Credit Underwriter Visa Sponsorship Jobs in Illinois
Credit underwriter visa sponsorship jobs in Illinois are concentrated in Chicago's financial district, with major employers including BMO Harris, Northern Trust, Wintrust Financial, and Discover Financial Services. The state's depth in commercial banking, insurance, and fintech creates steady demand for underwriters who assess credit risk across corporate, consumer, and commercial real estate portfolios.
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Get Access To All JobsINTRODUCTION
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
ABOUT THE ROLE
This position is responsible for the delivery of integrated credit solutions to clients. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Job expectations include ensuring accurate and timely analysis of financial statements and assignment of risk ratings. Evaluate and underwrite new end-user credit opportunities, including the identification and assessment of all strengths, weaknesses and risks (including operational) associated with the opportunity as well as identifying and describing mitigating factors. Responsible for the evaluation, review and written analysis of all factors that affect an entity’s ability to repay and/or service their obligations in a timely manner. The complexity of the entities and related transactions requiring analysis can vary over a wide spectrum of industries. The LCO II uses their skill set to assess the appropriateness of existing solutions and to propose optimal financing alternatives or additional financing solutions. They are involved in managing credit quality and the approval process through their interaction with Risk Management Officers, GVF Marketing Officers and Credit Products Managers.
Responsibilities
- Evaluate new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors
- Partner with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client
- Underwrite new transactions, analyze credit risk, negotiate and close transactions, while adhering to internal policy, procedures and regulatory requirements
- Structure the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral)
SKILLS
- Analytical Thinking
- Financial Analysis
- Financial Forecasting and Modeling
- Profitability Analysis
- Research Analysis
- Attention to Detail
- Business Acumen
- Credit and Risk Assessment
- Underwriting
- Written Communications
- Collaboration
- Critical Thinking
- Portfolio Analysis
- Prioritization
- Technical Documentation
BASIC QUALIFICATIONS
- 3+ years of commercial credit underwriting and credit analysis experience
- Must have effective presentation, structuring, financial statement and risk analysis skills
PREFERRED QUALIFICATIONS
Bachelor’s degree in Finance/Accounting or equivalent experience is preferred
SHIFT
1st shift (United States of America)
HOURS PER WEEK
40
INTRODUCTION
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
ABOUT THE ROLE
This position is responsible for the delivery of integrated credit solutions to clients. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Job expectations include ensuring accurate and timely analysis of financial statements and assignment of risk ratings. Evaluate and underwrite new end-user credit opportunities, including the identification and assessment of all strengths, weaknesses and risks (including operational) associated with the opportunity as well as identifying and describing mitigating factors. Responsible for the evaluation, review and written analysis of all factors that affect an entity’s ability to repay and/or service their obligations in a timely manner. The complexity of the entities and related transactions requiring analysis can vary over a wide spectrum of industries. The LCO II uses their skill set to assess the appropriateness of existing solutions and to propose optimal financing alternatives or additional financing solutions. They are involved in managing credit quality and the approval process through their interaction with Risk Management Officers, GVF Marketing Officers and Credit Products Managers.
Responsibilities
- Evaluate new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors
- Partner with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client
- Underwrite new transactions, analyze credit risk, negotiate and close transactions, while adhering to internal policy, procedures and regulatory requirements
- Structure the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral)
SKILLS
- Analytical Thinking
- Financial Analysis
- Financial Forecasting and Modeling
- Profitability Analysis
- Research Analysis
- Attention to Detail
- Business Acumen
- Credit and Risk Assessment
- Underwriting
- Written Communications
- Collaboration
- Critical Thinking
- Portfolio Analysis
- Prioritization
- Technical Documentation
BASIC QUALIFICATIONS
- 3+ years of commercial credit underwriting and credit analysis experience
- Must have effective presentation, structuring, financial statement and risk analysis skills
PREFERRED QUALIFICATIONS
Bachelor’s degree in Finance/Accounting or equivalent experience is preferred
SHIFT
1st shift (United States of America)
HOURS PER WEEK
40
Credit Underwriter Job Roles in Illinois
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Search Credit Underwriter Jobs in IllinoisCredit Underwriter Jobs in Illinois: Frequently Asked Questions
Which companies sponsor visas for credit underwriters in Illinois?
Illinois-based financial institutions with active visa sponsorship histories for credit and lending roles include BMO Harris Bank, Northern Trust, Wintrust Financial, Discover Financial Services, Allstate, and Zurich North America. Larger commercial banks and insurance holding companies headquartered in Chicago tend to have established HR processes for H-1B visa petitions, making them more likely to sponsor qualified international candidates for underwriting positions.
What visa types realistically cover credit underwriter roles in Illinois?
Credit underwriting qualifies as a specialty occupation because it requires a bachelor's degree in finance, economics, accounting, or a related field, making it eligible for the H-1B visa. Chilean and Singaporean nationals may also qualify under the H-1B1 visa. Australian nationals can pursue the E-3 visa. Permanent residence through EB-2 or EB-3 is available for qualified candidates, typically requiring PERM labor certification filed by the employer. F-1 students may work via OPT while seeking full sponsorship.
Which cities in Illinois have the most credit underwriter sponsorship jobs?
Chicago accounts for the overwhelming majority of credit underwriter sponsorship opportunities in Illinois, driven by its concentration of regional banks, insurance carriers, and financial holding companies. The northern suburbs, including Rosemont, Schaumburg, and Deerfield, host corporate campuses for firms like Zurich North America and Discover, adding additional sponsorship-active locations outside the city center. Smaller markets like Peoria and Rockford have limited sponsorship activity for this role.
How to find credit underwriter visa sponsorship jobs in Illinois?
Migrate Mate lists Illinois employers with verified visa sponsorship histories for credit underwriter roles, so you can search specifically for companies that have filed for this type of position rather than applying broadly and hoping sponsorship is available. Filtering by role and state surfaces active sponsors in Chicago's banking and insurance sector. This approach is more targeted than general job searching and helps international candidates prioritize employers already familiar with sponsoring underwriting positions.
Are there any Illinois-specific factors that affect visa sponsorship for credit underwriters?
Illinois's status as a major insurance and commercial banking hub creates a strong base of employers with existing immigration infrastructure, which generally supports smoother H-1B petition processes. The University of Illinois and DePaul University supply finance graduates who have established OPT-to-H-1B pipelines with Chicago-area employers. Credit underwriters with commercial real estate or corporate lending specializations are particularly sought after, as Illinois employers in those segments have consistent hiring volume and recurring sponsorship activity.
What is the prevailing wage for sponsored credit underwriter jobs in Illinois?
U.S. employers sponsoring a visa must pay at least the prevailing wage, which is what workers in the same role, area, and experience level typically earn. The Department of Labor sets this rate to make sure companies aren't hiring foreign workers simply because they'd accept lower pay than a U.S. worker. It varies by job title, location, and experience. You can look up current prevailing wage rates for any occupation and location using the OFLC Wage Search page.