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Credit Analyst Job Description: Top Duties and Qualifications

Edited by Indeed Employer Content Team
Last updated 5 November 2025
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Indeed’s Employer Resource Library helps businesses grow and manage their workforce. With over 15,000 articles in 6 languages, we offer tactical advice, how-tos and best practices to help businesses hire and retain great employees.

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7 min read

A Credit Analyst, or Credit Risk Analyst is responsible for analysing the creditworthiness of customers and potential debtors. Their duties include gathering and reviewing the financial data of loan applicants, assessing an applicant’s ability to repay a loan and recommending loans to be approved or denied.

Credit Analyst duties and responsibilities

Credit Analysts are typically hired to undertake risk analysis using the appropriate statistical models. They usually work in a relatively fast-paced office environment with a standard 40-hour workweek. They use financial applications daily to evaluate the financial health of applicants. Their main duties and responsibilities include: 

  • Monitoring the lending activities of an organisation and ensuring that businesses operate within the right credit risk
  • Developing advanced analytics and modelling of credit and retailer risk strategy and policies
  • Ensuring that advanced analytics and modelling are compliant with the set policies and regulations
  • Producing reports that are accurate, insightful and relevant to the company
  • Managing specifications, implementations and testings of strategy changes
  • Supporting a business to perform better credit life cycle and risk analysis
  • Working with technologies and a data team to enhance the capabilities of a business
  • Reviewing and assessing the financial activities of a person to find out their credit risks
  • Assisting with company and client audits
  • Responding to enquiries from lenders

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Credit Analyst Job Description Examples:

Example 1

Our Client:

We are working with a world renowned Investment Bank, looking to add a Front Office Credit Analyst to their London team. The role will focus on the Utilities & Commodities sector.

The role will work within a fast paced Front Office team, preparing credit applications, renewals, credit monitoring and submitting papers to the 2nd line approval function.

The Requirements:
  • Strong academic background
  • Previous experience in Credit Analysis within an Investment Bank
  • Analysis of Corporates (ideally Utilities or Commodity Traders)
  • Good experience of working with front office revenue generators

We look forward to reading your CV and discussing with you soon

The Risk Partners. . . . Trusted Partners in Global Governance Recruitment

Job Types: Full-time, Permanent

Salary: £70,000.00-£85,000.00 per year

Additional pay:
  • Bonus to Friday

Example 2

It is a great time to join our business! Celebrating over 70 years here at Moores. We have mastered the art of designing, manufacturing, selling, supplying and installing our own products. We are a forward-thinking employer that invests in our people, with a friendly culture.
We make and supply kitchen, bathroom and bedroom furniture into the new build and affordable housing sector as well as several retail brands, which are sold in independent retailers throughout the UK. In addition, we manufacture furniture for builders' merchants, large DIY stores and directly to individual customers.
We are currently seeking a Credit Support Co-ordinator who will report into the Credit Manager, working from our location in Wetherby, West Yorkshire. The successful candidate will work pro-actively providing administrative and analytical support for the Credit & Risk Department
Salary: £26k per annum
Main duties and responsibilities
Query handling:
  • Handling complex customer queries, internal investigation and follow up through to resolution stage within a given timescale
  • Liaising with internal stakeholders and customers to conclude all queries in a timely manner
  • Log all incoming queries onto internal database
  • Controlling customer payment deductions (contra’s and debit notes)
  • Ensuring requests for documentation are fulfilled to minimise delay to scheduled payment terms (copy invoices / applications and POD’s)
Reconciliations and analysis: Preparing monthly full site reconciliation to support application process Identifying and resolving data variations
  • Monthly analysis of customer deductions and query levels reporting
*
Administration: Preparing monthly backing documentation for application process for submission to customer Fortnightly statement preparation
  • Collating data for analysis
Customer Account & Ledger Maintenance: Daily cash & banking support Update and maintain customer account data as required
  • Ledger allocations

Job Types: Full-time, Permanent

Salary: From £26,000.00 per hour shift

Example 3

It is a great time to join our business! Celebrating over 70 years here at Moores. We have mastered the art of designing, manufacturing, selling, supplying and installing our own products. We are a forward-thinking employer that invests in our people, with a friendly culture.
We make and supply kitchen, bathroom and bedroom furniture into the new build and affordable housing sector as well as several retail brands, which are sold in independent retailers throughout the UK. In addition, we manufacture furniture for builders' merchants, large DIY stores and directly to individual customers.
We are currently seeking a Credit Support Co-ordinator who will report into the Credit Manager, working from our location in Wetherby, West Yorkshire. The successful candidate will work pro-actively providing administrative and analytical support for the Credit & Risk Department
Salary: £25k per annum
Main duties and responsibilities
Query handling:
  • Handling complex customer queries, internal investigation and follow up through to resolution stage within a given timescale
  • Liaising with internal stakeholders and customers to conclude all queries in a timely manner
  • Log all incoming queries onto internal database
  • Controlling customer payment deductions (contra’s and debit notes)
  • Ensuring requests for documentation are fulfilled to minimise delay to scheduled payment terms (copy invoices / applications and POD’s)
Reconciliations and analysis: Preparing monthly full site reconciliation to support application process Identifying and resolving data variations Monthly analysis of customer deductions and query levels reportingAdministration: Preparing monthly backing documentation for application process for submission to customer Fortnightly statement preparation Collating data for analysisCustomer Account & Ledger Maintenance:Daily cash & banking support
Update and maintain customer account data as required Ledger allocations

Job Types: Full-time, Permanent

Salary: From £25,000.00 per hour shift

Example 4

About the role

We are recruiting for a Credit Analystto join a well-established charity based in Birmingham. This is a great opportunity to join a team with ambition to rapidly grow. As a Credit Analyst, you will be providing support to the Fee and Contracts Manager to create reporting and provide costing and analysis that is required for fee uplifts or renegotiation. This role follows a hybrid working pattern of 2 days in the office and the rest from home.

Main duties

  • Establish standard costs and analyse deviations when needed from actual costs.
  • Complete cost assessment templates and address requests from authorities to provide data supporting proposed fee adjustments.
  • Collaborate with the Business Partner unit and Operations Managers to address inquiries.
  • Interpret diverse data requests from regulatory bodies and populate their templates with insights, potentially including knowledge of the open book process.
  • Ensure that the information is shared across the finance team and that billing is followed through, keeping appropriate records and evidence.

Location / Office / Culture

The role is located in Birmingham with a friendly and supportive team. They offer a variety of benefits, including:

  • Hybrid working (2 days in office)
  • Fantastic management
  • Varied role

What we are looking for

We are looking for a Credit Analystwith the following skills and experience:

  • Minimum 1 year experience as: Credit Analyst, Credit Controller, Finance Analyst.
  • Experience of using MS Office
  • Good experience in Excel
  • Experience of working in a customer focused environment and an understanding of good customer service
  • Advanced Excel Skills is desirable
  • Use of Adobe software is desirable

About us

We are a local Accountancy Recruitment specialist, we appreciate that roles are often online for a long period of time. If you want to check if this role is still live or just want more details before applying, call us directly.

Job Types: Full-time, Permanent

Salary: £28,000.00-£33,000.00 per year

Benefits:
  • Flexitime
Schedule:
  • Day shift
  • Flexitime
  • Monday to Friday
  • No Location: In person

Example 5

Credit Analyst
Hybrid
Competitive Salary

Required to travel to office in Doncaster 1/2x per month

A thriving company within the banking sector is looking for a Credit Analyst to develop Strategy, MI and Analytics to support Portfolio & Asset management, Collections, Recoveries, Capital Management and Provisioning. The company is very people focussed with an incredibly friendly atmosphere and continual support with professional development.

Benefits

You can enjoy a great work-life balance with this company. They have a fantastic benefits package including the option to purchase an additional five days’ annual leave, save for the future with their car salary sacrifice scheme, or gym membership discounts, and group stakeholder pension plan. There are also lots of lifestyle and wellbeing benefits including life assurance, private healthcare, cycle to work scheme, and other healthcare packages too.

WHAT YOU’LL BE DOING

As a Credit Analyst your key duties will include:

· Supporting evolution of Collections & Recoveries Strategies and Policy, leveraging credit scoring capabilities, industry or bank data and techniques

· Monitoring Bad Debt against budget and forecasts, analysing trends and deviations

· Working with the Head of Existing Customer Management to agree the action required to address any performance issues and/or to capitalise on opportunities

· Developing high quality credit risk related MI and insight to Credit management and other major stakeholders

· Undertaking analysis across a range of Credit areas and processes to provide insight and recommendations to Credit management

· Communicating findings using appropriate written and graphical techniques in Excel and PowerPoint

· Maintaining Model Risk Office, ensuring governance and risks managed in accordance with Model Risk Standards

· Supporting monthly Capital and Impairment processing

· Ensuring all credit governance requirements are adhered to including timely completion of policy reviews, audit remediation, incident management and escalation

WHAT YOU’LL NEED

To be considered for the Credit Analyst role, you must have:

· Technical hands-on knowledge or experience of SAS/Business Objects/Alteryx/SQL

· Previous experience in a Credit Analyst or Analyst position (desirable)

· Strong analytical mindset to understand and investigate complex issues

· Strong knowledge of Microsoft Excel

· Ability to communicate complex information to management and non-credit colleagues

HOW TO APPLY

Does this sound like you?

INDBR

Job Type: Full-time

Schedule:
  • Monday to Friday

Application question(s):
  • Do you have hands on technical knowledge or experience with SAS/SQL/Business Objectives?
  • Do you have previous experience as an analyst or an analytical you have strong communication skills?

Example 6

We are working with a prestigious international bank who specialise in BTL and commercial lending. They are currently seeking a Credit Analyst with 3 years of experience in the banking sector to join their team and carry out the following duties:

  • Meet KPIs related to review of credit requests, reporting and other performance standards.
  • Top products Handled - Buy to let, Commercial Real Estate and Commercial loans for SME
  • Analyse client’s company’s financials and create projections to determine repayment ability and credit-worthiness.
  • Revert to the RM with queries on the credit application within specified turnaround time.
  • Reviewing existing client exposures, active monitoring of large exposures and exposures to specific products keeping abreast of key news items pertaining to clients especially large and critical clients
  • Presenting credit facility requests along with a detailed analysis, identifying key risk issues and researching a reasoned conclusion along with recommendations to bank’s credit committee for decision.
  • Reviewing credit policies, strategies and procedures and updating them in line with Group requirements, industry trends, regulatory requirements, and improved risk management & risk mitigation Preparing detailed analysis on the client’s business performance, client’s operating sector, ability to repay & profitability for the bank. Ensure all major queries are resolved prior to the case being submitted to the Head of Credit Approval.
  • Highlighting any errors to the credit process chain.
  • Documentation of proposal related information to be in conformity with requirements as set out internally.
  • Check monthly/quarterly portfolio review reports.
  • Maintain electronic filing of all credit requests and organising each request accordingly.
  • Undertake projects and assignments from time to time as directed by the Head of Credit Approval.
  • Liaison with Credit Administration, ACPM, Finance, Compliance; Audit for processes relating to Credit Approval function.
  • Qualifying loan applicants based on eligibility and credit policy to determine the most appropriate loan product for the client’s credit requirement and present to relevant committees for approvals.
  • Acting as secretary to Credit Committees and Policy meetings

Key Requirements

  • Minimum of 5 years in a Credit Analyst role at a bank.
  • Sound understanding of the UK market for SME lending & CRE.
  • High level of understanding of financial statements.
  • Sound understanding of Risks and Mitigants for On-Balance sheet and Off-Balance Sheet credit facilities.
  • Understanding of BASEL and PRA & FCA Risk Guidelines, Calculations and Policy Adherence.
  • Proficiency in the use of Excel, spread-sheets, database tools.

For more jobs like this, search Market Talent on google - go direct to our website for more live roles and even set up your own job alerts.

Job Type: Permanent

Salary: £50,000.00-£65,000.00 per year

Schedule:
  • Monday to Location: In person

Example 7

My client is a internationally known automotive finance company with the responsibility for writing profitable finance business by supporting the sale of the company product range in the UK. Working in partnership with the dealer network, in this instance, with our independent dealer, it is our intention to work collaboratively with their sales teams to achieve their business objectives. In addition to being a funder, the company is also a finance broker. Working with several strategic funding partners, our broker proposition enables us to support the dealer network by offering our customers several unique solutions that meet their needs.

My client offers incredible benefits including:

Benefits

  • Competitive annual salary plus
  • 10% bonus,
  • Private medical/Dental
  • Company days out/events
  • Company Pension,
  • Gym membership and wellness programmes
  • Discounted rates
  • Hybrid working - opportunity to split working from home and working in the office for better work/life balance!

Our client is looking for a Junior Credit Analyst to join the team on a 12-month FTC.
The Junior Credit Analysts main responsibility is to perform Credit Risk Departmental duties and tasks according to the common company values, principles, processes, guidelines and standards.
Supporting the Credit Analysts and Credit Risk Manager in defining, implementing, maintaining and developing a Credit Department capable of managing the company's credit risk in line with credit policy, contributing to continuous improvements in the local operations and in the area of responsibility. To support the company dealer network by maximising business levels whilst maintaining a proactive approach to risk management.

Duties and Responsibilities:

  • Assistance in the smooth operating of dealer wholesale financing arrangements.
  • Prepare, review and analyse in accordance with Credit Policy in respect of wholesale, fleet, retail & rental business.
  • Prepare, review, analyse and present credit applications to the appropriate authority or credit committee as necessary in accordance with Credit Policy.
  • To protect the interests of the company & minimise risk relating to money laundering, data protection & operators’ license’s (although not exclusively) legislation & ruling.
  • Work closely with members of the sales team & dealer network.
  • Carry out customer and dealer visits as required.
  • To prepare reports as necessary and within the required timescales.
  • Work with, compose and close quarterly reports.
  • Support operations through improvement of internal KPIs and support Credit Risk Manager and the department in daily operations.
  • Contribute to process improvements and project planning and implementation.
  • Contribute and assist in the setting up of new channels of credit consideration, especially relating to auto decisioning, invoice discounting/factoring and vehicle rental. To assist where necessary in the testing, implementation & ongoing modification & monitoring of any new channels of credit.
  • Any other tasks as necessary.

Our mission

Indeed’s Employer Resource Library helps businesses grow and manage their workforce. With over 15,000 articles in 6 languages, we offer tactical advice, how-tos and best practices to help businesses hire and retain great employees.

Read our editorial guidelines
Create a culture of innovation
Download our free step-by-step guide on encouraging healthy risk-taking
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What does a Credit Analyst do? 

Credit Analysts are typically employed by commercial and investment banks, credit card companies, credit rating agencies and investment companies. They gather information about clients, read financial briefs and analyse and interpret complex financial information.

Credit Analysts may also help debtors fill relevant loan application forms and submit loans to the loan committees for approval. Some are involved in reviewing problem accounts. For instance, clients who default on payments may need to have their cards closed or deducted.

Credit Analyst skills and qualifications

Credit Analysts need to be adaptable, confident, reliable and self-motivated. They must have a keen eye for detail and the ability to work effectively under pressure. A successful Credit Analyst will have various prerequisite skills and qualifications that typically include: 

  • In-depth understanding of unsecured consumer lending and reporting
  • Proficiency with Microsoft Office software including Word, Excel and Outlook
  • Basic knowledge of programming languages such as SAS, Python and other languages
  • In-depth understanding of information management, data aggregation and manipulation
  • Good documentation and organisation skills
  • Emotional stability and cautiousness
  • Good verbal and written communication skills
  • Excellent accounting skills

Credit Analyst experience requirements

Credit Analysts often require at least three years of work experience in credit analysis, credit management, credit risk, credit underwriting or other related fields. They also require working experience with statistical packages and financial software. Candidates with previous working experience in a financial or administrative position can also fit into the Credit Analyst positions. Other relevant work experiences areas that are valuable include accounts payable, accounting and credit application processing.

Credit Analyst education and training requirements

Credit Analysts often require a bachelor’s degree in finance, accounting, economics or related fields to qualify for the positions. Candidates with A-level GCSEs must have additional certifications in financial courses, such as a CPA programme. It’s important that candidates understand accounting principles and financial techniques. Some banks and other financial institutions may prefer applicants with a master’s degree in business administration or a practical designation .

Credit Analyst salary expectations

According to Indeed Salaries, the average salary of a Credit Analyst in the UK is £38,280 per year. Their salary varies depending on factors, including experience, education, geographical location and company.

Job description samples for similar positions

If a Credit Analyst is not quite what you’re looking for, here are other job description samples that may fit your needs:

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Credit Analyst job description FAQs

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