Credit Analyst Jobs

By: EconomyWatch   Date: 1 October 2009

About The Author

EconomyWatch

The core Content Team our economy, industry, investing and personal finance reference articles.

EconomyWatch, Content Team

 

  • Dot Div
  •      

A credit analyst works closely with the account manager, product specialist and customers. The increasing requirement of simplified credit policies and sound credit assessment systems has given a fillip to credit analyst jobs in various industries. The job of a credit analyst requires minimum bachelor’s degree in finance or accounting. Through knowledge of subjects, such as finance, economics, ratio analysis, statistics, industry assessment and calculus is crucial to be a credit analyst.

Credit Analyst Jobs: Functions

The key work responsibilities of credit analysts include:

  • To create the lending proposal of the firm. In large companies, it is very difficult to establish huge proposals containing various clauses, which can only be done by a credit analyst.
  • To evaluate the borrowers’ capacity to bear the risk in respect to the credit. For this, the credit analyst should have detailed understanding of risk management.
  • To examine the cash flow statement and other financial statements of the borrower to assess the latter’s financial status.
  • To develop credit information models with the purpose of forecasting trends using statistical software.
  • To check the borrower’s track record of borrowings and repayments.
  • To decide the limit of credit depending upon the borrower’s financial condition.
  • To study and understand any risk that could be legal or within the market, which might influence the process of lending.
  • To establish and uphold healthy public relations to increase the customer base of the firm.

Credit Analyst Jobs: Skills

Here are some skills that are crucial to credit analyst jobs:

  • Meticulous attention to detail
  • Strong numerical and quantitative skills
  • Good writing and communication skills
  • Understanding of various industries to serve different clients with optimum ease
  • Effective research and prioritization skills
  • Ability to multitask by handling several projects at one time
  • Hands on experience with excel and latest financial software

Credit Analyst Jobs:Benefits of Being a Credit Analyst

Credit analyst jobs entail the following benefits:

  • It is not limited to a particular industry. For instance, a credit analyst may be employed by a bank, investment firm, credit rating agency, automobile company, energy company or a retail store.
  • One can aim for influential careers, such as a trust manager, investment banker or portfolio manager.
  • A graduate may earn somewhere from $34,000 to $57,000.

  • Dot Div
  •      

Most Popular in Jobs

Related Links
blog comments powered by Disqus