Credit Analyst

A credit analystevaluates a borrower's creditworthiness by analyzing financial statements, credit history, and cash flow to determine their ability to repay a loan.Key responsibilities include assessing risk, recommending approval or denial of credit with appropriate terms, and monitoring existing loans.This involves compiling financial data, communicating with clients and internal teams, preparing reports, and staying current with regulations.

Core duties and responsibilities

• Financial analysis:

  Analyze financial statements, debt ratios, and other financial documents to assess a borrower's ability to repay.

• Risk assessment:

  Evaluate the overall creditworthiness of applicants by reviewing their credit history, income, and collateral.

• Application processing:

  Enter, update, and retrieve information for credit applications and ensure compliance with firm and lender criteria.

• Recommendation:

  Provide recommendations to lenders on whether to approve a loan or bond, and help determine appropriate terms and credit limits.

• Client communication:

  Communicate with borrowers to gather necessary information and answer questions.

• Monitoring:

  Monitor the creditworthiness of existing borrowers and prepare reports on credit analysis findings.

• Compliance and research:

  Stay up-to-date with relevant regulations, industry developments, and market trends.

Key skills

• Analytical and quantitative skills:

  Ability to analyze complex financial information and use quantitative data to make decisions.

• Communication skills:

  Strong ability to communicate findings and recommendations to both clients and internal teams through written and oral reports.

• Attention to detail:

  Meticulous in reviewing documents and data to ensure accuracy.

• Time management:

  Ability to multitask and manage a caseload of applications efficiently.

• Computer proficiency:

  Adept at using software to analyze data, program functions, and process information.