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Credit Risk Manager Jobs in Media, PA (NOW HIRING)

LMC

Credit Risk Manager

Wayne, PA · On-site

The Manager of Credit and Accounts Receivable is responsible for managing member credit risk and overseeing accounts receivable. The Manager is responsible for analyzing prospective member financial ...

Jobtailor

Director, Credit Risk Oversight

Wilmington, DE · On-site

$140 - $180/hr

Recommend analysis, escalation, or management action when warranted * Develop and maintain credit risk reporting, portfolio insights, and dashboards for senior management and governance committees

Posted today

Vanguard Group, Inc.

Credit Risk Lead

Malvern, PA · On-site

Situated within the Global Risk & Security Division, the Counterparty Risk Management Team conducts credit reviews, risk assessments, and ongoing monitoring for Vanguard's global counterparties. The ...

Vangard, Inc.

Credit Risk Lead

Malvern, PA · On-site

Situated within the Global Risk & Security Division, the Counterparty Risk Management Team conducts credit reviews, risk assessments, and ongoing monitoring for Vanguard's global counterparties. The ...

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All JobsCredit Risk JobsCredit Risk Manager JobsCredit Risk Manager Jobs in Media, PA

Credit Risk Manager information

See Media, PA salary details

$86.1K

$157.5K

$238.3K

How much do credit risk manager jobs pay per year?

As of Sep 6, 2026, the average yearly pay for credit risk manager in Media, PA is $157,532.00, according to ZipRecruiter salary data. Most workers in this role earn between $132,800.00 and $176,600.00 per year, depending on experience, location, and employer.

What is a credit risk manager?

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.

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 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.

How much do credit risk managers make in the US?

Credit risk managers in the US typically earn a median annual salary of around $85,000 to $125,000, with experienced professionals and those in senior roles earning higher. Salaries can vary based on industry, location, and level of experience, and certifications like CFA or FRM can enhance earning potential.
More about Credit Risk Manager jobs

What cities near Media, PA are hiring for Credit Risk Manager jobs?

Cities near Media, PA with the most Credit Risk Manager job openings:

Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Media, PA as of August 2026, with employment types broken down into 83% Full Time, 16% Part Time, and 1% Contract. Highlights an 79% Physical, 2% Hybrid, and 19% Remote job distribution, with an average salary of $157,532 per year, or $75.7 per hour.

Credit Risk Manager

LMC

Wayne, PA • On-site

Other

Posted 10 days ago

Key responsibilities

  • Analyze member financial statements to evaluate credit risk and determine credit and collateral requirements.

  • Oversee the Accounts Receivable department, including managing collections, reconciling accounts, and implementing process improvements.

  • Manage and lead the credit risk management process, including monitoring member payments, addressing irregularities, and coordinating with the Finance Committee.

Job description

Overview:


The Manager of Credit and Accounts Receivable is responsible for managing member credit risk and overseeing accounts receivable. The Manager is responsible for analyzing prospective member financial statements to determine credit risk and interacting with LMC members regarding credit line assignment and needed collateral as required by the Finance Committee. Additionally, the Manager oversees the Accounts Receivable team and works with them to lead process improvements as well as the attainment of ongoing key performance indicators. The Manager is responsible for monitoring and addressing those members who may fall behind in the payments.


Primary Duties and Responsibilities:


  • Initiates conversations with prospective dealers and educates them on LMC Credit Policy.
  • Ensures that the submission and review of dealer financial statements are completed on a timely basis.
  • Reads, analyzes and interprets member financial statements for evaluation of credit risk based on LMC Credit formula
  • Directs the presentations and actions of the Finance Committee.
  • Recommends credit and collateral requirements to the Finance Committee to minimize credit loss.
  • Negotiates and establishes various forms of collateral to be assigned to LMC while working with professional services. Manages collection of collateral, as needed.
  • Performs an annual collateral audit to make sure that all collateral is up to date and renews documents if needed.
  • Contacts stockholders regarding specific issues and oversees all confidential stockholder financial discussions.
  • Maintains stockholder records and confidentiality.
  • Oversees the administration of the Accounts Receivable Department including the collection and application of payments by the dealers and monthly reconciliation to the General Ledger.
  • Manages the monthly reconciliation of other Accounts Receivable related accounts (such as unapplied cash, unclaimed credits, clearing, accrual, bad debt, withholding and sales tax).
  • Monitors customer account details for non-payments, delayed payments and other irregularities.
  • Organizes and implements a recovery system and initiates collection efforts with Dealers who have non-payments, delayed payments and other irregularities.
  • Determines the staffing needs for areas of responsibility and manages the selection and hiring process, and is the final approval.
  • Conducts performance evaluations, developing staff to achieve corporate, divisional and departmental goals; makes salary increase recommendations.
  • Responds to inquiries and assists employees as necessary while maintaining a positive company image by providing excellent customer service.
  • Complete year-end dealer-related functions including: Allocation of Patronage Dividend, Recalculation of Preferred Stock, Update of Summary of Returns, 1099 & IRS reporting and working with Outside Auditors as needed.
  • Identifies and manages changes to process and systems to improve or maintain the efficiency and effectiveness of the department.
  • Performs other duties as required and/or assigned.


Qualifications:


  • Bachelor’s degree in Accounting, Finance, or Business Administration or equivalent experience required. MBA preferred.
  • Considerable experience with reading and analyzing financial statements with a strong understanding of GAAP accounting.
  • Understands banking securitization and legal documentation of collateral.
  • Five (5) to seven (7) years related financial experience, preferably in the lumber industry.
  • Two (2) to three (3) years prior related management experience.
  • Excellent leadership capabilities embodying mentoring, role modeling, coaching, and skill development.
  • Excellent customer service focus and skill set.
  • Excellent verbal and written communication skills, including the ability to communicate with internal and external contacts, both in writing and verbally.
  • Strong analytical skills along with ability to solve complex problems and interpret a variety of instructions
  • Considerable knowledge of computer programs including Excel and Word. Ability to learn workflow based systems.
  • Comprehensive knowledge of the co-op business and lumber/lumber yard industries is preferred.
  • The ability to travel as necessary

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