Credit Analyst I

Byline Bank; Chicago (IL); Hybrid; USD 61,000 - 76,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

Disability insurance

401k

Job summary

Byline Bank in Chicago seeks a Credit Analyst I to prepare client credit files and assist with loan approvals. You will run credit reports, analyze financial statements, and support the underwriting process across commercial lending teams.

Ideal candidates have a Bachelor’s in Accounting or Finance and 2+ years of credit experience, with strong analytical and communication skills. This position offers hybrid work and competitive compensation.

Qualifications

• Bachelor's degree in Accounting or Finance preferred.
• 2+ years of credit experience, ideally in a public company with at least 1,000 employees.
• 2+ years of credit analyst experience.
• Ability to work collaboratively with a variety of stakeholders at all levels.
• Be self-motivated and an effective time and project manager with a strong attention to detail.
• Strong change management, organizational and planning capabilities.

Responsibilities

• Runs Credit Bureaus, Paynet and Lexis Nexis and OFAC reports.
• Provides timely communications & decisions making to sales reps/teams.
• Helps perform commercial credit analysis by reviewing items including credit reports, financial statements and tax returns, appraisals, property inspections and environmental reports to complete loan presentations for approval consideration by the appropriate approval authority.
• Analyzes spreads of a company’s financial statements to determine credit strengths and weaknesses (debt-service, current assets, leverage, cash flow, fixed charge coverage, acid test).
• Updates credit on existing files.
• Prepares vendor files for review by manager.
• Assists other departments with their duties.
• Provides office support including data entry, calls, and filing.
• Assists with final funding reconciliation in Vendor Services.

Skills

Collaborative work

Attention to detail

Time management

Communication skills

MS Office proficiency

Education

Bachelor's degree in Accounting or Finance

Tools

LexisNexis

OFAC

Paynet

Job description

Salary Range: $61,000.00 To $76,000.00 Annually

About Byline Bank

Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.9 billion in assets and operates over 40 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing and U.S. Small Business Administration loans. Byline Bank is a member of FDIC and an Equal Housing Lender.

At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:

• U.S. News & World Report’s Best Companies to Work for in the Midwest 2024-2025, 2025-2026 and Best Companies to Work for in Finance and Insurance & Overall 2025-2026.
• Newsweek’s America’s Greatest Midsize Workplaces for Women 2026
• Best Companies Group’s Best Remote and Hybrid Workplaces in America 2026
• Chicago Sun Times Chicago’s Best Workplaces 2024, 2025
• Best Companies Group and Illinois SHRM (Society for Human Resource Management) Best Workplaces in Illinois 2024, 2025, 2026

By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.

Objective of Position

The Credit Analyst I prepares prospective and current client credit files for review and approval upon receipt of a credit request/application.

Duties and Responsibilities

• Runs Credit Bureaus, Paynet and Lexis Nexis and OFAC reports.
• Provides timely communications & decisions making to sales reps/teams.
• Helps perform commercial credit analysis by reviewing items including, but not limited to credit reports, personal and business financial statements and tax returns, appraisals, property inspections and environmental reports to complete loan presentations for approval consideration by the appropriate approval authority.
• Helps prepare and analyzes spreads of a company’s financial statements to determine overall credit strengths and weakness of potential commercial credit customers. Analysis includes, but is not limited to debt-service ratio, current assets ratio, leverage ratios, cash flow analysis, fixed charge coverage and acid test ratio.
• Updates credit on existing files.
• Prepares vendor files for review by manager.
• Assists other departments with their duties.
• Provides additional office support, including data entry, answering incoming calls, and filing.
• Assists with the preparation of the final funding reconciliation in Vendor Services.
• All other duties as assigned.

Note: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

Qualifications

• Bachelor’s degree in Accounting or Finance preferred.
• 2+ years of credit experience, ideally in a public company with at least 1,000 employees.
• 2+ years of credit analyst experience.
• Ability to work collaboratively with a variety of stakeholders at all levels.
• Be self-motivated and an effective time and project manager with a strong attention to detail.
• Have strong change management, organizational and planning capabilities.
• Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects and implement high quality solutions.
• Demonstrate strong organizational skills and analytical skills with the ability to directly manage and communicate multiple projects and priorities depending on organizational needs and strategies.
• Possess strong communication skills both verbally and in writing.
• Proficiency in MS Office Suite.

Physical Demands/Work Environment

Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.

At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.

Compensation & Benefits

Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.

The salary range for this position is between $61,000 to $76,000 + incentive.

• medical coverage, dental, vision, disability, 401k, paid time off and much more
• Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs
• The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.

Additional Information

Byline Bank is an Equal Opportunity Employment / Affmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.

All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.

Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-475-2900, Option #2.

If applying within the US, this role is not eligible for visa sponsorship now or in the future.