Credit Analyst Job Description: Top Duties and Qualifications

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. 

 

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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

Date: 07-Jul-2021 Location: Northampton, GB Company: XPO Logistics Logistics done differently. Do you have a background in credit analysis? Know your way around a balance sheet or two? Like the idea of playing a key part in the credit team of one of the most forward-thinking and fastest-growing companies in the logistics game? Here at XPO Logistics, we’re recruiting for a Credit Analyst to join our finance team in Northampton on a full-time, permanent basis. Working closely with your counterparts across Europe, you’ll carry out credit analysis on trade applications, write-ups and summaries along with making recommendations to the Divisional Credit Manager and performing the all-important annual credit reviews. Pay, benefits and more: We’re looking to offer a salary of up to £50,000 per annum, plus car allowance. In addition, we offer 25 days holiday (plus bank holidays), as well as the option to buy additional days. You’ll have access to a variety of high street discounts, as well as a cycle to work scheme, a workplace pension and many other perks. What you’ll do on a typical day: Complete thorough, in-depth analysis of new credit requests, credit change requests, renewals and annual relationship reviews Recommend risk rating changes as they arise, always ensuring quality, consistency and compliance for all assessments Prepare spreadsheets, reports, summaries and opinions for briefing papers on new, renewal and existing contracts Ensure that all credit files are complete and identifying any documentation deficiencies and reporting back on your findings What you need to succeed at XPO: A background in and thorough understanding of credit analysis The ability to understand financial data (balance sheets, income statements, cash flow statements, financial ratios etc.) Meticulous attention to detail – double and triple-checking should come naturally to you The ability to remain calm and composed under pressure and when working to multiple deadlines Be part of something big. XPO is a leading provider of cutting-edge supply chain solutions to the most successful companies in the world. We help our customers manage their goods most efficiently using our technology and services. Our greatest strength is our global team – energetic, innovative people of all experience levels and talents who make XPO a great place to work. The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all , duties, and skills required of personnel so classified. All employees may be required to perform duties outside of their normal from time to time, as needed. Job Segment: Credit Analyst, Credit, Bank, Banking, Supply, Finance, Operations

Example 2

Logistics done differently. Do you have a background in credit analysis? Know your way around a balance sheet or two? Like the idea of playing a key part in the credit team of one of the most forward-thinking and fastest-growing companies in the logistics game? Here at XPO Logistics, we’re recruiting for a Credit Analyst to join our finance team in Northampton on a full-time, permanent basis. Working closely with your counterparts across Europe, you’ll carry out credit analysis on trade applications, write-ups and summaries along with making recommendations to the Divisional Credit Manager and performing the all-important annual credit reviews. Pay, benefits and more: We’re looking to offer a salary of up to £50,000 per annum, plus car allowance. In addition, we offer 25 days holiday (plus bank holidays), as well as the option to buy additional days. You’ll have access to a variety of high street discounts, as well as a cycle to work scheme, a workplace pension and many other perks. What you’ll do on a typical day: Complete thorough, in-depth analysis of new credit requests, credit change requests, renewals and annual relationship reviews Recommend risk rating changes as they arise, always ensuring quality, consistency and compliance for all assessments Prepare spreadsheets, reports, summaries and opinions for briefing papers on new, renewal and existing contracts Ensure that all credit files are complete and identifying any documentation deficiencies and reporting back on your findings What you need to succeed at XPO: A background in and thorough understanding of credit analysis The ability to understand financial data (balance sheets, income statements, cash flow statements, financial ratios etc.) Meticulous attention to detail – double and triple-checking should come naturally to you The ability to remain calm and composed under pressure and when working to multiple deadlines Be part of something big. XPO is a leading provider of cutting-edge supply chain solutions to the most successful companies in the world. We help our customers manage their goods most efficiently using our technology and services. Our greatest strength is our global team – energetic, innovative people of all experience levels and talents who make XPO a great place to work. The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all , duties, and skills required of personnel so classified. All employees may be required to perform duties outside of their normal from time to time, as needed.

Example 3

Company Overview Every firm has a culture – the values, beliefs, methodology, attitudes and standards that reflect an organization’s DNA. But the truly inspiring firms – the game-changers, the industry leaders and the disruptors – have cultures that propel them to innovate and stand out. At Brown Advisory, we aim to be one of those inspired firms. Over the years, we have purposefully built and nurtured our client-first culture. Brown Advisory is an independent investment management firm committed to delivering a combination of first-class performance, strategic advice and the highest level of client service with offices in Austin, Baltimore, Boston, Carolinas, Delaware, London, New York, Virginia and Washington, [website] The firm’s institutional and private clients are based in 50 states and more than 37 countries and territories and are served by over 650 colleagues worldwide, all of whom are equity owners of the firm. Position Summary Brown Advisory is currently seeking a dynamic individual to join our team as a Credit Research Analyst with coverage responsibility for the global financials sector. The candidate will support the research process with the performance of fundamental research across regions, countries, and companies within global markets. This position would aid the team in investment ideation, securities analysis, surveilling existing positions, macro investment debate, portfolio-level analysis, and managing projects related to messaging materials and content production. This role will require credit expertise within financial services business models, including knowledge of geopolitics, macroeconomics, sovereigns, industry trends, company fundamentals, capital structures, and fixed income instruments such as bonds, hybrids, and derivatives. The candidate must understand regulatory capital regimes and corresponding capital structures [website]: senior, CET1, AT1, Tier 2, etc.). The primary duties and responsibilities include but are not limited to : Conduct fundamental research across various countries, sectors, and companies Create and communicate investment including financial models, write-ups, and presentations Effectively communicate recommendations and observations within a collaborative team environment Monitor and report on market and company data as they relate to investment theses Oversee portfolio holdings, including quarterly earnings and other significant event updates Attend conferences and meetings associated with the fundamental research effort Collaborate with the ESG research team to integrate sustainable investing into the research process Assist portfolio managers in tracking and analyzing portfolio-level metrics Develop automated methods of tracking portfolio positions and screening for new ideas Assist in the sales and marketing efforts to communicate externally and to clients Desired Qualifications : Bachelor’s degree required CFA preferred Minimum 3-5 years’ experience within the financials sector required Global financials experience required Strong quantitative and communication skills Critical thinker and intellectually rigorous Life-long learner with an insatiable appetite for growth Strong and collaborative work ethic Extensive knowledge of financial statements, Microsoft Excel, and Bloomberg Willingness to stretch outside your comfort zone and support other functional areas of Brown Advisory Benefits At Brown Advisory we offer a competitive compensation package, including full benefits.
  • Medical
  • Dental
  • Vision
  • Wellness program participation incentive
  • Financial wellness program
  • Gym membership discounts
  • Fitness event fee reimbursement
  • Corporate gym membership discounts
  • Colleague Assistance Program
  • Telemedicine Program (for those enrolled in Medical)
  • Adoption Benefits
  • Daycare late pick-up fee reimbursement
  • Basic Life & Accidental Death & Dismemberment Insurance
  • Voluntary Life & Accidental Death & Dismemberment Insurance
  • Short Term Disability
  • Paid parental leave
  • Group Long Term Disability
  • Pet Insurance
  • 401(k) (50% employer match up to IRS limit, 4 year vesting) Brown Advisory is an Equal Employment Opportunity Employer.
  • 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

     

    How can you make your Credit Analyst job description stand out?

    Avoid using jargon, which may interfere with the candidate’s understanding of your needs and requirements. Make sure that your job description is clear and concise . Ask for a cover letters along with the CV to assess the candidates’ written communication skills. 

     

    Who does a Credit Analyst report to?

    Credit Analysts typically manage a portfolio of clients and report to the Head of Credit in a business. They can also report to the Chief Financial Officers in companies without a Head of Credit. 

     

    What's the difference between Credit Analyst and Underwriter?

    A Credit Analyst evaluates the credit history of an individual to determine the risks of granting individuals or companies a loan. The Underwriter analyses documents such as credit information and tax history delivered by clients to determine the loan options that can be provided by an organisation considering granting a loan. 

     

    Who should you look for in Credit Analyst CV?

    Some of the key things to look for in a Credit Analyst CV include financial skills and proof of experience that helped the candidates develop those skills. 

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