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Credit Manager Jobs in Springfield, IL (NOW HIRING)

Bank Of Springfield

Credit Analyst

Springfield, IL · On-site

$45K - $55K/yr

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 ...

United Community Bank

Credit Review Manager

Chatham, IL

$110K - $150K/yr

Under the direction of the Chief Credit Officer the Credit Review Manager will be responsible for overseeing portfolio level credit risk assessments. They will ensure loan portfolios comply with ...

United Community Bank

Credit Review Manager

Chatham, IL · On-site

$110K - $150K/yr

Under the direction of the Chief Credit Officer the Credit Review Manager will be responsible for overseeing portfolio level credit risk assessments. They will ensure loan portfolios comply with ...

Nutrien

Crop Consultant

Morrisonville, IL · On-site

Provide necessary information to Credit Manager in order to choose credit limits * Collect outstanding accounts receivables from customers * Perform other duties as assigned What You'll Bring:

CREDIT UNION 1

Relationship Banker

Springfield, IL

$18 - $22.50/hr

Livongo Diabetes Management Program * Career growth opportunities it's our philosophy to promote from within whenever possible. Credit Union 1 is committed to your success and professional ...

Farm Credit Illinois

AVP/VP, Lending

Taylorville, IL · On-site

... manages an 8 billion loan portfolio, sells 1.5 million acres of crop insurance coverage, and employs approximately 300 staff in the Mahomet headquarters and 14 regional offices. The U.S. Farm Credit ...

Farm Credit Illinois

AVP/VP, Lending

Taylorville, IL · On-site

... manages an $8 billion loan portfolio, sells 1.5 million acres of crop insurance coverage, and employs approximately 300 staff in the Mahomet headquarters and 14 regional offices. The U.S. Farm Credit ...

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Showing results 1-20

All JobsCredit JobsCredit Manager JobsCredit Manager Jobs in Springfield, IL

Credit Manager information

See Springfield, IL salary details

$25.3K

$67.1K

$127.9K

How much do credit manager jobs pay per year?

As of Aug 12, 2026, the average yearly pay for credit manager in Springfield, IL is $67,057.00, according to ZipRecruiter salary data. Most workers in this role earn between $35,700.00 and $91,700.00 per year, depending on experience, location, and employer.

What are some typical challenges credit managers face when assessing credit risk, and how can these be addressed?

Credit Managers often face the challenge of gathering sufficient and reliable financial data to accurately assess the creditworthiness of clients, especially with new or small businesses. Balancing the need for thorough risk analysis with maintaining positive customer relationships is also crucial. To address these challenges, Credit Managers use robust credit scoring systems, maintain clear communication with clients, and stay updated on industry trends to refine their risk assessment strategies. Collaboration with sales and finance teams is essential to align credit policies with organizational goals while minimizing exposure to bad debt.

What does a credit manager do?

A credit manager works in the banking industry or for a lending organization. Their job responsibilities include underwriting or evaluating requests for credit using credit scores, projected profits and losses, and risk factors. People in credit management are responsible for accepting or rejecting loan applications based on these criteria and have the authority to oversee the company’s lending process. The job duties of a credit manager also include creating models to assess creditworthiness, as their ultimate goal is to reduce loss and increase profits from lending. Alternatively, a credit manager can work for a seller, typically a business-to-business or B2B organization, granting trade credit to buyers. Credit managers are responsible for creating models or criteria to assess the creditworthiness of buyers, creating discount or incentive programs for early payment, and managing the credit department of the company. They may also be responsible for credit accounting and collections. Career qualifications include a bachelor’s degree in accounting, business, or a related field.

What is the difference between Credit Manager vs Credit Analyst?

AspectCredit ManagerCredit Analyst
CredentialsBachelor's degree; often certifications like CAM, CCRABachelor's degree; often certifications like CAM, CCRA
Work EnvironmentOversees credit policies, manages teams, interacts with senior managementAnalyzes credit data, assesses risk, prepares reports
Employer & IndustryFinancial institutions, corporations, credit agenciesFinancial institutions, credit bureaus, lending companies

The Credit Manager focuses on overseeing credit policies, managing credit teams, and making high-level credit decisions. In contrast, the Credit Analyst primarily analyzes credit data, assesses risk, and prepares reports to support credit decisions. Both roles require similar credentials and often work within the same industries, but their responsibilities differ in scope and focus.

What does a credit manager do?

A Credit Manager is responsible for overseeing a company's credit policies, assessing the creditworthiness of potential customers, and managing the process of granting credit and collecting payments. They analyze financial data, set credit limits, and help minimize financial risk to the organization. Credit Managers also work closely with sales and accounting teams to ensure that credit terms are followed and that outstanding debts are collected efficiently.
More about Credit Manager jobs
What are the most commonly searched types of Credit jobs in Springfield, IL? The most popular types of Credit jobs in Springfield, IL are:
What job categories do people searching Credit Manager jobs in Springfield, IL look for? The top searched job categories for Credit Manager jobs in Springfield, IL are:
What cities near Springfield, IL are hiring for Credit Manager jobs? Cities near Springfield, IL with the most Credit Manager job openings:
Credit Manager jobs near you
Infographic showing various Credit Manager job openings in Springfield, IL as of August 2026, with employment types broken down into 1% As Needed, 76% Full Time, 22% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $67,057 per year, or $32.2 per hour.

Credit Analyst

Bank Of Springfield

Springfield, IL • On-site

$45K - $55K/yr

Full-time

Posted 7 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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