Credit Analyst Job Description
Credit analyst
provides effectively analysis of credit applications utilizing the current credit guidelines and practices & the “Fair Isaac” credit scoring model to and provide a complete assessment of the applicant's credit risk. Provides all appropriate and requested credit risk analyses within agreed time scales.
Credit Analyst Duties & Responsibilities
To write an effective credit analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included credit analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Monitor and recommend revisions to customer credit limits based on product requirements and credit worthiness
Continually evaluate credit profiles to identify changes in financial and payment trends, communicate findings to credit management, and recommend corrective action
Analyse customers’ financial condition and monitor credit worthiness in accordance with internal credit rating procedure
Develop and analyze credit information for each customer from information obtained from customers, credit agencies, banks, publications and sales representatives
Set credit limits utilizing financial statements, payment history, business, economic data and maintain credit files
Keep Regional Credit Manager informed of serious credit and collection problems and major changes in account status
Perform various credit and collection duties and assignments as required by Regional Credit Manager
Assume credit unit responsibility in absence of Regional Credit Manager
Ensure that relevant credit risks are identified and clearly explained within the credit applications
Credit Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Credit Analyst
List any licenses or certifications required by the position: CFA, CPA, NACM, ICF, BIC, CBA, CRC, CCE
Education for Credit Analyst
Typically a job would require a certain level of education.
Employers hiring for the credit analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Finance, Accounting, Business, Business/Administration, Economics, Education, Associates, Graduate, MBA, Business/Management
Skills for Credit Analyst
Desired skills for credit analyst include:
Accounting
Economics
Finance
Credit administration
Policy and procedures
Risk analysis
Credit
Excel
Procedures
Credit risk
Desired experience for credit analyst includes:
Experience in financial services, risk management, or target marketing a plus
Collections analytics experience a plus
Ability to read and analyze financial statements both in Japanese and English
Identifies key operational / reporting / process issues for own area
Requires advanced understanding of the overall function and/or businesses supported
Moderate complexity in operational / reporting / process and/or analysis function generally requiring a short term focus
Credit Analyst Examples
1
Credit Analyst Job Description
Job Description Example
Our company is looking for a credit analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for credit analyst
- Ensure credit analysis, loan risk ratings and annual credit reviews, and appraisal reviews are performed accurately and in a timely manner
- Clearly document credit decisions and their rationale
- Assess the creditworthiness of counterparties and determine appropriateness of credit limits, covenants, and documentation (e.g., ISDAs, CSAs)
- Determine the necessity of corporate guarantees and letters of credit and communicate the requirements to counterparties
- Contribute to the preparation of periodic reports for use in daily credit evaluations and planning and for distribution to management
- Work with traders and schedulers to determine anticipated product movements to forecast credit exposures and design a plan to mitigate risk and manage the company’s financial exposure
- Participate in a continuous improvement culture by regularly evaluating existing processes and propose changes that enhance the productivity and effectiveness of the credit department and strengthens internal controls
- Monitor credit limits and orders on hold for assigned portfolio of accounts
- Researching and analyzing non-investment grade leveraged loan and high yield bond offering and making recommendations to CIG Credit Committee
- Analysis of secondary credit opportunities
Qualifications for credit analyst
- May lead small scale initiatives or work stream packages for assigned area
- High school diploma/GED plus 2 years of college level courses, or equivalent
- BA / BS in Accounting, Financial Services or a related field
- Natural inclination towards a team-based, collaborative environment
- Bachelor’s degree preferred in business or accounting
- 3+ years of experience working with financial statements
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Credit Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of credit analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for credit analyst
- Completion of credit applications ensuring they adhere to the bank's policies and specified standards of presentation to the Relevant Credit Authority for approval
- Conferring with credit associations and references to exchange credit information
- Create credit related presentations
- Research various credit topics and regulatory changes
- Provide mentoring and guidance to junior Credit Analysts and Portfolio Managers
- Proactively manage assigned credit transactions and workflow to ensure expected service levels
- Assure compliance with Company Credit Policy, risk appetite guidelines and all Regulatory requirements
- Escalate credit issues so as to ensure the Company maintains the highest standards for Compliance and Risk Management
- Advise and consult with Senior Credit Officer towards the development of effective underwriting practices
- Assist Senior Credit Officer with audit findings and responses to regulatory exams
Qualifications for credit analyst
- Working knowledge of the full Microsoft Office Suite basic PC desktop operating systems
- Prior experience in automotive finance collections a strong plus
- Microsoft Excel skills (V-lookup, Pivot Tables)
- Strong Administration and Customer Service background
- Bachelor degree would be a assetl
- Intermediate knowledge on products, end-to-end processes and systems for own specialized area
3
Credit Analyst Job Description
Job Description Example
Our growing company is hiring for a credit analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for credit analyst
- Preparing Credit Applications while working closely with line managers to present to the Credit Committee for a decision to be made
- Gathering and recording all relevant information to support credit decisions
- Analysing the credit implications of borrower proposals and recommend informed decisions with a view to maximising recovery for the Bank
- Evaluate all elements of credit risk, including consequence of default and repayment capacity
- Filling out loan applications and including the credit analysis and loan request summaries, then submitting these loan applications to loan committees for their approval
- Helping supply chain and sales and marketing departments in managing financial orders to help them control credit exposure, make payments on time, and reduce the risk of customer disputes
- Conferring with clients to verify their financial/credit transactions and to resolve their complaints
- Develop and write opinions on fundamental credit trends and ratings forecasts
- Assessing and deciding on the credit risk of both new and existing retail mortgage accounts
- Assisting with various other tasks as required in the Credit Acceptance Department as required
Qualifications for credit analyst
- Intermediate knowledge and understanding of the operating environment, business process and procedures, and transaction lifecycle for own area (e.g., processing environment, applications, software, hardware, products)
- Intermediate level knowledge with some form of related training and/or related experience or skills
- Ability to prioritize daily duties with minimal supervision
- Provide collection results without jeopardizing customer service standards
- Ability to read, write and verbally communicate the English language in a clear and effective manner
- Demonstrate strong interpersonal relationship skills
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Credit Analyst Job Description
Job Description Example
Our growing company is hiring for a credit analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for credit analyst
- Communicate with Credit Management teams at intercompany offices to review account data and history with shared customers Interface with Collections daily to support releasing orders from credit hold
- Ensuring adherence to Credit Criteria, Policies and SLA's and ensuring a high level of accuracy and standards are met at all times
- Apart from sovereign external credit analysis, track and analyse important factors (economic data, fiscal and monetary policy, valuations, yield curve analysis and technical demand supply factors) which have a bearing on local (domestic) interest rates and FX trends across various Asian countries
- Actively participate with portfolio managers and traders in strategy sessions that address credit trends, local interest rate and FX trends, investment decisions and asset allocation
- Work with credit analysts on sovereign related issues affecting the companies they cover
- Receive and process new customer applications for credit
- Work with Commercial Operations and sales reps to collect completed credit applications and request additional information when necessary
- Determine an appropriate credit limit based on the collected financial data, company research, risk factors and purchase request from customer
- Run credit bureau reports from services including Dunn and Bradstreet and effectively interpret reported financial data
- Compile credit data into a cohesive package for internal files, and to raise to management
Qualifications for credit analyst
- Self-starter with the willingness to take on additional responsibilities
- Collaborative and process improvement oriented
- Detailed and unceasing curiosity
- 2+ years collections experience in media industry
- Working knowledge of computer software programs including spreadsheets, word processing, required
- Evaluating financial status by producing financial ratios through computer programs
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Credit Analyst Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of credit analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for credit analyst
- Advise and consult on credit issues with the Credit Manager
- Assemble loan information and analysis into a Credit Request with evaluation of credit risk, assessment of appropriate terms and conditions and structure for loan approval
- Contact clients by phone and email to secure timely payment of open invoices and resolve payment disputes Maintain all records for audit trail and JSOX compliance Adhere to all company policies, procedures and JSOX requirements
- Review aging to identify potential high risk accounts and communicate with A/R Manager and Collections Supervisor to determine if a credit revaluation should be performed
- Analyze and interprets financial data to evaluate risk and determine appropriate credit lines for new and existing Customers
- Work closely and collaborate with Collection Analysts to maximize cash flow and manage credit facilities extended to customers
- Meets with internal and external customers to discuss and advise on credit related issues
- Complete any special projects as required by Credit Manager and/or Director
- Manage portfolio as it pertains to order release, credit management, deduction management, collections, and risk assessment
- Assist in tracking credit package completion
Qualifications for credit analyst
- Knowledge of fisCAL (or comparable) and Excel
- Intermediate to advanced skills with Microsoft Office, specifically Excel
- Is qualified with a relevant 3rd level degree or a professional equivalent
- Is a strong team player who has the ability to work on their own initiative
- 6 or above years’ of CA experience to support large corporate clients in foreign banks
- Good communication ability and team spirits