risk of financial losses that may arise from borrowers failing to repay loans or meet contractual obligations. They analyze financial data, credit reports, and market trends to determine the creditworthiness of individuals or businesses. Credit Risk Managers also develop policies and strategies to minimize potential losses and ensure compliance with regulatory standards. Their role is critical in maintaining the financial health and stability of banks, lending institutions, and other organizations involved in credit.

Does credit risk pay well?

Credit risk managers typically earn competitive salaries that vary based on experience, location, and industry. They often receive additional benefits and may need certifications such as CFA or FRM, with higher salaries generally associated with senior roles and specialized skills.

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

AspectCredit Risk ManagerCredit Analyst
CredentialsBachelor's degree, often certifications like CFA or credit risk certificationsBachelor's degree, finance or related field, sometimes certifications like CFA
Work EnvironmentOversees risk policies, manages teams, strategic planningAnalyzes credit data, assesses borrower risk, prepares reports
Industry UsageUsed in banking, financial services, lending institutionsCommon in banks, credit agencies, financial firms

The Credit Risk Manager focuses on overseeing and managing the overall credit risk policies and teams, while the Credit Analyst conducts detailed credit assessments of individual borrowers. Both roles require similar credentials and are integral to credit decision processes, but they differ in scope and responsibilities.

More about Credit Risk Manager jobs
What are the most commonly searched types of Credit Risk jobs in Michigan? The most popular types of Credit Risk jobs in Michigan are:
What are popular job titles related to Credit Risk Manager jobs in Michigan? For Credit Risk Manager jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Credit Risk Manager jobs in Michigan look for? The top searched job categories for Credit Risk Manager jobs in Michigan are:
What cities in Michigan are hiring for Credit Risk Manager jobs? Cities in Michigan with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you
Credit Risk Analyst

Credit Risk Analyst

Amerisure Mutual Insurance Company

Farmington Hills, MI • On-site

Full-time

Medical, Retirement, PTO

Posted 8 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.

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