Credit Analyst Job Description
As a Credit Analyst, you will play a crucial role in determining the creditworthiness of individuals and businesses applying for loans or credit. You will review financial statements, credit reports, and other relevant data to evaluate the borrower's ability to repay debts. Additionally, you will be responsible for monitoring and managing the credit portfolio to minimize risks.
Responsibilities
- Analyze financial data and credit reports to assess the creditworthiness of borrowers
- Evaluate business and personal financial statements to determine loan and credit approval
- Assess the risks associated with granting credit and make recommendations for credit limits
- Monitor and manage the credit portfolio to ensure timely repayment of debts
- Prepare detailed credit analysis reports for management and stakeholders
- Stay updated with industry trends, regulations, and best practices in credit analysis
Qualifications
- Bachelor's degree in finance, economics, or related field
- Prior experience in credit analysis or related field
- Strong analytical and financial modeling skills
- Knowledge of accounting principles and financial statements
- Familiarity with credit risk evaluation techniques and tools
- Excellent communication and interpersonal skills
- Attention to detail and ability to work independently
Skills
- Financial analysis
- Credit risk assessment
- Financial modeling
- Accounting
- Credit evaluation
- Communication
- Attention to detail