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Credit Analyst Jobs in Springfield, IL (NOW HIRING)

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Accounts Receivable Manager

Taylorville, IL · On-site

$80K - $90K/yr

Establish credit policies, limits, and risk mitigation practices * Partner with Customer Care and ... Prepare and analyze AR aging, DSO, bad debt reserves, and cash forecasts * Track and report on ...

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Accounts Receivable Manager

Taylorville, IL · Remote

$80K - $90K/yr

Establish credit policies, limits, and risk mitigation practices * Partner with Customer Care and ... Prepare and analyze AR aging, DSO, bad debt reserves, and cash forecasts * Track and report on ...

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Accounts Receivable Manager

Taylorville, IL · On-site

$80K - $90K/yr

Establish credit policies, limits, and risk mitigation practices * Partner with Customer Care and ... Prepare and analyze AR aging, DSO, bad debt reserves, and cash forecasts * Track and report on ...

Hansoninc

Bridge Civil Engineer (EIT)

Springfield, IL · On-site

$76K - $95K/yr

Conduct analysis and design, calculation, preparation of specifications, details, and construction ... For those 6 or fewer credit hours short of the 18 credit hour requirement, proof of class ...

Farnsworth Group

Finance Director

Springfield, IL · On-site

$175K - $215K/yr

Financial Planning & Analysis (FP&A) * Budgeting & Financial Planning * Own and manage the annual ... Partner with banking relationships to manage S-T investments, marketable securities, credit ...

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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.
Virtual Sales (with training)

Virtual Sales (with training)

Fisher Organization

Springfield, IL • On-site

Full-time

Posted 5 days ago

Job description

Fisher Organization is the New England division of American Income Life, committed to protecting members of Labor and Credit Unions and various Associations of New England as well as working families throughout the region. Our goal is to become the premier in-home supplemental insurance company in all of New England while promoting a positive company culture.

Role Description

This is a full-time remote Entry Level Management role for Globe Life American Income Division: Fisher Organization. The Manager will be responsible for day-to-day tasks such as team management, sales and marketing, and business development. This role requires working with cross-functional teams, analyzing performance data, sharing insights, and coordinating with other divisional office stakeholders.

  • Strong leadership and interpersonal skills

  • Excellent communication, both written and verbal

  • Ability to analyze performance data and make informed decisions

  • Experience with sales and marketing is a plus

  • Ability to develop and manage a team

  • Strong problem-solving and critical thinking skills

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