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Associate Credit Jobs in Plainfield, IL (NOW HIRING)

CIM Group, LP

Associate, Credit Analysis

Chicago, IL · On-site

Present written analysis on individual credits including but not limited to; identification of strengths/weaknesses, mitigants to weaknesses, business outlook, industry dynamics, company management ...

CIM Group, LP

Associate, Credit Analysis

Chicago, IL · On-site

Present written analysis on individual credits including but not limited to; identification of strengths/weaknesses, mitigants to weaknesses, business outlook, industry dynamics, company management ...

CIM Group, LP

Associate, Credit Analysis

Chicago, IL · On-site

Present written analysis on individual credits including but not limited to; identification of strengths/weaknesses, mitigants to weaknesses, business outlook, industry dynamics, company management ...

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Associate Credit information

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$9

$25

$62

How much do associate credit jobs pay per hour?

As of Aug 25, 2026, the average hourly pay for associate credit in Plainfield, IL is $25.01, according to ZipRecruiter salary data. Most workers in this role earn between $15.91 and $26.01 per hour, depending on experience, location, and employer.

What is an associate credit?

Associate Credit professionals are entry- to mid-level employees who work in financial institutions or corporate finance teams, focusing on assessing the creditworthiness of individuals or companies. Their responsibilities often include analyzing financial statements, preparing credit reports, assisting in loan underwriting, and monitoring existing credit portfolios. They play a crucial role in ensuring that lending decisions are based on sound financial analysis and risk assessment. Associate Credit professionals typically work under the supervision of senior credit analysts or managers and may interact with clients to gather necessary financial information.

What is a credit associate?

A credit associate or analyst determines whether or not clients are good candidates for credit cards, loans, or financing options. Credit associate jobs are found in the banking industry and other corporate settings that provide financial services, like vehicle dealerships. Job duties include gathering data about potential clients, analyzing their financial information, and making a recommendation about their credit risk. The qualifications for this career are a bachelor’s degree in accounting or finance, experience in the financial industry, and quantitative analysis skills.

What are the key skills and qualifications needed to thrive as an associate credit?

To thrive as an Associate Credit professional, you need strong analytical skills, attention to detail, and a solid understanding of financial principles, typically backed by a degree in finance, accounting, or a related field. Proficiency with credit analysis tools, financial modeling software, and CRM systems is often required. Excellent communication, problem-solving abilities, and teamwork are essential soft skills for effectively collaborating with clients and internal teams. These competencies ensure accurate credit assessments, risk management, and the building of strong client relationships, all of which are critical for organizational success.

What are some common challenges faced by an associate credit, and how can they be overcome?

Associate Credit professionals often encounter challenges such as analyzing complex financial data, balancing multiple client accounts, and meeting tight deadlines for credit assessments. Effective time management and strong analytical skills are crucial to handle these tasks efficiently. Collaboration with senior credit analysts and other departments, such as sales or risk management, can provide valuable insights and support. Continuous learning about industry regulations and credit risk models also helps in staying updated and improving performance.

What is the difference between Associate Credit vs Credit Analyst?

AspectAssociate CreditCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; some roles may require certifications like CFA or CPABachelor's degree in finance, accounting, or related field; certifications like CFA are common but not mandatory
Work EnvironmentTypically in banking or financial institutions, working in teams to assess creditworthinessOften in banks, credit bureaus, or financial firms, analyzing data and preparing reports
Employer & Industry UsageUsed by banks, lending companies, and financial institutions for credit assessmentUsed by banks, credit agencies, and financial firms for evaluating credit risk

Both Associate Credit and Credit Analyst roles involve assessing creditworthiness, requiring similar educational backgrounds and working in financial environments. The main difference lies in job scope: Associate Credit often supports credit decision processes, while Credit Analysts perform detailed credit risk analysis and reporting.

More about Associate Credit jobs

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

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

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

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

Associate Credit jobs near you

Associate, Credit Analysis

Chicago, IL • On-site

CIM Group, LP
Finance and Insurance • 1 - 5K employees
Learn more about CIM Group, LPexternal

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 6 days ago

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.
#LI-BL1
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.

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