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Division Credit Manager Jobs in Michigan (NOW HIRING)

America's Community Council

Case Manager (42095)

Dearborn, MI · On-site

$18.50 - $23.75/hr

ACC's Behavioral Health Division is a comprehensive community-based, outpatient program, accredited ... Individual must have at least four (4) years of college credit in the field of psychology, social ...

America's Community Council

Case Manager (42095)

Dearborn, MI

$18.50 - $23.75/hr

ACC's Behavioral Health Division is a comprehensive community-based, outpatient program, accredited ... Individual must have at least four (4) years of college credit in the field of psychology, social ...

Ace Retail Group

Assistant Manager

Warren, MI · On-site

$15.50 - $21/hr

About Ace Retail Group Ace Retail Group (ARG), is a division of Ace Hardware Corporation that owns ... TEAMWORK - We will fight the natural tendency for control and credit in favor of collaboration and ...

KFC

Human Resources Manager

Lanse, MI · On-site

SUMMARY Represents and sells products for Shamrock Foods Division on a commission base to hotels ... credit terms and prepares sales contracts for orders obtained. -Collections, order guide ...

KFC

Human Resources Manager

Lanse, MI · On-site

SUMMARY Represents and sells products for Shamrock Foods Division on a commission base to hotels ... credit terms and prepares sales contracts for orders obtained. -Collections, order guide ...

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All JobsDivision Credit JobsDivision Credit Manager JobsDivision Credit Manager Jobs in Michigan

Division Credit Manager information

What is a division credit manager?

Division Credit Managers are professionals responsible for overseeing the credit operations within a specific division of a company. They manage the assessment and approval of credit for customers, monitor outstanding accounts, and ensure compliance with company credit policies. Their goal is to minimize financial risk, improve cash flow, and support sales growth by making informed credit decisions. They often lead a team of credit analysts and work closely with sales and finance departments.

What are the key skills and qualifications needed to thrive as a division credit manager?

To thrive as a Division Credit Manager, you need expertise in financial analysis, credit risk assessment, and a strong background in accounting or finance, often supported by a relevant degree. Familiarity with credit management software, ERP systems, and sometimes certifications like the Certified Credit Professional (CCP) are typically required. Strong negotiation, decision-making, and communication skills set standout professionals apart in this role. These skills ensure effective credit policies, minimize financial risk, and maintain healthy cash flow for the organization.

What are some common challenges division credit managers face when overseeing credit policies across multiple branches or regions?

Division Credit Managers often encounter the challenge of maintaining consistent credit policies and risk assessments across various branches, each with its own local market conditions and customer profiles. Balancing centralized guidelines with the need for flexibility to address unique regional circumstances can be demanding. Additionally, they must ensure effective communication and training for branch staff to uphold credit standards, while regularly monitoring and reporting on credit performance to senior management. Proactive collaboration with sales, operations, and finance teams is essential to mitigate credit risks and support business growth.

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

AspectDivision Credit ManagerCredit Analyst
Primary RoleOversees credit policies and risk management for a division, approving large credit lines and managing credit teams.Assesses creditworthiness of individual clients or companies, analyzing financial data to recommend credit decisions.
Required CredentialsBachelor’s degree in finance, accounting, or related field; often requires experience in credit management.Bachelor’s degree in finance, economics, or related; certifications like CFA or credit-specific training are common.
Work EnvironmentCorporate office, managing teams and policies within a division of a company.Office setting, conducting financial analysis and risk assessment for clients or prospects.

While both roles involve credit evaluation, the Division Credit Manager focuses on managing credit risk at a division level and overseeing credit policies, whereas the Credit Analyst conducts detailed financial analysis to support credit decisions. The roles complement each other within credit departments but differ in scope and responsibilities.

How much do division credit managers make?

Division credit managers typically earn an average salary ranging from $70,000 to $120,000 annually, depending on experience, company size, and location. They often oversee credit policies, analyze financial data, and require strong analytical and communication skills.

What other jobs can a division credit manager do?

A division credit manager can transition into roles such as credit director, risk manager, collections manager, or financial analyst, leveraging skills in credit assessment, financial analysis, and risk management. These positions often require knowledge of credit policies, strong analytical abilities, and experience with financial software or tools. Certifications like CPA or CFA can also support career advancement in related finance and management roles.

What are popular job titles related to Division Credit Manager jobs in Michigan?

For Division Credit Manager jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Division Credit Manager jobs in Michigan look for?

The top searched job categories for Division Credit Manager jobs in Michigan are:

What cities in Michigan are hiring for Division Credit Manager jobs?

Cities in Michigan with the most Division Credit Manager job openings:

Division Credit Manager jobs near you

Senior Relationship Manager - Middle Market (Grand Rapids, MI)

Flagstar Bank

Grand Rapids, MI • On-site

Full-time

Medical, Dental, Vision, Life

Re-posted 3 days ago

Flagstar Bank rating

8.1

Company rating: 8.1 out of 10

Based on 52 frontline employees who took The Breakroom Quiz

65th of 174 rated banks

Job description

Position Title
Senior Relationship Manager - Middle Market (Grand Rapids, MI)
Location
Grand Rapids, MI 49546
Job Summary
Responsible for new business development and relationship management targeted to middle market companies with sales of 30 million dollars or greater within West Michigan, targeting Grand Rapids, MI area. Generate revenue by developing and maintaining relationships with identified companies/sponsors/developers/managers, generating deal flow directly from these clients/prospects and orchestrating a team approach to the relationship. The position is supported by product specialists (capital markets, rates and FX derivatives, treasury management, etc.), portfolio managers (credit underwriting, transaction approvals/processing, portfolio management routines) and operational support specialists but remains accountable for all aspects of the relationship.
Job Responsibilities:
  • New Business Origination: Developing and maintaining relationships to generate direct deal flow; Coordinate the team approach to approving and closing new deals to grow assets and revenues while optimizing profitability (ROE).
  • Relationship Management: Working with assigned portfolio managers, engage with sponsors and borrowers on idea generation and relevant opportunities to expand our relationship.
  • Strategic Planning: Partnering with Division management to create a strategic plan for the Group and creating action plans to ensure the achievement of the plan including setting and tracking individualized goals for each team member in regards to production and revenue, and forecasting results for management based on existing pipelines.
  • Credit Quality: Working with assigned portfolio managers, ensure pro-actively monitoring credit quality of portfolio through timely financial statement gathering, monitoring client's compliance with ongoing required reporting, properly analyzing financial information and taking or recommending appropriate corrective actions based on acceptable levels. Ultimately responsible for managing the banks risk exposure to acceptable levels.
  • Maintaining Knowledge: Staying abreast of industry trends and market conditions that could impact the Sponsor Coverage group as a whole and the assigned portfolio of relationships and borrowers

Job Requirements:
  • High School Diploma or Equivalent required
  • Formal Credit Training preferred
  • 10+ years of Commercial financing or equivalent lending experience
  • Established relationships and demonstrated direct origination track record with relevant companies
  • Expertise in negotiating, structuring, and closing complex loans
  • Proven ability to generate significant cross-sell revenues
  • Strong analytical and credit skills
  • A high level of oral and written interpersonal and sales skills are necessary to compete effectively, present proposals to client and recommend loan transactions to bank senior management
  • Expertise in due diligence, credit underwriting, and legal documentation
  • Excellent interpersonal and verbal and written communication skills
  • Excels in a team environment
  • Mentor less experienced Relationship Managers and Portfolio Managers as appropriate
  • Cross-sell banking services including treasury management, interest rate protection, and syndication products and capabilities (foreign exchange & commodity hedging is a plus)
  • Recognize issues; early problem recognition, remedial management and appropriate coordination with workout is an important part of on-going portfolio management
  • Keep management fully informed on all key factors of the bank, the portfolio, client relationships and the competitive environment
  • Involved in industry-related associations, committees, and boards outside of the bank (i.e., Special Olympics, etc.) that provide marketing and community services for the Bank
  • Adhere to all regulatory and compliance issues linked to the job and the team and understand how these issues help the bank achieve the vision of remaining an independent bank.
  • Staff member is expected to consistently adhere to regulatory and compliance policies and standards linked to their job as listed. Staff member will not repeatedly act in a manner signifying intentional or willful noncompliance, nor exhibit gross negligence or a general disregard for compliance and regulatory standards. Staff member must ensure compliance with applicable federal, state and local laws and regulations. Staff member must complete all required compliance training on a timely basis. Staff member will maintain knowledge of and adhere to Flagstar's internal compliance policies and procedures. Staff member must take responsibility to keep up to date with changing regulations and policies.

Flagstar is an Equal Opportunity Employer
We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank
Pay Range
$131,611.50 - $219,478.00

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