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Credit Risk Jobs in Michigan (NOW HIRING)

Citizens

Principal Credit Risk & Pricing Analyst

Lansing, MI · Hybrid

$143.71K - $180K/yr

The Credit Risk Sr Professional will be a critical member of the Home Equity Credit Risk Team, generating the statistical analysis used to inform credit strategy. Will work with our data resources 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 ...

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 ...

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 ...

CFS

AR and Credit Manager

Saint Joseph, MI · Hybrid

$55K - $65K/yr

Oversee credit approvals, risk assessments, and establish credit limits. * Develop and implement policies to minimize bad debt and improve cash flow. * Collaborate with sales and finance teams to ...

CFS

AR and Credit Manager

Saint Clair, MI · Hybrid

$55K - $65K/yr

Oversee credit approvals, risk assessments, and establish credit limits. * Develop and implement policies to minimize bad debt and improve cash flow. * Collaborate with sales and finance teams to ...

New

CFS

$55K - $65K/yr

Oversee credit approvals, risk assessments, and establish credit limits. * Develop and implement policies to minimize bad debt and improve cash flow. * Collaborate with sales and finance teams to ...

Carhartt

Sr. Manager, Credit

Dearborn, MI · Hybrid

Create and maintain credit risk models that reflect strategic growth plans, tailored for unique business unit needs, industry benchmarks, trade reporting insights, and customer relationship history ...

Carhartt

Sr. Manager, Credit

Dearborn, MI · On-site

Create and maintain credit risk models that reflect strategic growth plans, tailored for unique business unit needs, industry benchmarks, trade reporting insights, and customer relationship history ...

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Credit Risk information

See Michigan salary details

$43.6K

$95.3K

$159.5K

How much do credit risk jobs pay per year?

As of May 29, 2026, the average yearly pay for credit risk in Michigan is $95,278.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,400.00 and $123,800.00 per year, depending on experience, location, and employer.

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 statements, and a background in finance, economics, or a related field, often supported by a relevant degree or certification (such as FRM or CFA). Familiarity with risk assessment tools, financial modeling software, and credit rating systems is typically required. Attention to detail, critical thinking, and effective communication are essential soft skills for interpreting data and presenting risk assessments to stakeholders. These skills and qualities are crucial for making informed decisions that minimize financial losses and ensure sound lending practices.

What are some typical challenges faced by professionals in credit risk roles, and how can they be addressed?

Credit risk professionals often encounter challenges such as assessing the creditworthiness of new and existing clients, keeping up with rapidly changing market conditions, and managing large volumes of data to make informed decisions. To address these, it's important to stay updated on industry trends, develop strong analytical and communication skills, and leverage advanced risk assessment tools. Collaborating closely with colleagues in underwriting, sales, and compliance teams also helps ensure well-rounded risk evaluations and consistent application of policies.

What is credit risk and what does a credit risk professional do?

Credit risk refers to the possibility that a borrower or counterparty will fail to meet their financial obligations, such as repaying a loan or making payments on time. Credit risk professionals analyze financial data, assess the creditworthiness of individuals or companies, and help set lending policies to minimize potential losses for banks or financial institutions. They use various models and tools to evaluate risk, monitor existing loans, and recommend strategies to mitigate exposure. Their work is essential for maintaining the financial health and stability of lending organizations.

What is the difference between Credit Risk vs Credit Analyst?

AspectCredit RiskCredit Analyst
Primary FocusAssessing the likelihood of borrower default to manage overall credit riskAnalyzing credit data to determine creditworthiness of individual applicants
Work EnvironmentRisk management teams, financial institutions, credit departmentsBanking, lending institutions, financial services
Required CredentialsOften requires risk management certifications, finance degreesFinance or accounting degrees, certifications like CFA or credit-specific courses

While both roles involve understanding credit, Credit Risk focuses on managing the overall risk exposure of an organization, whereas a Credit Analyst evaluates individual credit applications to determine approval. Both roles are essential in the lending process but differ in scope and responsibilities.

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 jobs in Michigan? For Credit Risk jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Credit Risk jobs in Michigan look for? The top searched job categories for Credit Risk jobs in Michigan are:
What cities in Michigan are hiring for Credit Risk jobs? Cities in Michigan with the most Credit Risk job openings:
Credit Risk jobs near you
Infographic showing various Credit Risk job openings in Michigan as of May 2026, with employment types broken down into 95% Full Time, 3% Part Time, and 2% Contract. Highlights an 74% In-person, 16% Hybrid, and 10% Remote job distribution, with an average salary of $95,278 per year, or $45.8 per hour.
Credit Risk Analyst

Credit Risk Analyst

Amerisure Mutual Insurance Company

Farmington Hills, MI • On-site

Full-time

Medical, Retirement, PTO

Posted 7 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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