Credit Analyst
Assess the creditworthiness of securities, individuals or companies.
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What's it like to be a Credit Analyst?
Creditworthiness plays a deciding factor when borrowing funds from financial institutions such as banks and lending companies. This risk assessment is determined by Credit Analysts who validate a borrower's finances and manage the risk of lending to individuals or organizations. Credit Analysts research and review business plans and financial statements. Some Credit Analysts have access to accountants, financial officers, bookkeepers and operations management teams to help determine the cost and benefit of lending.
Tasks and duties
- Undertaking research to determine the creditworthiness of a borrower.
- Analyzing financial statements and business plans for loaning purposes.
- Recommending the approval or denial of loans
- Modifying terms or restructuring existing loans.
- Creating risk management models to help management decide on the terms of loans.
How to become a Credit Analyst
Starting a career as a Credit Analyst requires a strong foundation in mathematics and accounting, and a working knowledge in the operations of a financial institution. A formal qualification can provide you with the skills required for this role.
- Complete a bachelor degree in business, accounting, finance or economics. Most major financial institutions such as banks prefer candidates with a bachelor degree.
- Consider taking seminars and certifications in risk modeling and other relevant financial topics. Some employers may prefer candidates who keep up-to-date with the latest methodologies in risk assessment and modeling.
Compare your salary
Find out how your salary compares with the average salary for Credit Analysts.
Latest Credit Analyst jobs on JobStreet
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Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Credit Analyst employers on JobStreet are looking for job seekers with expertise in the following areas.
Accounting
Financial Analysis
Credit Analysis
Financial Statements
Underwriting
Profit and Loss
Thoroughness
Credit Risk
Process Driven
Time Management
Microsoft Office
Lending
Communication Skills
Administration Management
Commerce
Logical Thinking
Mathematics
Results Focused
Computer Literacy
Integrity
Source: JobStreet job ads and JobStreet Profile data
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