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Credit Analyst Jobs in Springfield, IL (NOW HIRING)

Bank Of Springfield

Credit Analyst

Springfield, IL · On-site

$45K - $55K/yr

Credit Analyst About the Role: As a Credit Analyst, your main responsibility will be to assess the creditworthiness of individuals and businesses applying for loans. You will analyze financial data ...

United Community Bank

Credit Review Manager

Chatham, IL · On-site

Prepare written analyses on all large loans, large aggregate lending to one borrower, complex loans ... Credit review examiner in charge experience preferred * 2 years of prior management experience ...

United Community Bank

Credit Review Manager

Chatham, IL

$110K - $150K/yr

Prepare written analyses on all large loans, large aggregate lending to one borrower, complex loans ... Credit review examiner in charge experience preferred * 2 years of prior management experience ...

United Community Bank

Credit Review Manager

Chatham, IL · On-site

$110K - $150K/yr

Prepare written analyses on all large loans, large aggregate lending to one borrower, complex loans ... Credit review examiner in charge experience preferred * 2 years of prior management experience ...

Memorial Health

Credit/ Refund Specialist

Springfield, IL · On-site

$18.34 - $28.42/hr

Identifies and researches the basis for credit amounts due on the more complex patient health ... May assist with special projects, analyses, or audits. * As directed and defined by management ...

Memorial Health

Credit/ Refund Specialist

Springfield, IL · On-site

$18.34 - $28.42/hr

Identifies and researches the basis for credit amounts due on the more complex patient health ... May assist with special projects, analyses, or audits. * As directed and defined by management ...

State of Illinois

Research Analyst

Springfield, IL

... credit, noncredit, and continuing education courses. Illinois is home to 45 colleges in 39 ... Research Analyst The Research Analyst supports the Illinois Community College Board's data ...

State of Illinois

Research Analyst

Springfield, IL · On-site

... credit, noncredit, and continuing education courses. Illinois is home to 45 colleges in 39 ... Research Analyst The Research Analyst supports the Illinois Community College Board's data ...

State of Illinois

Research Analyst

Springfield, IL

... credit, noncredit, and continuing education courses. Illinois is home to 45 colleges in 39 ... Research Analyst The Research Analyst supports the Illinois Community College Board's data ...

Farm Credit Illinois

AVP/VP, Lending

Taylorville, IL

... credit packages through financial analysis and collaboration with Credit Services and loan committees Close loans by ensuring accuracy and adherence to credit standards while delivering a positive ...

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All JobsCredit Analyst JobsCredit Analyst Jobs in Springfield, IL

Credit Analyst information

See Springfield, IL salary details

$15

$29

$48

How much do credit analyst jobs pay per hour?

As of Aug 18, 2026, the average hourly pay for credit analyst in Springfield, IL is $29.66, according to ZipRecruiter salary data. Most workers in this role earn between $22.88 and $33.37 per hour, depending on experience, location, and employer.

What does a credit analyst do?

A Credit Analyst evaluates the creditworthiness of individuals or businesses applying for loans or credit. They review financial statements, credit reports, and economic conditions to assess the risk of lending money. Based on their analysis, they make recommendations to approve or deny credit applications and may suggest terms for repayment. Their work helps financial institutions minimize losses and make informed lending decisions.

What does a credit analyst do?

As a credit analyst, you evaluate customer credit history to determine the risk level for giving out loans or lines of credit to clients. You’ll use statistical software to help you decide which clients are eligible for loans and which ones aren’t. Your job duties include analyzing your clients’ financial statements and credit history, establishing credit limits, informing clients of payment policies, and resolving disputes. Your decisions impact whether the bank or financial institution you work for makes money or loses money, so your responsibilities make you a crucial part of the team.

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

To thrive as a Credit Analyst, you need strong analytical skills, financial acumen, and typically a degree in finance, accounting, or a related field. Proficiency in financial modeling, Microsoft Excel, and experience with credit risk assessment software such as Moody’s or S&P Global Market Intelligence are highly valued. Excellent attention to detail, effective communication, and sound judgment are essential soft skills for assessing clients and presenting findings. These abilities ensure accurate credit evaluations, mitigate risk, and support informed lending decisions.

What are the typical challenges a credit analyst faces when evaluating complex loan applications?

Credit Analysts often encounter challenges such as incomplete financial information, inconsistent documentation, and the need to assess risk in rapidly changing market conditions. Evaluating applicants from diverse industries may require specialized knowledge to accurately interpret financial statements and cash flow projections. Strong analytical skills and effective communication with both clients and internal stakeholders are essential to resolve ambiguities and ensure sound credit decisions.

What is the difference between Credit Analyst vs Loan Officer?

AspectCredit AnalystLoan Officer
Required CredentialsBachelor's degree in finance, accounting, or related field; certifications like CFA or credit analysis coursesBachelor's degree in finance, business, or related; often requires mortgage or loan origination licenses
Work EnvironmentOffice setting, analyzing financial data, assessing creditworthinessOffice or branch, meeting clients, processing loan applications
Employer & Industry UsageBanks, credit unions, financial institutionsBanks, mortgage companies, credit unions

While both roles involve financial assessment, a Credit Analyst primarily evaluates credit data to determine risk, whereas a Loan Officer interacts directly with clients to approve and process loan applications. Understanding these differences helps in choosing the right career path or job search focus.

Are credit analysts paid well?

Credit analysts typically earn a competitive salary that varies based on experience, education, and location. According to industry data, the median annual wage for credit analysts is around $70,000, with higher earnings possible for those with advanced certifications or in senior roles. The profession often offers opportunities for bonuses and career advancement.

What qualifications do you need to be a credit analyst?

To become a credit analyst, candidates typically need a bachelor's degree in finance, accounting, economics, or a related field. Strong analytical skills, proficiency with financial analysis tools, and knowledge of credit reporting and risk assessment are also important. Some roles may require relevant certifications such as the Chartered Financial Analyst (CFA) or Credit Risk Certification.
More about Credit Analyst jobs

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

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

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

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

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

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

Credit Analyst jobs near you
Infographic showing various Credit Analyst job openings in Springfield, IL as of August 2026, with employment types broken down into 83% Full Time, 16% Part Time, and 1% Contract. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $61,689 per year, or $29.7 per hour.

Credit Analyst

Bank Of Springfield

Springfield, IL • On-site

$45K - $55K/yr

Full-time

Posted 13 days ago

Job description

Credit Analyst


About the Role:

As a Credit Analyst, your main responsibility will be to assess the creditworthiness of individuals and businesses applying for loans. You will analyze financial data, review loan documentation, and evaluate the overall credit risk. By conducting thorough credit analysis, you will help the organization make informed decisions regarding loan approvals and terms. Your expertise in credit management and financial statement analysis will be crucial in identifying potential risks and ensuring the organization's loan portfolio remains healthy. Ultimately, your role will contribute to the organization's financial stability and growth.


Essential Duties and Responsibilities:

  • Analyzes complex financial standing of customers and prospects.
  • Forecasts trends based on detailed financial and industry data.
  • Uses a variety of source material including outside analyst's reports to analyze and recommend courses of action with regard to a customer's credit portfolio.
  • Identify potential problems and/or weaknesses of a company by virtue of a high level of analytical expertise in examining spreads.
  • Assures compliance with loan conditions, collateral and financial covenant requirements.
  • Utilizes and maintains a tracking system.
  • Maintains customer files, covenant compliance records and other required internal records.
  • Other duties as assigned.

Qualifications:

  • Bachelor’s degree in business, finance or accounting is required.
  • Previous credit experience is preferred but not required.
  • Excellent communication and customer service skills.
  • Ability to multi-task and adapt to change.
  • Knowledge of Microsoft Office products (primarily Excel, Word and Outlook).
  • Ability to assume responsibility, excellent problems solving skills and exercise good judgment making decisions.

Benefits May Include the Following:

https://www.bankwithbos.com/careers/

Salary Range:

The salary range for this position is $45,000.00- $55,000.00/year, depending on experience and qualifications. In addition to the base salary, compensation may include bonuses, benefits, and other incentives.


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