Summary
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.
Responsibilities
- 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.
Qualifications
- 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.