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Credit Risk Contract Jobs in Illinois (NOW HIRING)

Prolift Rigging

Contracts Administrator

Chicago, IL · On-site

$75K - $85K/yr

Complete customer prequalification and vendor set-ups, vendor credit applications and similar ... Provide guidance regarding contract requirements, risk allocation, insurance obligations, and ...

defi AUTO LLC

Contracts Manager

Springfield, IL · On-site

$80K - $95K/yr

Our customers include the highest-volume captive auto lenders, banks, credit unions, and finance ... risk identification/mitigation, contract drafting and negotiating. * Demonstrated ability to ...

Wedbush

Vice President, Market Risk Manager

Chicago, IL · On-site

$125K - $200K/yr

... contracts, margin, risk and Globex credit limits Background in developing and maintaining risk policies, processes, procedures, and standards Execute SQL queries and apply knowledge of database ...

HALO

Director of Financial Operations

Chicago, IL

$110K - $150K/yr

Partner with Sales and Legal on contract terms, collateral, guarantees, and recovery actions. Monitor credit metrics and proactively address emerging risk trends. Accounts Payable Leadership Direct ...

HALO

Director of Financial Operations

Chicago, IL · On-site

$110K - $150K/yr

Partner with Sales and Legal on contract terms, collateral, guarantees, and recovery actions. Monitor credit metrics and proactively address emerging risk trends. Accounts Payable Leadership Direct ...

HALO

Director of Financial Operations

Chicago, IL · On-site

$110K - $150K/yr

Partner with Sales and Legal on contract terms, collateral, guarantees, and recovery actions. Monitor credit metrics and proactively address emerging risk trends. Accounts Payable Leadership Direct ...

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Showing results 1-20

All JobsCredit Risk Contract JobsCredit Risk Contract Jobs in Illinois

Credit Risk Contract information

See Illinois salary details

$48.5K

$105.9K

$177.3K

How much do credit risk contract jobs pay per year?

As of Jul 18, 2026, the average yearly pay for credit risk contract in Illinois is $105,928.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,700.00 and $137,600.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Credit Risk Contract position, and why are they important?

To thrive in a Credit Risk Contract role, candidates should possess strong analytical skills, a background in finance or economics, and experience in credit risk assessment methodologies. Familiarity with risk modeling tools, credit rating systems, and software such as SAS, SQL, or Excel is often required, with certifications like FRM or CFA being advantageous. Excellent attention to detail, effective communication, and the ability to work independently or in cross-functional teams set top performers apart. These competencies ensure accurate risk evaluation, compliance with banking regulations, and sound decision-making in managing organizational credit exposure.

What are some common challenges faced in a Credit Risk Contract role and how can they be managed?

Professionals in Credit Risk Contract positions often encounter shifting market conditions, regulatory changes, and diverse credit portfolios that require ongoing analysis and adaptation. Managing large volumes of complex financial data while meeting tight deadlines can be demanding. Staying proactive by keeping up-to-date with industry trends and regulatory requirements helps mitigate these challenges. Building strong collaborative relationships with stakeholders in lending, compliance, and business teams also plays a crucial role in addressing and solving risk-related issues efficiently.

What is a Credit Risk Contract job?

A Credit Risk Contract job involves assessing and managing the potential risks associated with lending and credit transactions, typically on a temporary or project basis. Professionals in this role analyze financial data, evaluate creditworthiness, and develop risk mitigation strategies to protect the organization from potential losses. They may work with banks, financial institutions, or corporations to ensure compliance with regulations and internal risk policies. This role often requires strong analytical skills, experience in credit risk assessment, and proficiency in financial modeling or risk management tools.

What are the most commonly searched types of Credit Risk jobs in Illinois? The most popular types of Credit Risk jobs in Illinois are:
What are popular job titles related to Credit Risk Contract jobs in Illinois? For Credit Risk Contract jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Credit Risk Contract jobs in Illinois look for? The top searched job categories for Credit Risk Contract jobs in Illinois are:
What cities in Illinois are hiring for Credit Risk Contract jobs? Cities in Illinois with the most Credit Risk Contract job openings:
Credit Risk Contract jobs near you
Infographic showing various Credit Risk Contract job openings in Illinois as of July 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $105,928 per year, or $50.9 per hour.
Contracts Administrator

Contracts Administrator

Prolift Rigging

Chicago, IL • On-site

$75K - $85K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 16 days ago

Job description

ProLift Rigging is a privately owned, purpose-driven industrial construction company that has a unique, opportunistic, and growth-oriented culture.
OUR PURPOSE
To acknowledge and glorify God by living in submission to Him as we steward His resources, giving Him thanks through the meaningful work we do, and directing the profits of our business to the redemptive work He is doing on the earth.
OUR MISSION
To be the best full-service lifting, rigging, and relocation solutions company, enabling total project success for teams that construct, move, or maintain mission-critical plant, machines, and equipment.
Best is:
  • Loyal and growing customers that consider us the best.
  • Aligned, engaged, value-driven, and effective team members doing whatever it takes to achieve our mission.
  • Esteemed by the participants in our industry.
  • High return on capital.

OUR CORE VALUES
  • Safety - Evaluate risk, plan to mitigate it to protect customers, our team, the public, and property.
  • Focus - Focus on the potential of our customers and fellow teammates, working for their success as if our success is on the line.
  • Ingenuity - Think about, discuss, and implement ideas that make us better.
  • Superintend - take seriously the opportunity to wisely invest time, talent, and capital for the benefit of others.
  • Respect - Soberly respect others and the work we do. Both matters.
  • Diligence - Remember that any meaningful goal is achieved through dogged persistence and staying engaged.
  • Teamwork - We are a team that needs each members' contribution to achieve our mission.

JOB SUMMARY
The Contracts Administrator is responsible for reviewing, negotiating, and administering a variety of commercial contracts while ensuring compliance with company policies, legal requirements, and risk management standards. This position serves as a key business partner to Sales, Operations, and Leadership by identifying contractual risks, facilitating negotiations, and supporting the successful execution of customer, subcontractor and supplier agreements.
The Contracts Administrator manages the contract lifecycle from request through execution and administration, ensuring contracts accurately reflect business terms and protect the company's interests.
PRIMARY RESPONSIBILITIES:
  • Support the Contracts Manager in reviewing, analyzing, drafting, and negotiating customer, subcontractor and vendor agreements.
  • Complete customer prequalification and vendor set-ups, vendor credit applications and similar compliance documentation.
  • Prepare contract redlines and coordinate negotiations with customers, suppliers, and business partners.
  • Ensure contracts comply with company policies, risk management standards, and approved contracting guidelines.
  • Escalate non-standard terms, significant risks, and legal concerns to the Contracts Manager and legal counsel, as appropriate.
  • Maintain accurate contract records within the Contract Lifecycle Management (CLM) system.
  • Track contract status, approvals, execution requirements, renewal dates, amendments, and key contractual obligations.
  • Evaluate contractual provisions including:
  • Indemnification
  • Limitation of Liability
  • Insurance Requirements
  • Payment Terms
  • Retainage
  • Warranties
  • Liquidated Damages
  • Confidentiality
  • Termination Rights
  • Dispute Resolution
  • Review insurance requirements and coordinate with internal stakeholders to ensure compliance with company insurance programs.
  • Assist in the development and maintenance of contract templates, playbooks, clause libraries, and guidelines.
  • Support internal compliance initiatives and contract audits as needed.
  • Serve as a contract liaison between Contracts and Sales, Operations, Accounting, and Executive Leadership teams.
  • Provide guidance regarding contract requirements, risk allocation, insurance obligations, and compliance matters.
  • Identify opportunities to improve contract processes, workflows, reporting, and efficiencies.
  • Participate in training initiatives to increase contract awareness and risk management best practices across the organization

KNOWLEDGE, SKILLS, AND ABILITIES:
  • Strong understanding of commercial contracting principles and risk allocation.
  • Working knowledge of:
  • Indemnity provisions
  • Insurance requirements
  • Limitation of liability clauses
  • Payment and retainage provisions
  • Warranty obligations
  • Change order processes
  • Confidentiality agreements
  • Commercial dispute resolution provisions
  • Ability to identify contractual risks and recommend practical business solutions.
  • Strong analytical, negotiation, and problem-solving skills.
  • Excellent written and verbal communication skills.
  • Exceptional attention to detail and organizational abilities.
  • Ability to manage multiple priorities and deadlines in a fast-paced environment.
  • Ability to handle confidential and commercially sensitive information with discretion.
  • Strong interpersonal skills and ability to build effective working relationships across departments.
  • Ability to work independently while contributing as part of a collaborative team.
  • Proficiency in Microsoft Office Suite and Contract Lifecycle Management (CLM) systems such as Agiloft, Ironclad, DocuSign CLM, or similar platforms.

PROLIFT RIGGING OFFERS:
  • Competitive salary
  • Bonus program that pays for performance
  • 401(k)
  • Medical, Dental, and Vision coverage
  • Vacation and Holiday Pay
  • Disability Insurance
  • Life Insurance
  • Other additional personal and professional benefits are available.

Required Qualifications:
  • Minimum of 2 years of experience in contract administration, contract management, legal operations, procurement, project administration, or a related field.
  • Experience reviewing and negotiating commercial agreements preferred.
  • Experience within construction, industrial services, logistics, supply chain, or project-based industries preferred.
  • Must be able to travel domestically up to 15-20% annually.
  • Must possess a valid driver's license and maintain an acceptable driving record.
  • Must successfully pass a background check and drug/alcohol screening.
  • Must be authorized to work in the United States.
  • Must be able to work a minimum of 40 hours per week.
  • Must be able to commute to the Downers Grove, Illinois office.

Education:
  • Bachelor's degree in Business Administration, Legal Studies, Contract Management, Supply Chain, Paralegal Studies, or a related field preferred.
  • Equivalent combinations of education, training, and relevant experience may be considered.
  • Certification as a Notary Public commissioned by the State of Illinois is preferred, but not required

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