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Transaction Manager Jobs in Detroit, MI (NOW HIRING)

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Transaction Manager information

See Detroit, MI salary details

$17.3K

$76.2K

$129.7K

How much do transaction manager jobs pay per year?

As of Aug 12, 2026, the average yearly pay for transaction manager in Detroit, MI is $76,204.00, according to ZipRecruiter salary data. Most workers in this role earn between $47,500.00 and $95,000.00 per year, depending on experience, location, and employer.

What is a transaction manager?

A transaction manager oversees each phase of real estate transactions for a company, from application to closing. The qualifications for a career as a transaction manager include a bachelor’s degree in accounting, business administration, or a similar field. You also need experience in the real estate industry. Strong organizational and leadership skills are a must. As a transaction manager, your job duties include handling legal and financial matters, monitoring liabilities, coordinating leases, subleases, and purchases, finding real estate opportunities that align with company goals, and utilizing resources to negotiate the best deals for your company.

What are the key skills and qualifications needed to thrive as a transaction manager, and why are they important?

To thrive as a Transaction Manager, you need strong analytical skills, attention to detail, and a background in finance, real estate, or business, often supported by a relevant degree. Familiarity with transaction management software, CRM systems, and proficiency in Excel or similar tools are typically required. Excellent organizational, negotiation, and communication skills help you coordinate effectively with clients, agents, and stakeholders. These skills are crucial for ensuring smooth, compliant transactions and minimizing risks throughout the process.

How does a transaction manager typically collaborate with other departments during a deal process?

Transaction Managers work closely with various teams such as legal, finance, asset management, and external stakeholders to ensure smooth execution of deals. They coordinate due diligence, communicate key milestones, and oversee documentation to keep all parties aligned. Effective collaboration and clear communication are essential, as the Transaction Manager often acts as the central point of contact, facilitating information flow and resolving issues quickly. This cross-functional teamwork helps ensure that transactions close efficiently and comply with company policies and regulations.

What is the difference between Transaction Manager vs Loan Officer?

AspectTransaction ManagerLoan Officer
Required CredentialsTypically a bachelor's degree; certifications like Certified Transaction Coordinator (CTC) are commonBachelor's degree in finance, economics, or related field; licenses such as NMLS are required
Work EnvironmentReal estate agencies, title companies, or transaction coordination firmsBanks, credit unions, mortgage companies
Employer & Industry UsageReal estate and property management sectorsFinancial services and mortgage lending
Common Search & Comparison IntentUnderstanding roles in real estate transactionsUnderstanding mortgage and loan processing roles

The main difference is that a Transaction Manager oversees the coordination of real estate transactions, ensuring all documents and deadlines are met, often within real estate or title companies. A Loan Officer, on the other hand, evaluates and approves loan applications for borrowers seeking financing. While both roles require knowledge of real estate and finance, their focus areas and work environments differ significantly.

What does a transaction manager do?

A Transaction Manager oversees and coordinates real estate or financial transactions from start to finish. Their responsibilities typically include managing documentation, facilitating communication between all parties involved, ensuring compliance with regulations, and keeping transactions on schedule. They work closely with agents, clients, lenders, and legal professionals to address issues and ensure a smooth closing process. In commercial real estate, they may also handle portfolio management and negotiate lease agreements. The goal of a Transaction Manager is to ensure all aspects of a transaction are handled efficiently and accurately.
What are the most commonly searched types of Transaction jobs in Detroit, MI? The most popular types of Transaction jobs in Detroit, MI are:
What are popular job titles related to Transaction Manager jobs in Detroit, MI? For Transaction Manager jobs in Detroit, MI, the most frequently searched job titles are:
What job categories do people searching Transaction Manager jobs in Detroit, MI look for? The top searched job categories for Transaction Manager jobs in Detroit, MI are:
What cities near Detroit, MI are hiring for Transaction Manager jobs? Cities near Detroit, MI with the most Transaction Manager job openings:
Infographic showing various Transaction Manager job openings in Detroit, MI as of August 2026, with employment types broken down into 1% As Needed, 85% Full Time, 12% Part Time, 1% Contract, and 1% Nights. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $76,204 per year, or $36.6 per hour.

Transaction Specialist I - Capture / Equipment Room Operator / 1st Shift

JPMorgan Chase & Co

Van Buren Township, MI

$16 - $19.75/hr

Full-time

Medical, Retirement

Posted 13 days ago


JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 493 frontline employees who took The Breakroom Quiz

72nd of 171 rated banks


Job description

Join a fast-paced operations team where accuracy, efficiency, and attention to detail drive exceptional client service. Help ensure critical payment transactions are processed securely and on time while supporting one of the industry's leading financial services organizations.

As a Transaction Specialist I - Capture / Equipment Room Operator in Lockbox Operations, you will support the imaging, validation, processing, and routing of remittance transactions. You will operate advanced capture equipment, review document quality, and ensure transactions move accurately through the processing workflow. This role is critical to maintaining operational efficiency, regulatory compliance, and exceptional service delivery for our clients.

Job Responsibilities:

  • Operate high-speed capture and imaging equipment, including OPEX and related platforms, to process lockbox transactions.
  • Scan checks, remittance documents, credit card payments, and batch header tickets.
  • Review and verify image quality to ensure all documents are captured accurately and meet established standards.
  • Process transaction documents according to operating procedures and service-level requirements.
  • Route work through the capture process while maintaining document control and accountability.
  • Identify and resolve image quality issues and processing exceptions.
  • Handle rejected transactions and coordinate corrective actions as needed.
  • Track, organize, and maintain transaction documentation throughout the workflow.
  • Meet production goals for volume, accuracy, and turnaround times.
  • Collaborate with Mail Extraction, Rejects, and downstream processing teams to ensure timely processing.
  • Adhere to operational, compliance, security, and risk management requirements.

Required Qualifications, Capabilities, and Skills

  • Ability to stand for the majority of the workday and ability to lift, move, and transport materials weighing up to 50 pounds.
  • Ability to operate scanning, imaging, or document-processing equipment.
  • Strong attention to detail and commitment to accuracy.
  • Ability to follow established procedures and work instructions.
  • Strong organizational and time management skills.
  • Basic computer skills and ability to learn new systems and applications.
  • Ability to work in a production-driven environment while meeting performance standards.
  • Effective verbal and written communication skills.
  • Ability to identify issues and escalate concerns appropriately.
  • Proven ability to work collaboratively within a team environment.
  • Commitment to maintaining confidentiality, security, and compliance standards.

Preferred Qualifications, Capabilities, and Skills

  • Previous experience in lockbox, remittance, payment processing, or document imaging operations.
  • Experience using OPEX or similar capture and imaging platforms.
  • Knowledge of banking or financial services operations.
  • Familiarity with quality control and exception-processing procedures.

Schedule:  Monday - Friday, 7:30 am - 4pm


This position may require you to work non-traditional hours and/or additional hours as business needs arise.  Work schedule might be subject to change.

A Government Security Clearance may be required for this position.  This includes, but is not limited to:
    Fingerprints
    Credit Check
    Employment History
    Tax Filing History (possibly)
    References (possibly)
    Proof of U.S. Legal Permanent Residence

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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