Credit Analysts

What Does a Credit Analysts Do?

Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking.

Day-to-Day Responsibilities

• 1Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
• 2Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
• 3Generate financial ratios, using computer programs, to evaluate customers' financial status.
• 4Prepare reports that include the degree of risk involved in extending credit or lending money.
• 5Analyze financial data, such as income growth, quality of management, and market share to determine expected profitability of loans.
• 6Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
• 7Consult with customers to resolve complaints and verify financial and credit transactions.

Required Skills

• Critical Thinking
• Reading Comprehension
• Speaking
• Active Learning
• Active Listening
• CGI-AMS BureauLink Enterprise
• CGI-AMS CACS Enterprise
• CGI-AMS Strata
• Credit adjudication and lending management system CALMS
• Credit and risk analysis software
• Credit fraud detection software
• Dun and Bradstreet Global DecisionMaker
• eCredit Enterprise
• Equifax Advanced Decisioning
• Equifax Application Engine

Credit Analysts Salary