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Entry Level Credit Risk Analyst Jobs in Chicago, IL

Paylocity

Fraud Risk Analyst

Schaumburg, IL · On-site

Position Overview The Fraud Risk Analyst supports the Risk Mitigation team by performing initial ... Coordinate with Customer Support and Credit teams to gather information related to risk cases.

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

The Risk Analyst is responsible gathering and analyzing information in order to underwrite a ... Review Credit Line increase requests and submit recommendations based on completed due diligence.

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

$20.19 - $26/hr

The Risk Analyst is responsible gathering and analyzing information in order to underwrite a ... Review Credit Line increase requests and submit recommendations based on completed due diligence.

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All JobsEntry Level Credit Risk Analyst JobsEntry Level Credit Risk Analyst Jobs in Chicago, IL

Entry Level Credit Risk Analyst information

See Chicago, IL salary details

$38.1K

$117.3K

$203.5K

How much do entry level credit risk analyst jobs pay per year?

As of Jun 14, 2026, the average yearly pay for entry level credit risk analyst in Chicago, IL is $117,314.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,000.00 and $144,700.00 per year, depending on experience, location, and employer.

What are the typical daily responsibilities of an Entry Level Credit Risk Analyst?

As an Entry Level Credit Risk Analyst, your daily tasks typically include gathering and analyzing financial data, evaluating the creditworthiness of loan applicants or counterparties, and preparing risk assessment reports. You'll often assist senior analysts in developing credit risk models and support the credit approval process by summarizing your findings for management review. Collaboration with colleagues in underwriting, portfolio management, and compliance is common, so you'll have the opportunity to learn from various teams. This role provides a solid foundation in risk analysis and offers significant exposure to financial and credit decision-making processes.

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

To thrive as an Entry Level Credit Risk Analyst, you need strong analytical and quantitative abilities, a bachelor's degree in finance, economics, or a related field, and a keen attention to detail. Familiarity with Excel, financial modeling tools, and risk assessment software, as well as knowledge of databases and possibly SAS or Python, is often required. Excellent communication, time management, and problem-solving skills help you interpret data and present findings effectively. These skills ensure accurate risk evaluations, sound decision-making, and effective collaboration within credit risk teams.

What does an Entry Level Credit Risk Analyst do?

An Entry Level Credit Risk Analyst evaluates financial data to assess the creditworthiness of individuals or businesses. They analyze credit reports, financial statements, and payment histories to identify potential risks. Their role supports risk management strategies by helping companies make informed lending or investment decisions. Additionally, they may assist in maintaining risk models and ensuring compliance with internal policies and industry regulations. Strong analytical skills, attention to detail, and proficiency in financial tools are essential for success in this role.

What are the most commonly searched types of Credit Risk Analyst jobs in Chicago, IL? The most popular types of Credit Risk Analyst jobs in Chicago, IL are:
What are popular job titles related to Entry Level Credit Risk Analyst jobs in Chicago, IL? For Entry Level Credit Risk Analyst jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Entry Level Credit Risk Analyst jobs in Chicago, IL look for? The top searched job categories for Entry Level Credit Risk Analyst jobs in Chicago, IL are:
Entry Level Credit Risk Analyst jobs near you
Infographic showing various Entry Level Credit Risk Analyst job openings in Chicago, IL as of June 2026, with employment types broken down into 2% Locum Tenens, 81% Full Time, 15% Part Time, and 2% Nights. Highlights an 94% Physical, 4% Hybrid, and 2% Remote job distribution, with an average salary of $117,314 per year, or $56.4 per hour.

Credit & Collections Analyst

topsproducts

Naperville, IL • Hybrid

Other

Medical, Dental, Vision, Retirement

Posted 27 days ago

Job description

Credit & Collections Analyst

Position Summary

The Credit & Collections Analyst is responsible for managing customer credit risk while driving the timely collection of outstanding receivables. This role is heavily focused on Accounts Receivable performance, cash flow optimization, and minimizing bad debt exposure in a B2B manufacturing environment. The analyst partners closely with Sales and Customer Service to ensure effective credit decisions without disrupting customer relationships.

Key Responsibilities
Credit Analysis & Risk Management

  • Evaluate customer creditworthiness using financial statements, credit reports, and payment history
  • Establish and maintain credit limits, terms, and risk classification
  • Review and approve/reject sales orders held for credit concern
  • Monitor customer accounts for changes in risk profile and recommend appropriate actions

Accounts Receivable Management

  • Actively manage AR aging to ensure timely collection of outstanding invoices
  • Monitor past-due accounts and prioritize collection efforts based on risk and exposure
  • Reconcile customer accounts, investigate discrepancies, and resolve billing disputes
  • Ensure accurate application of payments and proper account maintenance in ERP system

Collections (Primary Focus)

  • Execute proactive collection strategies through calls, emails, and customer outreach
  • Resolve delinquent accounts while preserving customer relationships
  • Escalate high-risk accounts and recommend credit holds or legal action when necessary
  • Collaborate with Sales to resolve disputes impacting payment delays
  • Track and document collection activities and maintain detailed account notes

Reporting & Process Improvement

  • Prepare regular reports on AR aging, delinquency trends, and collection performance
  • Analyze root causes of late payments and recommend process improvements
  • Assist in developing and refining credit and collection policies and procedures


Qualifications

  • Bachelor's degree in finance, accounting, or business-related field (or equivalent experience)
  • 2-5+ years of experience in credit, collections, or Accounts Receivable
    Strong understanding of AR processes, credit risk assessment, and collections strategies 
  • Experience with ERP systems (Microsoft D365 is a plus) and above-average Excel skills
  • Familiarity with credit reporting agencies and tools is a plus


Skills & Competencies

  • Strong collections skills (firm but professional approach)
  • Solid analytical and problem-solving abilities
  • High attention to detail and accuracy in account management
  • Ability to handle difficult conversations and conflict resolution
  • Strong time management and ability to prioritize a high-volume portfolio
  • Collaborative mindset with cross-functional teams (Sales, Customer Service, Finance)


What We Offer

  • Competitive salary and comprehensive benefits package (health, dental, vision, 401(k))
  • Opportunities for professional growth and advancement
  • Collaborative and dynamic work environment
  • Hybrid work schedule (3 days in office/ 2 days remote)
  • Onsite location: Naperville, IL 

Inside (sheltered) 100%

Exempt Status: Hourly / Full-time / Days

Average Hours: 40 hours per week

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