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Credit Analyst Jobs in Springfield, IL (NOW HIRING)

Springfield Clinic

Financial Analyst

Springfield, IL · On-site

$63K - $95K/yr

The Financial Analyst is responsible for assistance in completion of special financial projects, analyses, and feasibility studies. General duties include performing research, systems overviews, and ...

Springfield Clinic

Financial Analyst

Springfield, IL

The Financial Analyst is responsible for assistance in completion of special financial projects, analyses, and feasibility studies. General duties include performing research, systems overviews, and ...

defi AUTO LLC

Sales & Property Tax Analyst

Springfield, IL · On-site

$59K - $60K/yr

Our customers include the highest-volume captive auto lenders, banks, credit unions, and finance ... As a Sales & Property Tax Analyst, you will be responsible for the processing of all property tax ...

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Horace Mann

Financial Analyst II

Springfield, IL · Hybrid

$66K - $92K/yr

Financial Analyst II Location: Springfield, IL (hybrid position with 2-3 days in-office required) Position Summary Supports financial planning, budgeting, forecasting, and business analysis ...

Horace Mann

Financial Analyst II

Springfield, IL · On-site

Responsible for analyzing business performance, preparing financial models, and communicating results to leadership while driving process improvements and maintaining strong financial controls.

Horace Mann

Financial Analyst II

Springfield, IL · On-site

$66K - $92K/yr

Financial Analyst II Location: Springfield, IL (hybrid position with 2-3 days in-office required) Position Summary Supports financial planning, budgeting, forecasting, and business analysis ...

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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 Jul 2, 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.

Will AI replace credit analyst?

AI can automate routine tasks such as data analysis and credit scoring for credit analysts, increasing efficiency. However, the role of a credit analyst also involves judgment, relationship management, and understanding complex financial situations, which are less easily replaced by AI. Therefore, AI is more likely to augment rather than fully replace credit analysts in the near future.

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 are also important; some roles may require relevant certifications such as the CFA or credit-specific training.

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.

What exactly does a credit analyst do?

A credit analyst evaluates the creditworthiness of individuals or businesses by analyzing financial statements, credit reports, and other relevant data. They assess the risk of lending money or extending credit, often using financial modeling and tools like spreadsheets, to help organizations make informed lending decisions. Strong analytical skills and knowledge of credit policies are essential for this role.

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 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.

Are credit analysts paid well?

Credit analysts typically earn competitive salaries that vary based on experience, location, and industry. 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 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.

More about Credit Analyst jobs
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 June 2026, with employment types broken down into 1% As Needed, 53% Full Time, 43% Part Time, 2% Temporary, and 1% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $61,689 per year, or $29.7 per hour.
Supervisory Management and Program Analyst

Supervisory Management and Program Analyst

US Department of the Treasury

Springfield, IL • On-site

$125K/yr

Other

Posted 17 days ago

U.S. Department Of The Treasury rating

8.2

Company rating: 8.2 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

223rd of 668 rated public administrative organizations

Job description

WHAT IS Chief Risk and Control Officer?

A description of the business units can be found at: https://www.jobs.irs.gov/about/who/business-divisions
  • Position(s) are to be filled in following area(s):
    • CRCO - Enterprise Control and Compliance Oversight

REVIEW THE ADDITIONAL INFORMATION BELOW FOR FURTHER DETAILSQualifications:

Federal experience is not required. Experience may have been gained in the public sector, private sector or through Volunteer Service. One year of experience refers to full-time work; part-timework is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week, on your resume.
You must meet the following requirements by the closing date of this announcement:
QUALIFICATION REQUIREMENTS: To qualify for this position, you must meet the qualification requirements outlined below:
Specialized Experience:
You must have one (1) year of specialized experience at a level of difficulty and responsibility equivalent to the next lower level within the payband or GS grade in the normal line of progression in the Federal service that demonstrates the required managerial skills and technical competence required to perform the job. To be qualifying for this position your experience must include:

  • Experience that demonstrated management/leadership experience such as applying management techniques, methods, theories, principles, or labor relations concepts for the accomplishment of all program objectives with combined technical and administrative oversight. This experience may have been gained through work experience as a project/program manager, team lead or project/program lead, technical advisor, or senior specialist/analyst that included managing resources, providing support to managers, mentoring team members, providing day to day guidance training and/or oversight of peers or others.
  • Experience applying regulations, other official guidance, and principles, including the latest procedures and techniques sufficient to oversee the planning, development, and implementation of the technical aspects of programs specific to the position being filled.
  • Experience applying communicative techniques to effectively and diplomatically interact with internal and external customers.
  • Applying qualitative and quantitative analytical and evaluative methods and techniques to conduct complex studies, assess program performance, analyze organizational issues for improvement.
  • Developing data-driven recommendations supporting the successful execution of competing high-priority projects and initiatives.
  • Applying audit and risk management principles, frameworks, tools, and best practices to oversee, implement, and monitor corrective action activities, policy and training programs, and related reporting processes.
  • Evaluating audit findings and risk mitigation efforts to ensure compliance, strengthen internal controls, and support program effectiveness.
  • Preparing clear and concise written reports, briefings, presentations, correspondence, and communicating information to managers, employees, and stakeholders to facilitate informed decision-making, collaboration, and successful project outcomes.

AND
You must also meet the following requirement(s):

  • TIME AFTER COMPETITIVE APPOINTMENT (TACA): By the closing date (or if this is an open continuous announcement, by the cut-off date) specified in this job announcement, current civilian employees must have completed at least 90 days of federal civilian service since their latest non-temporary appointment from a competitive referral certificate, known as time after competitive appointment. For this requirement, a competitive appointment is one where you applied to and were appointed from an announcement open to "All US Citizens".

For more information on qualifications please refer to OPM's Qualifications Standards.
Go to Understanding the IRS Paybands for GS/IR conversion.

Education:A college or university degree generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. For a list of schools which meet these criteria, please refer to Department of Education Accreditation page.
FOREIGN EDUCATION: Education completed in foreign colleges or universities may be used to meet the requirements. You must show proof the education credentials have been deemed to be at least equivalent to that gained in conventional U.S. education program. It is your responsibility to provide such evidence when applying. Click here (Section 3, Explanation of Terms) or here for Foreign Education Credentialing instructions.
We recommend choosing an evaluator from a member organization of one of the following national associations of credential evaluation services: National Association of Credential Evaluation Services (NACES) or Association of International Credentials Evaluators (AICE).Employment Type: OTHER

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