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Senior Credit Risk Analyst Jobs in Urbana, IL (NOW HIRING)

Bankwithbos

Commercial Lending Officer

Champaign, IL · On-site

$75 - $100/hr

Strong knowledge of financial analysis, credit risk assessment, and loan structuring. * Solid understanding of banking regulations and compliance requirements. Responsibilities * Develop and maintain ...

PNC Bank

Relationship Manager I - C&IB

Champaign, IL · On-site

$86K - $143K/yr

Responsible for the origination, financial analysis, negotiation, and documentation of credit and non credit products and services. * Manages risk/return and drives quality for new and/or existing ...

PNC

Relationship Manager I - C&IB

Champaign, IL

$86K - $143K/yr

Responsible for the origination, financial analysis, negotiation, and documentation of credit and non credit products and services. * Manages risk/return and drives quality for new and/or existing ...

Experience Champaign Urbana

Finance Director

Champaign, IL · On-site

$175 - $215/hr

... senior leaders / group leaders. * Develop rolling forecasts and scenario analyses to support ... Captive Insurance & Risk Management * Serve as the primary financial liaison for the organization ...

The General

Senior Commercial Banker

Champaign, IL · On-site

$135K - $182K/yr

... Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans • Structuring, underwriting and presenting loan requests in accordance with ...

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Senior Credit Risk Analyst information

See Urbana, IL salary details

$53.8K

$110.6K

$143.4K

How much do senior credit risk analyst jobs pay per year?

As of Sep 5, 2026, the average yearly pay for senior credit risk analyst in Urbana, IL is $110,554.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,100.00 and $137,900.00 per year, depending on experience, location, and employer.

What are some common challenges faced by a senior credit risk analyst when assessing complex credit portfolios?

Senior Credit Risk Analysts often encounter challenges such as evaluating the risk of diverse and complex credit portfolios, interpreting large volumes of financial data, and staying current with evolving regulatory requirements. Balancing the need for thorough risk assessments with tight deadlines can also be demanding. Additionally, they must effectively communicate their findings and recommendations to stakeholders across departments, ensuring that risk strategies align with the organization’s broader objectives.

What are the key skills and qualifications needed to thrive as a senior credit risk analyst, and why are they important?

To thrive as a Senior Credit Risk Analyst, you need strong analytical skills, a solid understanding of financial statements, and a degree in finance, economics, or a related field. Expertise with risk modeling tools, statistical software (such as SAS or R), and experience with credit risk management systems are typically required. Exceptional attention to detail, critical thinking, and effective communication skills set top performers apart in this role. These skills and qualities are vital for accurately assessing credit risk, making sound recommendations, and supporting organizational financial stability.

How much does a senior credit risk analyst earn?

A senior credit risk analyst typically earns between $70,000 and $120,000 annually, depending on experience, location, and industry. They often require strong analytical skills and proficiency with risk assessment tools and financial modeling.

What does a senior Credit Risk Analyst do?

A senior Credit Risk Analyst evaluates the creditworthiness of individuals or businesses to determine the risk of lending. They analyze financial data, use risk assessment tools, and develop strategies to mitigate potential losses, often working with credit scoring models and regulatory compliance standards.

What is a senior credit risk analyst's salary?

A senior credit risk analyst's salary typically ranges from $70,000 to $120,000 annually, depending on experience, location, and industry. They often require strong analytical skills, knowledge of credit scoring models, and proficiency with risk management tools.

What cities near Urbana, IL are hiring for Senior Credit Risk Analyst jobs?

Cities near Urbana, IL with the most Senior Credit Risk Analyst job openings:

Senior Credit Risk Analyst jobs near you
Infographic showing various Senior Credit Risk Analyst job openings in Urbana, IL as of August 2026, with employment types broken down into 1% As Needed, 85% Full Time, 12% Part Time, and 2% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $110,554 per year, or $53.2 per hour.

Senior Commercial Credit Underwriter

Servbank, sb Inc.

Champaign, IL • On-site

$82K - $96K/yr

Full-time

Re-posted 2 days ago

Key responsibilities

  • Analyze, underwrite, and approve commercial loan requests in accordance with credit policies, regulatory requirements, and risk appetite.

  • Partner with Relationship Managers to assess borrower creditworthiness, structure loans, and prepare credit recommendations.

  • Review supporting documentation, monitor portfolio performance, and ensure compliance with internal policies and regulations.

Job description

Description

The Senior Commercial Credit Underwriter is responsible for analyzing, underwriting, and approving commercial loan requests in accordance with the Bank's credit policies, regulatory requirements, and risk appetite. This role partners closely with Relationship Managers and Credit Officers to assess borrower creditworthiness, structure loans appropriately, and present well-supported credit recommendations for approval.


Who we are:

Iroquois Federal, a division of Servbank, N.A., was founded in 1883 in Watseka, Illinois, under a state charter and a commitment to making a meaningful difference. Over the years, we've grown, expanding to six additional banking offices across welcoming Midwest communities, while staying true to our roots. At every location, you'll find people who understand where you're coming from and are dedicated to helping you reach where you want to go.


Key Responsibilities

  • Underwrite new and existing commercial loan requests, including C&I, commercial real estate (owner-occupied and investor), construction, and participation loans
  • Perform comprehensive financial analysis, including:
  • Spreading and analyzing business and personal financial statements
  • Cash flow and global debt service coverage analysis
  • Collateral and loan-to-value analysis
  • Industry, borrower, and guarantor risk assessment
  • Identify and document policy exceptions, mitigating factors, and credit risks
  • Prepare clear, concise Credit Approval Memos (CAMs) and underwriting narratives for submission to appropriate approval authorities
  • Recommend deal structure, loan terms, covenants, and conditions to mitigate risk
  • Partner with Relationship Managers throughout the loan lifecycle, from application through closing
  • Review appraisals, environmental reports, and third-party documentation as applicable
  • Support loan closing by reviewing final documentation and ensuring credit approval conditions are met
  • Monitor portfolio performance and covenant compliance, as assigned
  • Ensure adherence to all internal policies, regulatory requirements, and fair lending standards
  • Collaborate with credit, legal, loan operations, and risk management teams
  • Contribute to process improvements and support a strong credit culture

Requirements

  • Bachelor's degree in Finance, Accounting, Business Administration, or related field
  • 3-5+ years of experience in commercial credit underwriting, credit analysis, or commercial lending
  • Strong understanding of common commercial loan products, credit structures, and documentation
  • Advanced financial statement and cash flow analysis skills
  • Working knowledge of banking regulations and credit risk management principles
  • Experience preparing and presenting credit memoranda to approval committees preferred

Required Skills

  • Strong analytical, problem-solving, and decision-making skills
  • Excellent written and verbal communication abilities
  • High attention to detail and strong organizational skills
  • Ability to manage multiple priorities in a fast-paced environment
  • Proficiency in Microsoft Excel and Word; experience with loan origination or core banking systems preferred
  • Ability to work independently while collaborating effectively with cross-functional partners

EEO Statement:

We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

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