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Bank Credit Analyst Jobs in Chicago, IL (NOW HIRING)

Commercial Credit Analyst - Community Bank Credit Analysis | Underwriting | Commercial Banking If you enjoy analyzing deals - not just spreading numbers - this could be a strong next step. This ...

Commercial Credit Analyst - Community Bank Credit Analysis | Underwriting | Commercial Banking If you enjoy analyzing deals - not just spreading numbers - this could be a strong next step. This ...

Senior Credit Analyst

Munster, IN · On-site

$71K - $84K/yr

JOB SUMMARY This position works in partnership with the Business Banking team and product partners ... The Senior Credit Analyst is also responsible for the on-going monitoring and risk management of an ...

Senior Credit Analyst

Munster, IN · On-site

$71K - $84K/yr

JOB SUMMARY This position works in partnership with the Business Banking team and product partners ... The Senior Credit Analyst is also responsible for the on-going monitoring and risk management of an ...

Credit Analyst

Chicago, IL · Remote

$40/hr

The Position Our bank client is seeking to fill a Remote 1099/Contract Credit Analyst role. The successful Credit Analyst candidate will be responsible for processing daily credit transactions per ...

Discover a career in banking at Fifth Third Bank. GENERAL FUNCTION: The Credit Analyst II is ... primarily responsible for partnering with Portfolio Managers, supporting the daily duties of ...

Discover a career in banking at Fifth Third Bank. GENERAL FUNCTION: The Credit Analyst II is ... primarily responsible for partnering with Portfolio Managers, supporting the daily duties of ...

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Bank Credit Analyst information

See Chicago, IL salary details

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How much do bank credit analyst jobs pay per hour?

As of May 28, 2026, the average hourly pay for bank credit analyst in Chicago, IL is $30.82, according to ZipRecruiter salary data. Most workers in this role earn between $23.75 and $34.66 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Bank Credit Analyst, and why are they important?

To thrive as a Bank Credit Analyst, you need strong analytical skills, a background in finance or accounting, and a bachelor's degree in a related field. Familiarity with financial modeling software, credit risk assessment tools, and proficiency in Excel and banking systems are typically required. Attention to detail, effective communication, and sound judgment are crucial soft skills for this role. These competencies ensure accurate risk analysis, informed lending decisions, and the overall financial health of the bank.

What are some common challenges faced by Bank Credit Analysts when assessing loan applications?

Bank Credit Analysts often encounter challenges such as evaluating incomplete or inconsistent financial information from applicants, staying updated with rapidly changing market conditions, and balancing risk with business growth objectives. They must also navigate tight deadlines while ensuring compliance with regulatory requirements and internal credit policies. Effective communication with relationship managers and borrowers is crucial to clarify details and deliver thorough, accurate credit assessments.

What does a Bank Credit Analyst do?

A Bank Credit Analyst is responsible for evaluating the creditworthiness of individuals, companies, or organizations applying for loans or credit with a bank. They analyze financial statements, credit reports, and market data to assess the risk involved in lending money. Based on their findings, they make recommendations to approve or deny credit applications, set loan terms, and help the bank manage its credit risk. Their work is crucial in helping banks make informed lending decisions and minimizing potential losses from bad loans.

What is the difference between Bank Credit Analyst vs Commercial Credit Analyst?

AspectBank Credit AnalystCommercial Credit Analyst
Required CredentialsBachelor's degree in finance, accounting, or related field; certifications like CFA or credit analysis coursesBachelor's degree in finance, economics, or related; similar certifications often preferred
Work EnvironmentBanking institutions, retail banking, corporate banking divisionsFinancial services firms, lending departments, or credit agencies
Employer & Industry UsagePrimarily in banks, focusing on individual and corporate clientsIn lending companies or financial institutions assessing business creditworthiness

Both roles involve analyzing credit data and financial statements, but Bank Credit Analysts typically work within banks evaluating loan applications for individuals and businesses, while Commercial Credit Analysts focus more on assessing the creditworthiness of business clients for lending institutions. The skills, credentials, and work environments are quite similar, making these roles closely related but distinct in their specific focus areas.

What job categories do people searching Bank Credit Analyst jobs in Chicago, IL look for? The top searched job categories for Bank Credit Analyst jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Bank Credit Analyst jobs? Cities near Chicago, IL with the most Bank Credit Analyst job openings:
Infographic showing various Bank Credit Analyst job openings in Chicago, IL as of May 2026, with employment types broken down into 75% Full Time, and 25% Part Time. Highlights an 75% In-person, and 25% Hybrid job distribution, with an average salary of $64,107 per year, or $30.8 per hour.
Commercial Credit Analyst

Commercial Credit Analyst

gpac

Downers Grove, IL

Other

Posted yesterday


Job description

Job Description
Commercial Credit Analyst - Community Bank
Credit Analysis | Underwriting | Commercial Banking
If you enjoy analyzing deals - not just spreading numbers - this could be a strong next step.
This opportunity is with a credit-focused community bank where analysts play an active role in evaluating, structuring, and supporting commercial loan transactions.
What This Role Involves
  • Analyzing commercial credit requests and financial statements
  • Assisting with underwriting and loan structuring
  • Working closely with lenders, portfolio managers, and leadership
  • Supporting ongoing portfolio monitoring
Why Analysts Apply
  • Exposure to real deal flow
  • Opportunity to develop underwriting judgment
  • Clear path toward senior analyst, portfolio manager, or lender roles
  • Reasonable expectations and mentorship
Background That Aligns Well
  • Commercial credit or underwriting experience
  • Financial analysis skills
  • Interest in long-term career development in banking

Keywords: Credit Analyst, Commercial Credit Analyst, Credit Underwriter, Banking Analyst, Commercial Lending
Confidential search representing multiple community banks in IL & MI. For more info contact crystal.fryers@gogpac.com
All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations. GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.

GPAC logo

About GPAC

Sourced by ZipRecruiter

GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.

Industry

Recruiting and staffing services

Company size

51 - 200 Employees

Headquarters location

Sioux Falls, SD, US

Year founded

1990