Chief Credit Officer - Elgin, IL

Pivotal Solutions; Elgin (IL); On-site; USD 150,000 - 200,000; Full time

Job summary

A financial services company in the Greater Chicago Area is seeking a Chief Credit Officer (CCO) to oversee all aspects of credit operations. This full-time, on-site role involves managing credit risk, developing credit policies, and ensuring compliance. The ideal candidate will have expertise in credit management and a strong background in finance, with at least 10 years of experience in the banking industry. Exceptional leadership and analytical skills are required to drive effective credit strategies that support community banking values.

Qualifications

• Expertise in developing effective credit policies and mitigating risk.
• Strong background in financial analysis and strategic decision-making.
• Experience in underwriting and assessing creditworthiness.

Responsibilities

• Oversee all aspects of credit operations.
• Develop and implement credit policies.
• Manage credit risk and oversee underwriting processes.

Skills

Credit Management

Credit Risk Management

Financial Analysis

Underwriting

Portfolio Management

Leadership

Analytical Skills

Regulatory Compliance

Education

Bachelor’s degree in Finance, Accounting, Business Administration or related field

Master’s degree or advanced certifications

Job description

The Chief Credit Officer (CCO) will oversee all aspects of credit operations. This full-time, on-site position in the Greater Chicago Area involves developing and implementing credit policies, managing credit risk, overseeing underwriting processes, and ensuring regulatory compliance. The CCO will collaborate closely with executive leadership to align credit strategies with overall business goals and maintain a balanced and high-performing loan portfolio. Leadership, strategic decision-making, and deep industry knowledge are critical to driving forward-thinking credit strategies while supporting community banking values.

Qualifications

• Expertise in Credit Management and Credit Risk Management, including the ability to develop and implement effective credit policies to mitigate risk and ensure compliance
• Strong background in Finance, with an understanding of financial analysis and reporting to support strategic decision-making
• Experience in Underwriting and assessing creditworthiness to ensure responsible lending practices
• Proven capabilities in Portfolio Management for maintaining balanced and high-quality loan portfolios
• Exceptional leadership skills with the ability to mentor and lead a team effectively
• Strong analytical and problem-solving skills with a focus on strategic initiatives
• Proficiency in navigating regulatory environments and ensuring compliance with banking regulations
• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field (Master’s degree or advanced certifications preferred)
• Minimum 10 years of experience in credit administration, with at least 5 years in a senior leadership role within the banking industry