Commercial Credit Analyst IV Salary in Mohawk, Michigan
Commercial Credit Analyst IV Salary in Mohawk, MI
How much does a Commercial Credit Analyst IV make in Mohawk, MI? The average Commercial Credit Analyst IV salary in Mohawk, MI is $103,303 as of April 24, 2024, but the range typically falls between $87,635 and $124,593. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Commercial Credit Analyst IV Salary | $73,371 | Mohawk,MI | April 24, 2024 |
| 25th Percentile Commercial Credit Analyst IV Salary | $87,635 | Mohawk,MI | April 24, 2024 |
| 50th Percentile Commercial Credit Analyst IV Salary | $103,303 | Mohawk,MI | April 24, 2024 |
| 75th Percentile Commercial Credit Analyst IV Salary | $124,593 | Mohawk,MI | April 24, 2024 |
| 90th Percentile Commercial Credit Analyst IV Salary | $143,976 | Mohawk,MI | April 24, 2024 |
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What skills does a Commercial Credit Analyst IV 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.
Commercial Loans: A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford.
Credit Card: A credit card is a type of credit facility, provided by banks that allow customers to borrow funds within a pre-approved credit limit.
Job Description for Commercial Credit Analyst IV
Commercial Credit Analyst IV 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 IV 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 IV 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 IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be a Commercial Credit Analyst IV typically requires 7+ years of related experience. (Copyright 2024 Salary.com)... View full job description
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Southern Michigan Bank & Trust - Jackson, MIDepartment. Credit. Reports To. Credit Manager. FLSA Status. Non - Exempt. Location: Jackson, MI. SUMMARY. This position evaluates the creditworthiness of ...- 1 Day Ago
Career Path for Commercial Credit Analyst IV
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 IV, the first career path typically progresses to Commercial Credit Analysis Manager.
What does a Commercial Credit Analyst IV do?
Are you an HR manager or compensation specialist?
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Commercial Credit Analyst IV Pay Difference by Location
Commercial Credit Analyst IV salary varies from city to city. Compared with national average salary of Commercial Credit Analyst IV, the highest Commercial Credit Analyst IV salary is in San Francisco, CA, where the Commercial Credit Analyst IV salary is 25.0% above. The lowest Commercial Credit Analyst IV salary is in Miami, FL, where the Commercial Credit Analyst IV salary is 3.5% lower than national average salary.
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About Mohawk, Michigan
Similar Jobs to Commercial Credit Analyst IV
| 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 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 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 IV
Jobs with different levels of education may pay very differently. Check the Commercial Credit Analyst IV salary of your education level.
- Commercial Credit Analyst IV Salaries with No Diploma
- Commercial Credit Analyst IV Salaries with a High School Diploma or Technical Certificate
- Commercial Credit Analyst IV Salaries with an Associate's Degree
- Commercial Credit Analyst IV Salaries with a Bachelor's Degree
- Commercial Credit Analyst IV Salaries with a Master's Degree or MBA
- Commercial Credit Analyst IV Salaries with a JD, MD, PhD or Equivalent
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About Mohawk, Michigan Allouez Township is a civil township of Keweenaw County in the U.S. state of Michigan. As of the 2010 census, the township population was 1,571. The t....More
Mohawk, Michigan area prices were up 1.3% from a year ago View the Cost of Living in Mohawk, Michigan
Commercial Credit Analyst IV Salary in popular cities: Detroit, Grand Rapids, Warren
Skills associated with Commercial Credit Analyst IV: Banking Software, Credit Verification, Risk Analysis, Risk Assessment ...More
Salary estimation for Commercial Credit Analyst IV at companies like : Republic Middle School, Forust Corp, New Spark Holdings Inc
Jobs with a similar salary range to Commercial Credit Analyst IV : Senior Credit Underwriter
