LOAN PROGRAM ANALYST

Job Requisition ID: 58985 Opening Date: 10/27/2026 Closing Date: 11/12/2026 Agency: Department of Commerce and Economic Opportunity Class Title: EXECUTIVE II - 13852 Skill Option: None Bilingual Option: None Salary: Anticipated Starting Salary $6,820 monthly; Full Range $6,820- $9,875 monthly Job Type: Salaried Category: Full Time Number of Vacancies: 2 Bargaining Unit Code: RC062 Technical Employees, AFSCME Merit Comp Code: Work Hours: Monday - Friday 8:30am - 5:00pm Anticipated Hybrid Work Schedule Availability: 1 to 5 Days per week in office, depending on operational needs Headquarter Location: 555 W Monroe St, Chicago, Illinois, 60661 Work County: Cook Agency Contact: CEO.HR@illinois.gov ( FOR INQUIRIES ONLY - INTERESTED APPLICANTS MUST APPLY ONLINE )

This position is a union position; therefore, provisions of the relevant collective bargaining agreement/labor contract apply to the filling of this position.

All applicants who want to be considered for this position MUST apply electronically through the illinois.jobs2web.com website. State of Illinois employees should click the link near the top left to apply through the SuccessFactors employee career portal.

Applications submitted via email or any paper manner (mail, fax, hand delivery) will not be considered.

***PLEASE UPLOAD A COPY OF YOUR UNOFFICIAL COLLEGE TRANSCRIPTS FOR VERIFICATION OF COURSEWORK***

Why Work for Illinois?

Working with the State of Illinois is a testament to the values of compassion, equity, and dedication that define our state. Whether you’re helping to improve schools, protect our natural resources, or support families in need, you’re part of something bigger—something that touches the lives of every person who calls Illinois home.

No matter what state career you’re looking for, we offer jobs that fit your life and your schedule—flexible jobs that provide the gold standard of benefits. Our employees can take advantage of various avenues to advance their careers and realize their dreams. Our top-tier benefits and great retirement packages can help you build a rewarding career and lasting future with the State of Illinois.

Position Overview

Join DCEO’s team as a Loan Program Analyst (Executive II) and play a key role in helping Illinois businesses access critical financing through the Department’s credit programs. This position combines financial analysis, risk assessment, lender engagement, and economic development to evaluate complex credit proposals, provide technical assistance, and support responsible lending decisions. Bring your expertise in finance and credit analysis to a position where your work directly supports businesses, strengthens communities, and advances economic opportunity across Illinois.

Essential Functions

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.

Assists the Loan Program Manager in loan compliance reviews, monitoring lender adherence to approved terms, supporting risk mitigation activities, and assisting with the closing documentation review.

Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.

Minimum Qualifications

Requires knowledge, skill and mental development equivalent to completion of four (4) years of college, preferably with coursework in business or public administration.

Requires two (2) years of responsible administrative experience in a public or business organization.

Specialized Skills

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 two (2) years of professional 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.

Preferred Qualifications

Prefers 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.

Prefers two (2) years of professional 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.

Prefers a minimum of two (2) years of experience conducting due diligence on borrowers, including reviewing financial statements, analyzing repayment capacity, evaluating businesses, performing risk and compliance screenings, conducting legal and regulatory checks, and reviewing third party reports such as appraisals, environmental assessments, and credit reports.

Prefers a minimum of two (2) years of experience reviewing or working with loan documentation including loan agreements, guarantees, collateral/security instruments, and closing packages.

Prefers a minimum of two (2) years of experience presenting financial or credit recommendations to decision-making bodies (e.g., credit committees, underwriting committees, investment committees).

Prefers a minimum of two (2) years of experience with loan management, credit analysis, or enterprise resource planning (ERP) systems.

Prefers a minimum of two (2) years of experience working with government credit programs, such as SBA 7(a)/504, USDA Business & Industry (B&I), or other federal or state-backed credit support programs, including understanding of program eligibility frameworks.

Prefers a minimum of two (2) years of experience working with audit, compliance, or internal control frameworks in finance or credit settings.

Prefers a minimum of two (2) years of experience in budgeting, grant or loan administration.

Pefers four (4) years of college with concentration in one or more of the following fields: accounting, finance, business, business administration/management, economics, mathematics/statistics, or data analytics/data science.

Conditions of Employment

Requires completion of a background check and self-disclosure of criminal history.

Overtime is a condition of employment, and you may be requested or required/mandated to work overtime including scheduled, unscheduled, or last-minute overtime. This may require the ability to work evenings and weekends.

Certain provisions of the revolving door restrictions contained in 5 ILCS 430/5-45 apply to this position. As a result, the employee should be aware that if offered non-State employment during state employment or within one year immediately after ending State employment, the employee shall, prior to accepting any such non-State employment offer, notify the Office of the Executive Inspector General for the Agencies of the Illinois Governor (OEIG) or may be subject to a fine.

The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job description.

About the Agency

The mission of the Illinois Department of Commerce and Economic Opportunity (DCEO) is to create equitable economic opportunities across the State of Illinois. By attracting and supporting major job creators, investing in communities, strengthening Illinois’ world-class workforce, fostering innovation, and ushering in the new clean energy economy, DCEO works to fortify Illinois’ reputation as a global economic powerhouse while ensuring Illinois is the best state to live, work and do business.

As a State of Illinois employee, you will receive a robust benefit package that includes the following:

A Pension Program

Competitive Group Insurance Benefits including Health, Life, Dental and Vision Insurance

3 Paid Personal Business Days annually

12 Paid Sick days annually (Sick days carry over from year to year)

10-25 days of Paid Vacation time annually - (10 days in year one of employment)

Benefit time modified for part-time, 12-hour, & non-standard work schedules (as applicable)

13 Paid Holidays annually, 14 on even numbered years

Flexible Work Schedules (when available dependent upon position)

12 Weeks Paid Parental Leave

Deferred Compensation Program - A supplemental retirement plan

Optional Pre-Tax Programs such as Medical Care Assistance Plan (MCAP), Dependent Care Assistance Plan (DCAP)

Federal Public Service Loan Forgiveness Program eligibility

GI Bill® Training/Apprenticeship Benefits eligibility for qualifying Veterans

5% Salary Differential for Bilingual Positions

Commuter Savings Program (Chicago only)

For more information about our benefits please follow this link: https://cms.illinois.gov/benefits/stateemployee.html

This position DOES contain “Specialized Skills” (as that term is used in CBAs).

APPLICATION INSTRUCTIONS

Use the “Apply” button at the top right or bottom right of this posting to begin the application process.

If you are not already signed in, you will be prompted to do so.

State employees should sign in to the career portal for State of Illinois employees – a link is available at the top left of the Illinois.jobs2web.com homepage in the blue ribbon.

Non-State employees should log in on the using the “View Profile” link in the top right of the Illinois.jobs2web.com homepage in the blue ribbon. If you have never before signed in, you will be prompted to create an account.

If you have questions about how to apply, please see the following resources:

State employees: Log in to the career portal for State employees and review the Internal Candidate Application Job Aid

Non-State employees: on Illinois.jobs2web.com – click “Application Procedures” in the footer of every page of the website.

The main form of communication will be through email. Please check your “junk mail”, “spam”, or “other” folder for communication(s) regarding any submitted application(s). You may receive emails from the following addresses:

donotreply@SIL-P1.ns2cloud.com

systems@SIL-P1.ns2cloud.com

Revolving Door: Certain provisions of the revolving door restrictions contained in 5 ILCS 430/5-45 apply to this position. As a result, the employee should be aware that if offered non-State employment during State employment or within one year immediately after ending State employment, the employee shall, prior to accepting any such non-State employment offer, notify the Office of the Executive Inspector General for the Agencies of the Illinois Governor (“OEIG”) or may be subject to a fine.