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Loan Operations Associate Jobs in Chicago, IL (NOW HIRING)

Wintrust

ABL Operations Specialist

Chicago, IL · On-site

$59K - $77K/yr

Promote from within culture The ABL Operations Specialist manages all the daily collateral and loan ... Associate or Bachelor's degree in accounting or related field * 3+ years' banking or asset-based ...

Wintrust

ABL Operations Specialist

Chicago, IL · On-site

$59K - $77K/yr

Promote from within culture The ABL Operations Specialist manages all the daily collateral and loan ... Associate or Bachelor's degree in accounting or related field * 3+ years' banking or asset-based ...

Fifth Third Bank

ABL Associate

Chicago, IL · On-site

... operations and loan system setup and administration. Associates are involved in the deal process, providing key support to enable recommendations on appropriate credit structures, pricing, and ...

Fifth Third

ABL Associate

Chicago, IL · On-site

... and operations and loan system setup and administration.Associates are involved in the deal process, providing key support to enable recommendations on appropriate credit structures, pricing, and ...

Fifth Third

ABL Associate

Rosemont, IL · On-site

... and operations and loan system setup and administration.Associates are involved in the deal process, providing key support to enable recommendations on appropriate credit structures, pricing, and ...

Alliant

Senior Associate Mortgage Closer

Chicago, IL · On-site

$52K - $81K/yr

Provide the team members such as loan officers, borrowers and operations teammates with timely updates while participating in weekly status meetings with respective operations team members.

HUB

Client Onboarding Specialist

Northbrook, IL · On-site

$41.02/hr

We currently have an opportunity for an Operations Associate to join our RPW team. Role Summary We ... and Student Loan Resources Vacation, Holiday, Sick, and Personal Time Off Flexible Work ...

Axos Bank

FVP, ABL Operations

Lombard, IL

$130K - $150K/yr

Collect documents as required in loan agreements * Process draw requests * Manage ongoing ... Lead a high performing organization by engaging associates, setting expectations, holding teams ...

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All JobsLoan Operations Associate JobsLoan Operations Associate Jobs in Chicago, IL

Loan Operations Associate information

See Chicago, IL salary details

$11

$27

$55

How much do loan operations associate jobs pay per hour?

As of Sep 8, 2026, the average hourly pay for loan operations associate in Chicago, IL is $27.06, according to ZipRecruiter salary data. Most workers in this role earn between $18.32 and $31.25 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a loan operations associate?

To thrive as a Loan Operations Associate, you need strong attention to detail, familiarity with loan documentation, and a background in finance or banking, often supported by a relevant degree or experience. Proficiency with loan management software, document imaging systems, and Microsoft Office is typically required. Excellent organizational skills, communication, and the ability to manage multiple deadlines make someone stand out in this role. These skills are crucial to ensure accurate loan processing, regulatory compliance, and efficient support of lending operations.

What are some typical challenges a loan operations associate may encounter, and how are they addressed in the workplace?

Loan Operations Associates often encounter challenges such as managing a high volume of loan documentation, ensuring compliance with lending regulations, and coordinating effectively with multiple departments. To address these, organizations typically provide robust training on internal systems, encourage open communication between teams (like underwriting and servicing), and implement standardized checklists or software to streamline processes. Staying organized and detail-oriented is key, and most teams foster a collaborative environment where associates can seek guidance and share best practices for efficiency.

What is the difference between Loan Operations Associate vs Loan Processor?

AspectLoan Operations AssociateLoan Processor
Primary RoleSupports loan processing, manages documentation, and ensures complianceReviews and verifies loan applications, gathers borrower information
Required SkillsAttention to detail, knowledge of loan systems, communication skillsAnalytical skills, attention to detail, customer service
Work EnvironmentBank or financial institution, office settingBank or mortgage company, office setting
CertificationsOften no specific certification required, familiarity with loan softwareLikely to require mortgage licensing or certifications

While both roles support the loan process, Loan Operations Associates focus on supporting functions, compliance, and documentation management, whereas Loan Processors handle the review and verification of loan applications directly with borrowers. Understanding these differences can help job seekers identify the right position for their skills and career goals.

What does a loan operations associate do?

A loan operations associate manages the processing and administration of loan transactions, ensuring accuracy and compliance with policies. They handle tasks such as verifying documentation, updating loan systems, and coordinating with other departments to facilitate smooth loan servicing. Strong attention to detail and proficiency with loan management software are important for this role.

What are the most commonly searched types of Loan Operations jobs in Chicago, IL?

The most popular types of Loan Operations jobs in Chicago, IL are:

What are popular job titles related to Loan Operations Associate jobs in Chicago, IL?

For Loan Operations Associate jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Loan Operations Associate jobs in Chicago, IL look for?

The top searched job categories for Loan Operations Associate jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Loan Operations Associate jobs?

Cities near Chicago, IL with the most Loan Operations Associate job openings:

Loan Operations Associate jobs near you
Infographic showing various Loan Operations Associate job openings in Chicago, IL as of August 2026, with employment types broken down into 85% Full Time, 12% Part Time, 1% Temporary, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $56,234 per year, or $27 per hour.

ABL Operations Specialist

Wintrust

Chicago, IL • On-site

$59K - $77K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 27 days ago

Wintrust rating

8.0

Company rating: 8.0 out of 10

Based on 20 frontline employees who took The Breakroom Quiz

73rd of 176 rated banks

Job description

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol "WTFC."
Why join us?
  • An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 12 years) and Employee Recommended award by the Globe & Mail (past 6 years)
  • Competitive pay and annual discretionary bonus eligible
  • Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company matches and tuition reimbursement to name a few
  • Family-friendly work hours
  • Promote from within culture

The ABL Operations Specialist manages all the daily collateral and loan analysis for their assigned portfolio of clients.
What You'll Do
  • Serve as the primary borrower contact for all matters relating to collateral operations in conjunction with the Underwriting/Portfolio Manager, who has overall responsibility for the account relationship
  • Review, analyze, and reconcile the borrowing base certificate and supporting documentation to confirm the value of the borrower's collateral
  • Calculate ineligibles and compare to client's calculation as well as identify collateral that may not be eligible for lending
  • Post collateral information from the borrower's reports to the loan system
  • Understand and manage accounts consistent with the Bank approvals and Loan & Security Agreement
  • Advise the Underwriting/Portfolio Manager of reporting inadequacies and problems; under the Underwriting/Portfolio Manager's direction, work with the borrower to resolve these problems
  • Monitor and update ticklers, ensuring client is in compliance with collateral reporting (BBC, AR, AP, Inventory, Financials, etc.)
  • Maintain an effective line of communication with the Underwriting/Portfolio Manager on assigned accounts, and alert them to any unusual trends observed in performing routine job duties
  • Maintain a professional and courteous manner with all borrowers, including assisting borrowers by answering questions and resolving problems promptly
  • Ensure all client information is saved properly on the server
  • Adhere to Bank Compliance policies and procedures
  • Performs all other duties as required

Qualifications
  • Associate or Bachelor's degree in accounting or related field
  • 3+ years' banking or asset-based lending operations experience
  • Must be detail focused and well organized with the ability to multitask
  • Basic understanding of loan documentation
  • Good interpersonal and customer relations skills are required to deal with clients and Underwriting/Portfolio managers
  • Proactive and confident communication skills (both verbal and written) to interact with senior management, clients, attorneys, etc.
  • Ability to work independently and use independent judgment with minimal supervision
  • Strong knowledge of Microsoft Office applications (specifically MS Excel) along with ability to pick up on new systems quickly

Benefits
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long-term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation
The estimated salary range for this role is $59,000-$77,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and experience.
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

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