The Credit Analyst is responsible for assessing the creditworthiness of potential borrowers and making recommendations on whether or not to extend credit. The Credit Analyst will work with a variety of stakeholders, including loan officers, borrowers, and senior management.
Assess the creditworthiness of potential borrowers. This includes reviewing financial statements, credit reports, and other financial information to determine the borrower’s ability to repay a loan.
Make recommendations on whether or not to extend credit. This includes considering the borrower’s financial situation, the terms of the loan, and the risk of default.
Monitor the performance of existing loans. This includes reviewing financial statements, collecting payments, and taking action if a borrower is in default.
Prepare reports on the credit portfolio. This includes providing analysis of the portfolio’s performance and identifying areas of risk.
Other duties as assigned. This may include a variety of other tasks related to credit analysis, such as preparing presentations, conducting training, and providing support to other departments.
Bachelor’s degree in accounting, finance, or a related field.
Experience in credit analysis.
Strong understanding of credit principles and procedures.
Excellent analytical and problem-solving skills.
Ability to work independently and as part of a team.
Excellent written and verbal communication skills.