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

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$15

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$49

How much do associate credit analyst jobs pay per hour?

As of Sep 5, 2026, the average hourly pay for associate credit analyst in Riverside, IL is $30.09, according to ZipRecruiter salary data. Most workers in this role earn between $23.22 and $33.85 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 Riverside, IL?

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

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

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

Associate Credit Analyst jobs near you
Infographic showing various Associate Credit Analyst job openings in Riverside, IL as of August 2026, with employment types broken down into 1% As Needed, 68% Full Time, 28% Part Time, 1% Temporary, and 2% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $62,580 per year, or $30.1 per hour.

Senior Associate, Private Credit

Lord, Abbett & Co. LLC

Chicago, IL • On-site

$170 - $190/hr

Other

Medical, Retirement

Posted 17 days ago

Job description

The Role

Our Private Credit Team team is seeking a Senior Associate to help drive performance across our private credit strategies. This role is focused on conducting deep credit analysis, structuring and underwriting private credit investments, and supporting portfolio management decisions. The Senior Associate will be responsible for evaluating investment opportunities, performing due diligence, monitoring portfolio companies, and assessing relative value across sectors and structures.


We’ll trust you to:

  • Act as a deal team member in the underwriting potential private credit transactions including diligence and credit memo preparation

  • Analyze historical financial statements, company KPIs, comparable company information/precedent transactions, identify and review industry reports to assist deal teams’ analysis of investment opportunities.

  • Perform base case and downside case 3-statement modeling in support of investment recommendations and portfolio management

  • Coordinate analysis with our loan only/private credit analysts to provide industry and market comp context for each transaction

  • Help support the broader private credit business as we grow including portfolio management, structuring and capital markets activities

  • Be able to effectively work in a small deal team setting with a collaborative mindset while managing multiple deal processes at the same time

  • Analyze credit documents such as loan agreements, amendments, and security agreements


You\'ll need to have:

  • 1-4 years of underwriting experience with a strong credit discipline

  • Strong team first mind set and ability to work within a large organization in a fast paced environment

  • Excellent quantitative, communication, and time management skills

  • BA/BS degree required

  • Position may be filled in either Jersey City, NJ or Chicago, Illinois


Why Lord Abbett?

Lord Abbett is a leading global independent, privately held investment management company. We are active managers and invest where we believe we have a repeatable edge and can deliver alpha for our clients. Our vision is to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility. This inspires the three pillars of our culture.



  • Principles-Based - We empower our leaders to create an environment of trust.

  • Performance-Oriented - We inspire our people to embody our values, excellence, responsibility, transparency & collaboration.

  • Purpose-Driven -We instill a passion for always putting our clients' interests first.


We have been ranked #1 in Barron’s Best Fund Families for 2024 and have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments for five consecutive years.


Compensation Information:Annual base salary for this role is$170,000-$190,000. Salary is estimated for this role. Actual pay may be different.


Discretionary Bonus:Role may be eligible to receive an annual discretionary bonus. Discretionary bonuses are determined by several factors including, but not limited to, firm, team, and individual performance.


Benefits:Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, competitive health and well-being plans. To learn more about what we offer, please visitCareers | Lord Abbett


Lord Abbett is an equal employment opportunity employer.We are committed to providing equal employment opportunities to all qualified individuals without regard to the following legally protected characteristics: race, color, religion, sex, pregnancy, national origin, age, physical or mental disability, marital status, sexual orientation, sexual identity, caregiver status, military/veteran status, or any other characteristic protected by local, state or federal law.All employment decisions at Lord Abbett are based solely on the applicant’s relevant experience, skills and qualifications.


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