Commercial Credit Analyst II Salary in Michigan
Commercial Credit Analyst II Salary in Michigan
How much does a Commercial Credit Analyst II make in Michigan? The average Commercial Credit Analyst II salary in Michigan is $71,684 as of April 24, 2024, but the range typically falls between $62,541 and $82,164. 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 II Salary | $54,216 | MI | April 24, 2024 |
| 25th Percentile Commercial Credit Analyst II Salary | $62,541 | MI | April 24, 2024 |
| 50th Percentile Commercial Credit Analyst II Salary | $71,684 | MI | April 24, 2024 |
| 75th Percentile Commercial Credit Analyst II Salary | $82,164 | MI | April 24, 2024 |
| 90th Percentile Commercial Credit Analyst II Salary | $91,705 | MI | April 24, 2024 |
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What skills does a Commercial Credit Analyst II 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.
Professional Development: Professional development refers to continuing education and career training after a person has entered the workforce in order to help them develop new skills, stay up-to-date on current trends, and advance their career.
Job Description for Commercial Credit Analyst II
Commercial Credit Analyst II 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 II 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 II 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 II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Commercial Credit Analyst II typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)... View full job description
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Union Bank - Grand Rapids, MIPlease be aware this position is located on-site at our location in Grand Rapids. Job Title: Credit Analyst II. Department: Credit Administration. FLSA Cla...- 5 Days Ago
Select a city to view specific salary and bonus information for Commercial Credit Analyst II
| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Taylor, MI | Avg. Salary $73,064 | Date Updated April 24, 2024 |
| Location Acme, MI | Avg. Salary $68,343 | Date Updated April 24, 2024 |
| Location Ada, MI | Avg. Salary $70,450 | Date Updated April 24, 2024 |
| Location Addison, MI | Avg. Salary $72,992 | Date Updated April 24, 2024 |
| Location Adrian, MI | Avg. Salary $71,902 | Date Updated April 24, 2024 |
| Location Afton, MI | Avg. Salary $67,472 | Date Updated April 24, 2024 |
| Location Ahmeek, MI | Avg. Salary $69,070 | Date Updated April 24, 2024 |
| Location Akron, MI | Avg. Salary $67,545 | Date Updated April 24, 2024 |
| Location Alanson, MI | Avg. Salary $67,472 | Date Updated April 24, 2024 |
| Location Alba, MI | Avg. Salary $67,472 | Date Updated April 24, 2024 |
Career Path for Commercial Credit Analyst II
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 II, the upper level is Commercial Credit Analyst III and then progresses to Commercial Credit Analyst IV.
What does a Commercial Credit Analyst II do?
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About Michigan
Similar Jobs to Commercial Credit Analyst II
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Commercial Credit Analyst I | Experience 0 - 2 | 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 II
Jobs with different levels of education may pay very differently. Check the Commercial Credit Analyst II salary of your education level.
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