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Remote Credit Risk Underwriter Jobs in Illinois (NOW HIRING)

Manulife

Senior Underwriting Consultant

Time, IL · On-site +1

$92K - $109K/yr

This is a remote role open to any location in continental US Manulife is a leading international ... In addition to those performed by Underwriter Consultants - identify and provide solutions to work ...

Manulife

Senior Underwriting Consultant

Tennessee, IL · On-site +1

$94K - $112K/yr

This is a remote role open to any location in continental US Manulife is a leading international ... In addition to those performed by Underwriter Consultants - identify and provide solutions to work ...

Manulife

Senior Underwriting Consultant

Ohio, IL · On-site +1

$93K - $110K/yr

This is a remote role open to any location in continental US Manulife is a leading international ... In addition to those performed by Underwriter Consultants - identify and provide solutions to work ...

Manulife

Senior Underwriting Consultant

Virginia, IL · On-site +1

$96K - $114K/yr

This is a remote role open to any location in continental US Manulife is a leading international ... In addition to those performed by Underwriter Consultants - identify and provide solutions to work ...

CNA

Risk Control Consultant, Virtual Center

Chicago, IL · On-site +1

$72K - $141K/yr

Provides remote risk assessment information on complex accounts to support the underwriting process for prospective, new and renewal accounts. Submits corresponding Risk Control recommendations or ...

Berkley

Sr. Production Underwriting (Remote)

Chicago, IL · On-site +1

$85K - $125K/yr

... remote work arrangements may be considered. To develop, grow and maintain a profitable book of ... Risk Selection: evaluate/assess submitted applications for appetite acceptability; assess risk and ...

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All JobsCredit Risk Underwriter JobsRemote Credit Risk Underwriter JobsRemote Credit Risk Underwriter Jobs in Illinois

Remote Credit Risk Underwriter information

What does a remote credit risk underwriter do?

A Remote Credit Risk Underwriter evaluates loan applications and assesses the creditworthiness of individuals or businesses from a remote location, typically working from home. They analyze financial statements, credit reports, and other relevant data to determine the risk involved in lending money. Their goal is to ensure that loans are only approved for applicants who are likely to repay them, thus minimizing losses for the lender. Remote underwriters use digital tools and platforms to perform their assessments and communicate with colleagues and clients.

What are the key skills and qualifications needed to thrive as a remote credit risk underwriter?

To thrive as a Remote Credit Risk Underwriter, you need strong analytical abilities, knowledge of credit policies, and experience in financial statement analysis, usually backed by a degree in finance, accounting, or a related field. Familiarity with credit risk assessment software, financial modeling tools, and relevant industry certifications such as CRC or CFA is typically required. Outstanding attention to detail, decision-making skills, and effective communication are vital soft skills for collaborating remotely and presenting risk findings. These competencies ensure accurate risk evaluations, minimize financial losses, and maintain strong client and team relationships in a virtual environment.

How does a remote credit risk underwriter typically collaborate with other departments while working off-site?

As a Remote Credit Risk Underwriter, you’ll regularly collaborate with loan officers, sales teams, and compliance staff through digital communication platforms such as email, video conferencing, and specialized underwriting software. Clear and timely communication is essential, since you'll often be relied upon for quick risk assessments and policy clarifications. Many organizations foster teamwork by holding virtual meetings, using project management tools, and maintaining shared digital workspaces to ensure remote underwriters stay connected and aligned with overall business goals.

What is the difference between Remote Credit Risk Underwriter vs Remote Credit Analyst?

AspectRemote Credit Risk UnderwriterRemote Credit Analyst
Primary RoleAssess and approve credit risk for loan applicationsAnalyze credit data to evaluate borrower creditworthiness
Required CredentialsTypically requires underwriting certifications, finance or banking backgroundOften requires finance or accounting background, sometimes certifications
Work EnvironmentCollaborates with underwriters, lenders, and risk teamsWorks with loan officers, clients, and risk management teams
Industry UsageCommon in banking, lending, and financial servicesWidely used in banking, mortgage, and lending sectors

While both roles involve analyzing credit data, the Remote Credit Risk Underwriter primarily makes approval decisions based on risk assessment, whereas the Remote Credit Analyst focuses on evaluating creditworthiness to inform lending decisions. Both roles require financial knowledge and often similar certifications, but their core responsibilities differ in scope and decision-making authority.

What are the most commonly searched types of Credit Risk Underwriter jobs in Illinois?

The most popular types of Credit Risk Underwriter jobs in Illinois are:

What are popular job titles related to Remote Credit Risk Underwriter jobs in Illinois?

For Remote Credit Risk Underwriter jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Remote Credit Risk Underwriter jobs in Illinois look for?

The top searched job categories for Remote Credit Risk Underwriter jobs in Illinois are:

What cities in Illinois are hiring for Remote Credit Risk Underwriter jobs?

Cities in Illinois with the most Remote Credit Risk Underwriter job openings:

Remote Credit Risk Underwriter jobs near you
Infographic showing various Remote Credit Risk Underwriter job openings in Illinois as of August 2026, with employment types broken down into 87% Full Time, and 13% Part Time. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution.

Credit Analyst/Due Diligence Analyst (Hybrid)

Rewards Network

Chicago, IL • On-site, Remote

$28 - $36/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago

Job description

About Rewards Network
Celebrating 41 years in business this year, Rewards Network has helped restaurants increase their revenue, traffic, and customer engagement through our innovative financial, marketing services, and premier dining rewards programs. We connect diners to fantastic restaurant experiences by offering unique card-linked offers. Our offers leverage advanced technology and powerful data analytics, providing value to our restaurants, diners, and strategic partners' loyalty programs.
Our Culture
At Rewards Network, you will find a passionate and diverse group of professionals that enjoy working collaboratively, solving problems, and taking ownership of not only their own careers and success, but the success and continued growth of the organization. We take pride in partnering with the world's most powerful loyalty programs to bring full price paying customers and better ways to access working capital options to local restaurants. We offer a challenging and rewarding environment where you can maximize your potential.
Job Overview
As a member of the Due Diligence team, the Due Diligence Analyst/Underwriter is responsible for the risk assessment and underwriting of Rewards Network's financial services products. This role performs detailed due diligence reviews, leveraging expertise in analyzing financial data and assessing creditworthiness to make informed underwriting decisions. By collaborating closely with nationwide sales teams and other cross-functional departments, the position ensures financial products meet company guidelines, align with risk parameters, and support the organization's strategic objectives.
This is a hybrid position and requires in office presence Tuesday-Thursday at our office in Chicago.
What you'll bring to the table: (Responsibilities)
  • Conduct detailed reviews to evaluate merchants for the cash advance product line in accordance with company guidelines.
  • Analyze financial data, including credit reports, business financial statements, bank statements, and credit card statements to inform underwriting decisions.
  • Assess risk profiles and determine creditworthiness while calculating appropriate approval amounts for each case.
  • Authorize funding approvals within assigned policy limits or provide recommendations for policy exceptions when necessary.
  • Review contract packages to verify accuracy, ensure completeness, and confirm legal compliance.
  • Collaborate with sales teams and cross-functional internal departments to align risk assessments with business objectives.
  • Maintain thorough documentation of due diligence findings and underwriting decisions for compliance and future reference.

Do you have the right mix of ingredients: (Requirements)
  • Strong analytical and problem-solving skills with ability to think outside the box
  • Self-motivated and strong work ethic with the ability to proactively solve problems and make independent decisions
  • Proficiency using database and spreadsheet applications while completing data entry accurately and efficiently (Intermediate MS Excel skills required)
  • Salesforce experience a plus
  • Excellent communication skills, both written and verbal, required to articulate recommendations to various levels of management and negotiate terms with field sales when needed.
  • High School Diploma or Equivalency
  • At least 2-3 years of directly related job experience
  • College Degree in Finance, Economics, Business, or related field preferred
  • Experience in merchant cash advance or loan underwriting preferred

What you'll love about us:
Comprehensive benefits package, which includes:
  • This is a full-time, nonexempt position; the base compensation for this opening is expected to be $28-$36 per hour ($58,240-$74,880 annualized), based on candidate experience, skills, and other factors
  • Competitive Paid Time Off and company holidays
  • Generous dining reimbursement when you dine with our restaurant clients
  • 401(k) plan with a company match
  • Two medical plan options- Standard PPO or High Deductible Health Plan (HSA with company match for HDHP participants)
  • Partnership with Rx n Go, offering certain prescriptions for free
  • Two dental plan options and a vision plan
  • Flexible Spending Accounts and a pre-tax commuter benefit program
  • Accident, Critical Illness, and Hospital Indemnity Insurance Plans
  • Short Term and Long Term disability
  • Company-paid life insurance and AD&D insurance, supplemental employee, spouse, and child life insurance
  • Employee Life Assistance Program
  • Hybrid working space in our state of the art office downtown located by the Metra and Ogilvie train stations
  • Catered lunches provided on Tuesday's in our Chicago office

Rewards Network is an Equal Opportunity Employer (EOE). We encourage and strongly support workplace diversity.
Expected Pay Range
$58,240-$74,880 USD

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