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Credit Risk Manager Jobs in South Portland, ME (NOW HIRING)

Bowdoin College

Procurement & Risk Manager

Brunswick, ME · On-site

$124K - $140K/yr

Posting Details Posting Details Title Procurement & Risk Manager Posting Number S01594JP Department ... Skilled in vendor due diligence, including assessing vendor financial stability/credit risk and ...

Td

Collections Strategy Manager

Portland, ME · On-site

$120K - $145K/yr

Risk Management We are seeking a highly analytical and strategic Credit Card Collections Strategy Manager to drive performance optimization across the collections lifecycle. This role will leverage ...

Farm Credit East

Credit Analyst Associate

Auburn, ME · Hybrid

$55K - $80K/yr

... assessing risk, and making recommendations. * Fuels organizational synergy through consistent ... This will be reviewed based on manager discretion. Compensation and Benefits: * Salary: $55,000 ...

Td

Credit Portfolio Manager II - Metro CRE

Portland, ME · On-site

$115K - $186K/yr

The job oversees the overall risk profile of a designated portfolio, identifying potential macro and micro risk issues (both positive and negative) early on. Depth & Scope: * Manages complex credit ...

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All JobsCredit Risk JobsCredit Risk Manager JobsCredit Risk Manager Jobs in South Portland, ME

Credit Risk Manager information

See South Portland, ME salary details

$89.7K

$164.2K

$248.4K

How much do credit risk manager jobs pay per year?

As of Aug 28, 2026, the average yearly pay for credit risk manager in South Portland, ME is $164,216.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,500.00 and $184,100.00 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 are the most commonly searched types of Credit Risk jobs in South Portland, ME?

The most popular types of Credit Risk jobs in South Portland, ME are:

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The top searched job categories for Credit Risk Manager jobs in South Portland, ME are:

What cities near South Portland, ME are hiring for Credit Risk Manager jobs?

Cities near South Portland, ME with the most Credit Risk Manager job openings:

Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in South Portland, ME as of August 2026, with employment types broken down into 80% Full Time, 19% Part Time, and 1% Contract. Highlights an 79% Physical, 3% Hybrid, and 18% Remote job distribution, with an average salary of $164,216 per year, or $79 per hour.

Procurement & Risk Manager

Bowdoin College

Brunswick, ME • On-site

$124K - $140K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Job description

Posting Details
Posting Details
Title
Procurement & Risk Manager
Posting Number
S01594JP
Department
Treasurers Office
Job Summary
The Procurement & Risk Manager is responsible for managing the College's property and casualty insurance programs to protect Bowdoin from operating and financial risks, and for providing strategic direction and implementing programs and processes related to College-wide procurement of goods and services. This role serves as a key advisor to the Senior Vice President for Finance and Administration, partnering across the institution to strengthen risk controls, improve purchasing practices, and support efficient, compliant operations. The position coordinates with internal stakeholders and external partners-including brokers, insurers, vendors, and counsel-to deliver measurable value, manage exposure, and enhance service levels.
ESSENTIAL FUNCTIONS:
  • Oversee the annual applications for insurance and renewal applications, conduct analysis to identify major causes and sources of risk losses and develop recommendations for strategic actions.
  • Provide assistance and support to Student Affairs regarding the procurement of student health insurance, sports/clubs/intermural insurance, and student health claims administration.
  • Establish bidding processes for potential vendors and negotiate prices and discounts, maintain relationships with vendors, provide estimates, and evaluate vendor credit history to ensure financial viability.
  • Oversee the coordination of providing information to claimants, College representatives, adjusters, attorneys and insurance companies.
  • Coordinate and conduct campus-wide risk management training sessions, guidelines, and procedures for all employees.
  • Collaborate with General Counsel to ensure that all legal contract requirements are met.

The hiring range for this position is expected to be: $124,000 - $140,000 annually.
BENEFITS AND PERKS
  • A variety of health insurance plans (Medical, Vision, Dental)
  • Generous Retirement Plan - 401(a) and 403(b)
  • Life and Disability Insurance
  • Paid Time Off: 20 days of vacation per calendar year, 12 days of personal/sick time
  • Paid Holidays and Special Days Off: https://www.bowdoin.edu/hr/our-workplace/college-holidays-and-special-days-off.html
  • Paid Parental Leave (Available after one year of service)
  • Household access to many of the College's facilities including the gym and pool
  • Free fitness and wellness classes!
  • And more: https://www.bowdoin.edu/hr/benefits-perks/index.html

Education/Skills Requirements
Bachelor's degree in Business Administration, Risk Management, or related field required. Insurance certification preferred.
Must have the ability to:
  • Analyze claims and exposure data to identify loss drivers, assess risk trends, and develop practical risk mitigation recommendations.
  • Create and manage insurance budgets and producing cost-of-risk reporting (premiums, retained losses, outside services, and related expenses).
  • Interpret technical documents or regulations and then determine applicability and steps associated with achieving compliance
  • Negotiate pricing, discounts, and contract terms with suppliers and service providers, while balancing service, value, and risk controls.
  • Provide insight, guidance, advice, and leadership necessary to ensure safety of the campus and its students, faculty, and staff.
  • Work independently and be self-motivated.

Experience Requirements and/or Equivalents
5 to 7 years experience directly related to the duties and responsibilities of the position; 7+ years preferred. Experience working in an education setting also preferred.
  • Knowledge of claims administration and coordination practices, including effective communication with claimants, adjusters, insurers, attorneys, and internal stakeholders.
  • Skilled in vendor due diligence, including assessing vendor financial stability/credit risk and documenting risk-based recommendations.

Applicants must meet the minimum qualifications in this posting to be considered for hire.
Standard Work Days and Hours
Standard administrative hours are 8:30am - 5:00pm. This is a full-time position working 40 hours/52 weeks, (1.00 FTE). Exempt positions require the time commitment necessary to complete the essential duties of the position.
We regret that Bowdoin College is unable to provide visa sponsorship for staff positions.
Employment at Bowdoin College is contingent upon satisfactory completion of applicable background checks including but not limited to: criminal records, educational verifications, driving records (when job-related), and/or credit history (when job related).
About Bowdoin
Bowdoin embraces diversity in all forms, and the College is home to talented students, faculty and staff-with a variety of racial, ethnic, cultural, and socioeconomic backgrounds; religious beliefs; and gender identities, among other factors.
We encourage applications from candidates committed to the support of an inclusive campus community and those who will enrich and contribute to the College's multifaceted diversity. We value a community in which individuals of all backgrounds are warmly welcomed and encouraged to succeed.
Founded in 1794, Bowdoin has maintained its commitment to the liberal arts for well over 200 years. Bowdoin's reputation as a preeminent liberal arts college rests on the excellence of its faculty, students, and staff; intimate size; strong sense of community; and connections to the people, history, and natural beauty of Maine.
Bowdoin's campus is situated in a beautiful natural setting. Located in Brunswick, Maine, a town of approximately 20,000, the College is a short drive from the Maine coast, twenty-five miles from Portland and 120 miles from Boston.
Shift
Employment Category
Full Time Year Round
FTE
1.00
Benefits Eligible
Yes
Pay Type
Salaried
Background Check Package Requirements
Administrative Staff + Credit
Is driving a vehicle (e.g. Bowdoin vehicle or off road vehicle, rental car, personal car) an essential function of this job?
No
Is a pre-placement physical required for this position?
No
Posting Date
08/18/2026
Applications Accepted Until
Open Until Filled
No
Type of Posting
Internal/External
Special Instructions to Applicants
If selected as a finalist, you will be required to submit information for three references, including name, email address, phone number and how you know the reference.
EEO Information
Bowdoin College complies with applicable provisions of federal and state laws that prohibit unlawful discrimination in employment, admission, or access to its educational or extracurricular programs, activities, or facilities based on race, color, ethnicity, ancestry and national origin, religion, sex, sexual orientation, gender identity and/or expression, age, marital status, place of birth, genetic predisposition, veteran status, or against qualified individuals with physical or mental disabilities on the basis of disability, or any other legally protected statuses.

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