Commercial Credit Analyst I Salary in Michigan
Commercial Credit Analyst I Salary in Michigan
How much does a Commercial Credit Analyst I make in Michigan? The average Commercial Credit Analyst I salary in Michigan is $57,906 as of March 26, 2024, but the range typically falls between $50,911 and $65,250. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Commercial Credit Analyst I Salary | $44,542 | MI | March 26, 2024 |
| 25th Percentile Commercial Credit Analyst I Salary | $50,911 | MI | March 26, 2024 |
| 50th Percentile Commercial Credit Analyst I Salary | $57,906 | MI | March 26, 2024 |
| 75th Percentile Commercial Credit Analyst I Salary | $65,250 | MI | March 26, 2024 |
| 90th Percentile Commercial Credit Analyst I Salary | $71,937 | MI | March 26, 2024 |
Microbac - Arcata, CA
Senior Credit Analyst - Counterparty Risk Analysis
Crédit Agricole CIB - Chicago, IL
Dieterich Bank - Effingham, IL
CED - Folsom, CA
- View Average Salary for United States
-
Select State
-
Select City in MI
-
Choose Similar Job
-
Pick Related Category
- View Cost of Living in Michigan
What skills does a Commercial Credit Analyst I need?
Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.
Credit Reports: Credit report is a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts. It allows to check for any delinquency in past and present credit accounts.
Job Description for Commercial Credit Analyst I
Commercial Credit Analyst I collects, reviews, and analyzes data to prepare a detailed credit analysis that evaluates the terms and creditworthiness of commercial loan applications. Uses multiple sources of information, including financial statements, collateral appraisals, credit scores, and cash flow analysis, to assign risk ratings to loans and complete an analysis of the applicant's financial status. Being a Commercial Credit Analyst I calculates debt-to-income (DTI) ratios to evaluate an applicant's ability to repay the loan. Prepares credit memos in a standardized format that includes key ratios, supporting information, an executive summary, and objective recommendations. Additionally, Commercial Credit Analyst I presents credit reports to loan officers and loan committees. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Commercial Credit Analyst I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Credit Analyst I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description
See user submitted job responsibilities for Commercial Credit Analyst I.
Search Job Openings
Salary.com job board provides millions of Commercial Credit Analyst I information for you to search for. Click on search button below to see Commercial Credit Analyst I job openings or enter a new job title here.
Select a city to view specific salary and bonus information for Commercial Credit Analyst I
| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Taylor, MI | Avg. Salary $59,020 | Date Updated March 26, 2024 |
| Location Acme, MI | Avg. Salary $55,207 | Date Updated March 26, 2024 |
| Location Ada, MI | Avg. Salary $56,908 | Date Updated March 26, 2024 |
| Location Addison, MI | Avg. Salary $58,962 | Date Updated March 26, 2024 |
| Location Adrian, MI | Avg. Salary $58,082 | Date Updated March 26, 2024 |
| Location Afton, MI | Avg. Salary $54,503 | Date Updated March 26, 2024 |
| Location Ahmeek, MI | Avg. Salary $55,794 | Date Updated March 26, 2024 |
| Location Akron, MI | Avg. Salary $54,562 | Date Updated March 26, 2024 |
| Location Alanson, MI | Avg. Salary $54,503 | Date Updated March 26, 2024 |
| Location Alba, MI | Avg. Salary $54,503 | Date Updated March 26, 2024 |
Career Path for Commercial Credit Analyst I
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Commercial Credit Analyst I, the upper level is Commercial Credit Analyst II and then progresses to Commercial Credit Analyst IV.
What does a Commercial Credit Analyst I do?
Are you an HR manager or compensation specialist?
Salary.com's CompAnalyst platform offers:
- Detailed skills and competency reports for specific positions
- Job and employee pricing reports
- Compensation data tools, salary structures, surveys and benchmarks.
About Michigan
Similar Jobs to Commercial Credit Analyst I
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Commercial Credit Analyst II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Credit Analyst III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Commercial Credit Analyst IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
| Job Title Credit Analyst I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Credit Analyst II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Level of Education for Commercial Credit Analyst I
Jobs with different levels of education may pay very differently. Check the Commercial Credit Analyst I salary of your education level.
View Salary Data for All Nearby Cities
Indiana
Minnesota
Ohio
Wisconsin
Most Popular Cities for Commercial Credit Analyst I Job
- Houston, TX Commercial Credit Analyst I
- Los Angeles, CA Commercial Credit Analyst I
- Boston, MA Commercial Credit Analyst I
- Atlanta, GA Commercial Credit Analyst I
- New York, NY Commercial Credit Analyst I
- Detroit, MI Commercial Credit Analyst I
- Dallas, TX Commercial Credit Analyst I
- Saint Louis, MO Commercial Credit Analyst I
- Miami, FL Commercial Credit Analyst I
- Chicago, IL Commercial Credit Analyst I
Browse All Banking Jobs by Salary Level
Browse Related Job Categories With Commercial Credit Analyst I
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Commercial Credit Analyst I salary varies from category to category. Click below to see Commercial Credit Analyst I salary in different categories.
About Michigan Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th par....More
Skills associated with Commercial Credit Analyst I: Banking Software, Risk Assessment, Credit Analysis, Credit Verification ...More
Recently searched related titles: Commercial Banker
Recently searched related titles: Chemical Operations Specialist, Research Area Specialist Associate, Safety Data Coordinator
Jobs with a similar salary range to Commercial Credit Analyst I : Bank Credit Analyst, Commercial Credit, Originations Analyst
Salary estimation for Commercial Credit Analyst I at companies like : Walker/ Methodist Hospital Community Clinic, Hotspring Spa Leffel Inc, aspx8608 Citrus Park Holdings LLC
Jobs with a similar salary range to Commercial Credit Analyst I : Ihcra, Fragrance Consultant, Mac Manager
