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Collateral Analyst Jobs in Illinois (NOW HIRING)

Sauk Valley Bank

Senior Credit Analyst

Harvard, IL · On-site

Conduct thorough financial, cash flow, and collateral analysis of credit requests. Reconcile financial statements and identify discrepancies and variances. Assign risk rating outlining strengths and ...

Sauk Valley Bank

Senior Credit Analyst

Harvard, IL · On-site

$250/hr

Conduct thorough financial, cash flow, and collateral analysis of credit requests. * Reconcile financial statements and identify discrepancies and variances. * Assign risk rating outlining strengths ...

Sauk Valley Bank

Senior Credit Analyst

Sterling, IL

Conduct thorough financial, cash flow, and collateral analysis of credit requests. Reconcile financial statements and identify discrepancies and variances. Assign risk rating outlining strengths and ...

Sauk Valley Bank

Senior Credit Analyst

Sterling, IL · On-site

Conduct thorough financial, cash flow, and collateral analysis of credit requests. Reconcile financial statements and identify discrepancies and variances. Assign risk rating outlining strengths and ...

New

Sauk Valley Bank

Senior Credit Analyst

Harvard, IL

Conduct thorough financial, cash flow, and collateral analysis of credit requests. Reconcile financial statements and identify discrepancies and variances. Assign risk rating outlining strengths and ...

Sauk Valley Bank

Senior Credit Analyst

Harvard, IL · On-site

Conduct thorough financial, cash flow, and collateral analysis of credit requests. Reconcile financial statements and identify discrepancies and variances. Assign risk rating outlining strengths and ...

Sauk Valley Bank

Senior Credit Analyst

Sterling, IL · On-site

Conduct thorough financial, cash flow, and collateral analysis of credit requests. Reconcile financial statements and identify discrepancies and variances. Assign risk rating outlining strengths and ...

Socket.dev

Treasury Ops Analyst

Chicago, IL · On-site

$80 - $100/hr

Manage collateral and cash movements instructed by Global Treasury and Client Service teams ... Strong analytical skills; control-focused mindset; ability to work independently under strict ...

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All JobsCollateral Analyst JobsCollateral Analyst Jobs in Illinois

Collateral Analyst information

See Illinois salary details

$18

$36

$54

How much do collateral analyst jobs pay per hour?

As of Sep 7, 2026, the average hourly pay for collateral analyst in Illinois is $36.94, according to ZipRecruiter salary data. Most workers in this role earn between $26.78 and $50.10 per hour, depending on experience, location, and employer.

What is a collateral analyst?

Collateral Analysts are financial professionals who assess, monitor, and manage the value of assets pledged as collateral for loans or other financial agreements. They ensure that the collateral meets lending requirements, track its value over time, and help mitigate the lender’s risk by verifying that the collateral is sufficient to cover the loan. Their role often involves analyzing financial statements, appraisals, and market trends to make informed recommendations. Collateral Analysts typically work for banks, financial institutions, or lending companies.

What does a collateral analyst do?

A collateral analyst works for a loan company or financial institution. Their primary job duties include reviewing all collateral that is provided by a borrower to secure a potential loan. They consider all of the information provided and ensure that it meets the compliance and financial requirements for a loan. A collateral analyst may also coordinate with credit management if there are outstanding disputes over the collateral. They provide reports on all accounts and maintain a large quantity of documentation.

What are the key skills and qualifications needed to thrive as a collateral analyst, and why are they important?

To thrive as a Collateral Analyst, you need strong analytical skills, attention to detail, and a background in finance, accounting, or a related field—often supported by a relevant degree. Familiarity with financial analysis software, loan management systems, and tools like Excel is typically required, and certifications such as CFA or CPA can be advantageous. Effective communication, problem-solving abilities, and organizational skills help set top performers apart in this role. These competencies are crucial for ensuring accurate collateral valuation and risk assessment, which support sound lending decisions and reduce financial risk for institutions.

What are some common challenges faced by collateral analysts and how can they be addressed?

Collateral Analysts often encounter challenges such as managing large volumes of complex data, keeping up with changing regulatory requirements, and ensuring the accuracy of collateral valuations. To address these, strong attention to detail, proficiency with financial software, and continuous professional development are essential. Regular communication with lending officers, risk teams, and clients also helps in identifying discrepancies early and maintaining compliance with industry standards.

What is the difference between Collateral Analyst vs Credit Analyst?

AspectCollateral AnalystCredit Analyst
Primary FocusEvaluates and manages collateral assets to mitigate risk in lendingAssesses the creditworthiness of borrowers to approve or deny loans
Required CredentialsTypically a bachelor's degree in finance, accounting, or related field; certifications like CFA are a plusSimilar credentials; often holds degrees in finance or economics; certifications like CFA are common
Work EnvironmentFinancial institutions, banks, or investment firmsBanking, financial services, or lending institutions
Common UsageUsed when analyzing collateral assets such as securities or propertyUsed when evaluating overall borrower risk and credit profiles

While both roles require financial analysis skills and similar credentials, Collateral Analysts focus on assessing collateral assets to secure loans, whereas Credit Analysts evaluate the overall creditworthiness of borrowers. Both roles are vital in lending processes within financial institutions.

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Collateral Analyst jobs near you
Infographic showing various Collateral Analyst job openings in Illinois as of August 2026, with employment types broken down into 81% Full Time, 13% Part Time, and 6% Contract. Highlights an 88% In-person, 6% Hybrid, and 6% Remote job distribution, with an average salary of $76,829 per year, or $36.9 per hour.

Credit Analyst - To 80K - Elk Grove Village, IL - Job 3803-147085

The Symicor Group

Elk Grove Village, IL

$80K/yr

Full-time

Re-posted 14 days ago

Job description

Credit Analyst - To $80K - Elk Grove Village, IL - Job # 3803-147085Who We AreThe Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.The PositionOur bank client is seeking to fill a Credit Analyst role in the Elk Grove Village, IL market. The successful Credit Analyst candidate will be responsible for processing daily credit transactions per the credit policy and procedures, maintaining records and files on all credit transactions, including correspondence and documents.This position comes with a generous salary of up to $80K and full benefits package. (This is not a remote position).Credit Analyst responsibilities include:
  • Performing in-depth financial analysis (spreading and analyzing financial statements).
  • Receiving data on prospective and active borrowing accounts, i.e., financial statements, tax returns, agency and credit reports, and interview and investigation sheets.
  • Analyzing data and evaluates the short- and long-run prospects of the individual or company.
  • Making recommendations to appropriate personnel on the granting or denying of loans.
  • Preparing sufficient information to document recommendations, if assigned to a lending function.
  • Suggesting a loan grade after conducting a thorough credit analysis and documentation review.
  • Ensuring that all credit analysis activities are conducted in accordance with prescribed lending policy.
  • Providing thorough documentation of all financial analysis work, including ratios, cash flow, and collateral analysis, and other related information.
  • Accompanying Commercial Lenders on customer's meetings when needed.
  • Providing leadership, on-the-job training, and technical guidance to the other credit analysts.
  • All other duties assigned.
Who Are You?You're someone who wants to influence your own development. You're looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.You also bring the following skills and experience:
  • Bachelor's Degree in a related field of study preferred specialized financial analysis training.
  • Five or more years of experience as a Credit Analyst required.
  • Experienced in preparing credit presentations.
  • Able to manage/process/track annual reviews of the necessary credits.
  • Thorough knowledge of current lending and loan review regulations and banking regulations, procedures, and operations.
  • Proficient ability to analyze and interpret financial statements.
  • Excellent written and verbal communication skills.
  • Strong organizational skills with an eye for detail.
  • Ability to multi-task.
  • Adept with spreadsheet and word processing software as well as have experience working in a digital office environment.
The next step is yours. Email us your current resume along with the position you are considering to:resumes@symicorgroup.com

Apply