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Transaction Associate Jobs in Illinois (NOW HIRING)

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Transaction Associate information

See Illinois salary details

$17K

$74.6K

$126.9K

How much do transaction associate jobs pay per year?

As of Sep 6, 2026, the average yearly pay for transaction associate in Illinois is $74,593.00, according to ZipRecruiter salary data. Most workers in this role earn between $46,500.00 and $93,000.00 per year, depending on experience, location, and employer.

What does a transaction associate do?

A Transaction Associate assists with the execution and management of financial transactions, such as mergers, acquisitions, or capital raising activities. They typically support senior members of the team by performing market research, preparing financial models, drafting presentations, and managing documentation. The role requires strong analytical skills, attention to detail, and the ability to communicate effectively with clients and internal teams. Transaction Associates often work in investment banks, private equity firms, or corporate finance departments.

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

To thrive as a Transaction Associate, you need strong analytical abilities, attention to detail, and a background in finance or business, often supported by a relevant degree. Familiarity with financial software, transaction management systems, and proficiency in Excel are typically required, and certifications such as CFA or FINRA registration may be beneficial. Excellent communication, organizational skills, and the ability to multitask help build strong client relationships and ensure accuracy in high-pressure environments. These combined skills are crucial for efficiently processing transactions, minimizing errors, and maintaining client trust in financial operations.

What are some common challenges transaction associates face when supporting high-volume transactions, and how can they effectively manage these situations?

Transaction Associates often handle a large number of transactions daily, which can lead to challenges such as maintaining accuracy under tight deadlines and prioritizing tasks efficiently. To manage these situations, it is important to develop strong organizational skills, leverage available transaction management systems, and communicate proactively with team members. Attention to detail and the ability to stay calm under pressure are key to ensuring that all documentation is processed correctly and client needs are met promptly. Regular training and staying updated on compliance requirements also help Transaction Associates navigate high-volume periods more effectively.

What are the most commonly searched types of Transaction jobs in Illinois?

The most popular types of Transaction jobs in Illinois are:

What cities in Illinois are hiring for Transaction Associate jobs?

Cities in Illinois with the most Transaction Associate job openings:

Transaction Associate jobs near you
Infographic showing various Transaction Associate job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 67% Full Time, 30% Part Time, 1% Temporary, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $74,593 per year, or $35.9 per hour.

Senior Associate, Transaction Advisory Services

Portage Point Partners

Chicago, IL • On-site

$175K - $250K/yr

Full-time

Re-posted 12 days ago

Job description

At Portage Point Partners (Portage Point), you are not a cog in a legacy machine, you are shaping strategy, influencing outcomes and being rewarded for driving impact. Backed by New Mountain Capital, Portage Point is recognized for accelerated growth and is consistently featured in rankings from Inc.5000, The Financial Times and Consulting Magazine. This recognition is a testament to our focus on excellence, intensity and pace and ability to attract blue chip talent committed to delivering best-in-class outcomes. Our cross-functional platform spans the full business lifecycle and offers middle market clients integrated solutions across Transaction Advisory Services (TAS), Valuations (VAL), Transaction Execution Services (TES), Office of the CFO (OCFO), Performance Improvement (PI), Interim Management (IM), Investment Banking (IB) and Turnaround & Restructuring Services (TRS).
The TAS team supports private equity sponsors, lenders and corporates with financial, tax and operational diligence across Mergers & Acquisitions (M&A) and corporate actions. Portage Point's entrepreneurial model empowers TAS team members to lead early and often, delivering value across the deal continuum with speed and precision.
The TAS Senior Associate will assume a wide set of responsibilities across buy and sell side transactions, including financial and business due diligence, making a significant impact in a fast-paced, entrepreneurial environment. This role represents a unique opportunity for highly-motivated professionals to serve private equity, direct lenders and corporate clients to increase value through thoughtful transaction diligence and structuring. Qualified individuals should be prepared to work within a collaborative team environment to assess a business's strengths and weaknesses, identify key risks and potential deal issues and ultimately evaluate the alignment of potential transactions to clients' investment strategies.
Responsibilities
  • Work directly with senior personnel at Portage Point and our clients to develop comprehensive analysis of complex transactional challenges
  • Execute buyside and sell side diligence including but not limited to historical and projected financial and operating trends analysis, quality of earnings analysis, working capital analysis and net debt consideration analysis
  • Draft clear and compelling reports outlining key takeaways and participating in and leading management meetings
  • Review transaction agreements, customer and vendor contracts
  • Collaborate closely with performance improvement, restructuring and investment banking colleagues
  • Manage junior resources on engagements by reviewing their work and supporting their career development
  • Share and manage best practices as well as lead internal trainings where required
  • Support business development, talent acquisition and firm development efforts
  • Contribute to creating a high-performing and inclusive culture

Qualifications
  • Bachelor's degree from a top undergraduate program
  • Located in or willing to relocate to Atlanta, Chicago, Dallas, Los Angeles, Nashville, New York or Philadelphia
  • Invested in a team-based culture motivated to collaborate in office four days per week and willing to work at client sites as needed
  • Three plus years of experience with at least two years of financial due diligence experience within a Big 4 accounting firm
  • Active Certified Public Accountant (CPA) license required
  • Familiarity with Tableau and Alteryx preferred
  • Proficiency in financial modeling including ability to prepare three statement models, dynamic KPI packages and complex ad hoc analysis
  • Ability to successfully work in a small, collaborative team environment
  • Superior written and verbal communication skills, including executive-ready presentation and reporting skills
  • Proven ability to thrive in lean, fast-moving teams
  • High attention to detail, responsiveness and ownership mindset
  • Track record of success in high-pressure, client-facing environments

$175,000 - $250,000 a year
In accordance with pay transparency laws in the City of New York and the State of California, Portage Point provides a good-faith cash compensation range for this position. This range represents the cash compensation (base plus bonus) that the firm reasonably expects to pay upon hire, based on good-faith and reasonable estimate at the time of posting. The final compensation within this range will depend on the candidate's qualifications, education, training, experience and location. In addition to cash compensation, Portage Point may offer comprehensive benefits and equity participation, which are not reflected in the pay range above.
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

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