The Credit analyst will be responsible for analyzing credit worthiness of new and established customers in accordance with departmental and corporate thresholds, policies, and procedures. The analyst will be responsible for reviewing financial statements, assessing third party credit reports, and finding and reviewing all public information on the customer and related parties/principals.  After analyzing reports, financial statements and public information, the analyst will be making recommendations to approve, or decline submitted credit applications.

Essential Functions/Responsibilities

• Financial Analysis: Review and analyze financial statements, credit reports, and other relevant financial documents to assess the creditworthiness of applicants


• Risk Assessment: Evaluate the level of risk associated with extending credit to applicants based on financial data, market conditions, and industry trends


• Credit Scoring: Utilize credit scoring models and tools to assign appropriate credit scores and ratings to applicants, aiding in the decision-making process


• Data Gathering: Collect and verify information from various sources, including credit bureaus, financial statements, tax returns, and customer interviews


• Documentation: Prepare comprehensive credit reports summarizing the applicant's  financial situation, risk level, and recommendations for credit approval or denial


• Recommendations: Present findings and credit recommendations to senior management, underwriters, or loan committees, providing a clear rationale for each decision


• Regulatory Compliance: Ensure adherence to relevant laws, regulations, and lending standards while evaluating credit applications


• Communication: Maintain effective communication with applicants, lenders, and other stakeholders to gather necessary information and explain credit decisions


• Credit Policy Development: Contribute to the development and refinement of credit policies and procedures to improve the overall credit risk assessment process


• Portfolio Monitoring: Continuously monitor the credit performance of existing loans and credit lines, identifying potential risks and suggesting remedial actions


• Market Research: Stay informed about industry trends, economic conditions, and changes in credit markets that may impact lending decisions

Minimum Education, Knowledge, and Skills

• Bachelor's degree in finance, accounting, economics, or a related field


• Strong analytical skills and proficiency in financial statement analysis


• Knowledge of credit scoring models and risk assessment techniques


• Familiarity with regulatory guidelines and compliance requirements related to lending and credit


• Excellent written and verbal communication skills


• Attention to detail and the ability to work independently and as part of a team


• Proficiency in financial software and data analysis tools


• Problem-solving skills and the ability to make sound decisions based on available information


• Prior experience in credit analysis or a related role is advantageous