Credit Analyst Job Descriptions

October 7, 20110 Comments

Credit Analyst Job Profile and Descriptions

The job of a credit analyst is to gather analyze the credit information on potential and creditors, maintains good customer relations by promoting business for bank and refers customers for new services to appropriate staff. A Credit Analyst’s job description entails analyzing financial information and assessing the risk of credit offer to individuals and businesses such as various financial institutions like banks, investment companies, and credit rating agencies

Duties and responsibilities

The Duties and Responsibilities of a credit analyst include the following:

  • DEVELOPE THE MODELS AND METODS: He or she will have to primarily develop the models and methodologies of credit information in order to predict trends and patterns using specific statistical software on proper time.
  • CUSTOMERS SERVICE: he or she will have to perform risk assessment analysis and will have to provide excellent service to the internal customers perfectly.
  • COORDINATE WITH OTHER PERSONS: It will be very necessary to maintain the coordination with the other department members within the company like product specialists, account managers and so on as it will be very necessary for the business.
  • ANALYZING THE DATA: He or she has to analyze the financial information like cash flow statements, and management accounts and other credit services perfectly as it is financial matter.
  • RECOMMENDING CHANGES: He or she will also have to recommend and advising changes if it will be required to various credit policies and procedures and methodologies if required.
  • CREDIT WORTHINESS: He or she will have to assess the overall credit worthiness of various client companies as well as investment companies.
  • SOLVE THE ISSUES: He or she has to look into the issues related to compliance, legal, and market-risk involved in the endorsement of credit and also try to solve them.
  • HELPING THE STAFF: It will be the duty of analyst is to help the staff to ensure that policies and procedures comply with the departmental standards and also provide the support to them in the work.

Skills and Specifications

The candidate desiring for the job should have a lot of skills and specifications and they are as following:

  • KNOWLEDGE OF TECHNIQUES: The candidate should have a lot of knowledge about the credit based business operations and techniques because he or she will have to work according to them.
  • REQUIRED SKILLS: He or she should have the excellence in analyzing things so should have strong analytical skills
  • INTERPERSONAL SKILLS: The candidate must have a very strong combination of analytical, decision-making, and interpersonal skills as it will be the most required skills.
  • ABILITY OF PRESENTING THE DATA: The candidate should have the ability to present technical information precisely and clearly to the clients when needed.
  • TEAM WORKING SKILS: He or she will have to work in a team and it may be possible to supervise the team so should have the ability to work as a part of a team and under minimal supervision.
  • ORGANIZATIONAL SKILLS: He or she knows to manage the team and the management so it will be needed a good problem-solving ability and organization skills to handle the post.
  • OTHER REQUIRED SKILLS: He or she should have the strong analytical, numeric and research skills to develop the methods and procedures and solving the issues.

Education and Qualifications

  • BASIC DEGREE: The candidate should at least have a Bachelor’s degree in Finance, Business, Accounting, or Statistics or any other related field to do the job.
  • It will be added as an advantage if the candidate will have some past working experience working in financial credit systems, collections, reporting, or any credit related activities.

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