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Associate Credit Analyst Jobs in Naperville, IL (NOW HIRING)

CIM Group, LP

Associate, Credit Analysis

Chicago, IL

Specifically, the analyst will be responsible for building/maintaining financial models, preparing ... credit market activity in the leveraged loan/high yield space via networking/conversation with ...

CIM Group, LP

Associate, Credit Analysis

Chicago, IL · On-site

Specifically, the analyst will be responsible for building/maintaining financial models, preparing ... credit market activity in the leveraged loan/high yield space via networking/conversation with ...

CIM Group, LP

Associate, Credit Analysis

Chicago, IL · On-site

Specifically, the analyst will be responsible for building/maintaining financial models, preparing ... credit market activity in the leveraged loan/high yield space via networking/conversation with ...

AAR Corp

Credit Analyst

Wood Dale, IL · On-site

$65 - $85/hr

- Credit Analyst (18710) About Us:AAR Corp. (NYSE: AIR) is a global aerospace and defense aftermarket ... Associate degree (A.A.) or equivalent from two-year college or technical school; or four years ...

AAR Corporation

Credit Analyst

Wood Dale, IL · On-site

$65K - $85K/yr

Evaluate clients on credit hold for credit release. * Responsible for financial analysis to make ... Associate degree (A.A.) or equivalent from two-year college or technical school; or four years ...

AAR Corporation

Credit Analyst

Wood Dale, IL

$65K - $85K/yr

Evaluate clients on credit hold for credit release. * Responsible for financial analysis to make ... Associate degree (A.A.) or equivalent from two-year college or technical school; or four years ...

Socket.dev

Credit Analyst

Wood Dale, IL · On-site

$65 - $85/hr

Evaluate clients on credit hold for credit release. * Responsible for financial analysis to make ... Associate degree (A.A.) or equivalent from two-year college or technical school; or four years ...

New

AAR

Credit Analyst

Wood Dale, IL · On-site

$65K - $85K/yr

Evaluate clients on credit hold for credit release. * Responsible for financial analysis to make ... Associate degree (A.A.) or equivalent from two-year college or technical school; or four years ...

Busey

Credit Monitoring Analyst II

Burr Ridge, IL · On-site

$69K - $96K/yr

Position Summary The Credit Monitoring Analyst II supports the commercial credit monitoring and ... In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible ...

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All JobsAssociate Credit Analyst JobsAssociate Credit Analyst Jobs in Naperville, IL

Associate Credit Analyst information

See Naperville, IL salary details

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$48

How much do associate credit analyst jobs pay per hour?

As of Sep 4, 2026, the average hourly pay for associate credit analyst in Naperville, IL is $29.88, according to ZipRecruiter salary data. Most workers in this role earn between $23.03 and $33.61 per hour, depending on experience, location, and employer.

What does an associate credit analyst do?

An Associate Credit Analyst is responsible for evaluating the creditworthiness of individuals or companies applying for loans or credit lines. They analyze financial statements, credit reports, and economic data to assess risks and make recommendations on lending decisions. Their work helps financial institutions minimize losses by identifying potential credit risks and ensuring that lending policies are followed. Associate Credit Analysts often work under the supervision of senior analysts and may assist in preparing credit reports and presentations for management.

What are the key skills and qualifications needed to thrive as an associate credit analyst, and why are they important?

To thrive as an Associate Credit Analyst, you need strong analytical skills, a solid understanding of financial statements, and typically a bachelor's degree in finance, accounting, or a related field. Familiarity with credit risk modeling software, Excel, and financial databases such as Bloomberg or S&P Capital IQ is essential. Attention to detail, effective communication, and the ability to work under tight deadlines are standout soft skills in this role. These competencies are crucial for accurately assessing creditworthiness, supporting sound lending decisions, and ensuring risk is managed effectively.

What are some common challenges faced by associate credit analysts when evaluating new credit applications?

Associate Credit Analysts often encounter challenges such as analyzing incomplete or inconsistent financial data, assessing the creditworthiness of applicants with limited credit history, and balancing risk with business growth objectives. They must also stay updated with industry trends and regulatory changes that can impact credit risk. Effective communication with senior analysts and other departments is crucial for gathering necessary information and ensuring accurate assessments.

What is the difference between Associate Credit Analyst vs Credit Analyst?

AspectAssociate Credit AnalystCredit Analyst
Required CredentialsBachelor's degree, some certifications (e.g., CFA, credit analysis courses)Bachelor's degree, often similar certifications
Work EnvironmentEntry-level, team-based, financial institutions or corporationsMid-level, analytical, banking or finance sectors
Employer & Industry UsageFinancial services, banks, credit agenciesBanks, investment firms, credit departments
Common Search & ComparisonYesYes

The Associate Credit Analyst typically performs entry-level credit assessments, supporting senior analysts. Credit Analysts handle more complex evaluations and decision-making. Both roles require similar educational backgrounds and certifications, but Credit Analysts usually have more experience and responsibility.

Are associate credit analysts paid well?

Associate credit analysts typically earn a median annual salary that is competitive within the finance industry, with pay often increasing with experience and certifications such as the CFA. Salaries can vary based on location, company size, and individual performance, but generally, the role offers a solid starting point for a career in credit analysis and financial services.

Is an associate credit analyst entry level?

An associate credit analyst is typically an entry-level position in the finance and credit analysis field. It often requires a bachelor's degree in finance, accounting, or a related field, and involves tasks such as assessing creditworthiness and supporting senior analysts. Advancement usually depends on experience, skills, and certifications like the CFA or credit analysis training.

What are the most commonly searched types of Credit Analyst jobs in Naperville, IL?

The most popular types of Credit Analyst jobs in Naperville, IL are:

What are popular job titles related to Associate Credit Analyst jobs in Naperville, IL?

For Associate Credit Analyst jobs in Naperville, IL, the most frequently searched job titles are:

What job categories do people searching Associate Credit Analyst jobs in Naperville, IL look for?

The top searched job categories for Associate Credit Analyst jobs in Naperville, IL are:

What cities near Naperville, IL are hiring for Associate Credit Analyst jobs?

Cities near Naperville, IL with the most Associate Credit Analyst job openings:

Associate Credit Analyst jobs near you
Infographic showing various Associate Credit Analyst job openings in Naperville, IL as of August 2026, with employment types broken down into 1% As Needed, 70% Full Time, 27% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $62,150 per year, or $29.9 per hour.

Associate, Credit Analysis

CIM Group, LP

Chicago, IL

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 15 days ago

Key responsibilities

  • Research and analyze assigned industries to identify potential investment opportunities and monitor existing investments in the Broadly Syndicated Loan Market.

  • Present written analysis on individual credits, including assessment of strengths, weaknesses, business outlook, industry dynamics, management, deal sponsor, capital structure, credit agreement terms, collateral, cash flow projections, and relative value.

  • Build and maintain financial models, prepare investment memoranda and portfolio management reports, and assist in sector presentations for the Investment Committee.

Job description

ABOUT OFS:
Established in 1994, OFS is a registered investment adviser providing capital and leveraged finance solutions to U.S. corporations on behalf of its advisory clients. For more than 25-years, OFS has developed a disciplined approach to provide reliable, innovative, and flexible credit solutions to U.S.-based businesses that are underserved by traditional lenders. OFS provides flexible debt financing to support recapitalizations, leveraged buyouts, and growth capital. OFS is an affiliate of CIM Group. Join us and make an impact today!

POSITION PURPOSE:

Position will research and analyze the assigned industries, to identify potential investment opportunities and monitor existing investments in the Broadly Syndicated Loan Market.

RESPONSIBILITIES:
  • Monitor respective investments in the Business Services sector within the leveraged loan market.
  • Present written analysis on individual credits including but not limited to; identification of strengths/weaknesses, mitigants to weaknesses, business outlook, industry dynamics, company management, deal sponsor, capital structure, key credit agreement terms, collateral profile, cash flow projections/sensitivity analysis, comparable analysis, and relative value.
  • Research investments incorporating fundamental analysis of companies within the leveraged loan space.  Specifically, the analyst will be responsible for building/maintaining financial models, preparing written investment memoranda and quarterly/annual portfolio management reports.
  • Assist in preparation of sector presentations on a periodic basis, providing current state of industry, company comparisons, valuations, new ideas, trends, etc. to the Investment Committee.
  • Maintain high level of knowledge on current/evolving industry trends and monitor primary and secondary credit market activity in the leveraged loan/high yield space via networking/conversation with research analysts, third parties, and colleagues within the leveraged loan space.
EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)
  • Bachelor’s degree in business, finance or related field of study.
  • 2 to 5 years of experience in credit markets, including formal credit training, financial analysis and modeling, broadly syndicated loan market experience preferred but not necessary.
  • Prior investment banking experience a plus.
  • CPA, CFA and/or MBA a plus.
  • Demonstrated understanding of GAAP principles/financial analysis/valuation/modeling.
  • Ability to forecast/project based on drivers of applicable business. 
  • Demonstrated ability to interpret/analyze Quality of Earnings reports; understand/opine on Adjustments to EBITDA.
  • Ability to perform Discounted Cash Flow Analysis/NPV analysis.
  • Ability to assess Relative Value, based on yield calculations, internal/external ratings considerations, and credit metrics. 
ABOUT YOU:
  • Ability to interact with outside institutions in professional manner, seeking guidance from research analysts/market color from capital markets professionals.
  • Ability to write correspondence and/or reports.
  • Ability to effectively present information to customers, clients and other employees of the organization.
  • Ability to read, analyze and interpret financial reports and/or legal documents.
  • Demonstrated competence with respect to overall macro factors and subsector trends/allocations.
  • Demonstrated competence with Microsoft Excel, Word, PowerPoint.
  • Demonstrated competence/curiosity with Artificial Intelligence (CoPilot, Claude, GPT, etc).
  • Demonstrated competence in use of Bloomberg, Capital IQ.
  • Demonstrated competence with Moody’s/S&P online platforms for ratings/industry analysis.
  • Ability to learn/adapt to technological platforms OFS employs on proprietary basis. 
WHAT CIM OFFERS:

At CIM, we believe our success stems from our collective efforts, and we are committed to providing well-rounded support and resources for our employees. In addition to a competitive compensation plan, CIM offers a comprehensive benefits program for employees to thrive both inside and outside of work. Eligible employees can enjoy a wide range of benefits, including:

  • A variety of Medical, dental, and vision benefit plans
  • Health Savings Account with a generous employer contribution
  • Company paid life and disability insurance
  • 401(k) savings plan, with company match
  • Comprehensive paid time off, including: vacation days, 10 designated holidays, sick time, and bereavement leave
  • Up to 16 hours of volunteer time off
  • Up to 16 weeks of Paid Parental Leave
  • Ongoing professional development programs
  • Wellness program, including monthly and quarterly prizes
  • And more!
Actual base salary considers several factors including but not limited to geography, job-related knowledge, experience, and budget. The start of the salary range is typically associated with the minimum experience required. At CIM, base pay is one part of the total compensation package. This role is eligible for bonus pay in addition to base salary. The anticipated base salary range for the position in Chicago, IL is $120,000 - $140,000.
 
 
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HOW WE FEEL ABOUT DIVERSITY AND INCLUSION:
OFS is committed to creating a successful diversity, equity and inclusion (“DEI”) program in which ALL employees recognize and understand individual differences and how we can adjust our preconceived biases and perceptions of others and, thereby, promote an inclusive environment at OFS based on its core tenets of Honesty, Integrity, Kindness and Respect. As an equal opportunity employer, we prohibit any unlawful discrimination against a job applicant on the basis of their race, color, religion, gender, gender identity, gender expression, sexual orientation, national origin, family or parental status, disability*, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate. We respect the laws enforced by the U.S. Equal Employment Opportunity Commission (EEOC) and are dedicated to going above and beyond in fostering diversity across our workplace.
 
*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group. Please inform our Talent team if you need any assistance completing any forms or to otherwise participate in the application process.
 
OFS is committed to maintaining the confidentiality and privacy of your personal and financial information. Please click here for our Privacy Policy.
 
OFS does not accept unsolicited resumes from Agencies.  Any unsolicited resumes received from Agencies will be considered property of OFS and no fees will be due or paid.  If you wish to become an approved Agency with OFS or any of its Affiliates, please contact a member of the OFS Talent Acquisition Team.