Hybrid Public Sector Loan Program Analyst

Illinois Department of Commerce and Economic Opportunity; Chicago (IL); Hybrid; USD 76,000 - 110,000; Full time

Benefits offered by this job

Pension Program

Flexible Work Schedule

Paid Holidays

Paid Vacation

Parental Leave

Job summary

The Illinois Department of Commerce and Economic Opportunity seeks a Loan Program Analyst (Executive II) to evaluate credit proposals for business access to state credit programs. You will engage lenders, provide technical guidance, and prepare underwriting documentation to support responsible lending decisions.

Ideal candidates bring 2+ years in loan analysis, risk review, and credit memo drafting, with a background in public sector finance.

Qualifications

• Requires two (2) years of responsible administrative experience in a public or business organization.
• Requires two (2) years of progressively responsible experience in commercial lending, credit underwriting, credit or risk analysis, or financial analysis, including review of financial statements, leverage, cash flow, collateral, covenants, and loan structures.
• Requires a minimum of two (2) years of experience drafting internal credit memoranda or equivalent underwriting documents that support credit decision-making, including articulation of risks, mitigants, and structural recommendations in a unit of government.

Responsibilities

• Under general direction, serves as a Loan Program Analyst handling the end-to-end evaluation of credit proposals for businesses to gain access to credit programs offered by the Department of Commerce and Economic Opportunity.
• Provides lender-facing communication, technical assistance, program guidance, and supporting outreach and marketing functions to support the Department’s small business financial assistance programs.
• Prepares internal credit memoranda, presentations, reports, and associated supporting documentation for management and stakeholders to utilize in discussing and determining credit approvals.
• Assists the Loan Program Manager in managing program data and supports the fulfillment of compliance and reporting requirements.

Skills

Credit analysis

Financial analysis

Lending experience

Risk assessment

Education

Four-year college degree

Tools

ERP systems

Job description

The Illinois Department of Commerce and Economic Opportunity seeks a Loan Program Analyst (Executive II) to evaluate credit proposals for business access to state credit programs. You will engage lenders, provide technical guidance, and prepare underwriting documentation to support responsible lending decisions.

Ideal candidates bring 2+ years in loan analysis, risk review, and credit memo drafting, with a background in public sector finance.