Credit analysts have a wide range of responsibilities within the company. At the most basic level, they should have a strong background in finance because they will be analyzing historical information and client financial data, including statements and tax reports, to identify trends and lending risks. These analysts also play a role in guiding clients to make financial decisions.
This position isn’t just about crunching numbers. Your credit analyst job description should specify that the ideal candidate needs to have exceptional communication and customer service skills to work closely with clients, making recommendations about loan applications, credit strategies and other financial practices.
Thus, your job posting needs to target well-rounded professionals who are not only skilled in financial analysis but also comfortable with the client side. This sample credit analyst job description offers some ideas about what you should include as you write your own job posting.
Credit Analyst Job Summary
If you enjoy working in a challenging, fast-paced environment and have an aptitude for numbers and economics, the position of credit analyst is right for you. In this position, you’ll have a wide range of duties, including assessing client credit information, financial stability and risk to support lending decisions. This job allows you the opportunity to stay on top of the latest trends in the business world and share your knowledge with diverse team members, including representatives from sales, human resources and marketing. By applying your expertise, you’ll play a vital role in developing lending solutions to help our customers pay their bills and realize their goals.
- Maintain a customer-oriented outlook at all times, provide timely services and make a point of following up with clients to ensure they have the best possible experience with our company
- Interpret relevant documents, including tax returns, credit reports and financial statements
- Work closely with customers to evaluate their financial status, identify lending risks, address concerns and assess credit or other financial transactions
- Assess client portfolios to identify delinquent financial behavior
- Analyze historical data, including credit, liquidity and profitability, within a given industry to understand financial trends and provide points of comparison for existing customer portfolios
- Provide support in the collection of information, such as financial statements, needed for credit assessment
- Compile, prepare and provide reports on financial statements, sensitivity analyses, projections and other relevant documents
- Complete ongoing education as needed to stay up to date on company, state and federal best practices for collections, lending and related services, as well as current economic and business trends
Job Skills & Qualifications
Credit Analyst Job Responsibilities
If you are out to write the credit analyst job description that will bring your company a candidate whose fit for the position locks in on both the skill axis and the corporate culture axis, then you need to know how to write out a stellar list of job responsibilities. As the most detailed section of the description, this is where you have the opportunity to really make the reader visualize the day-to-day elements of the job with clear writing. That means knowing how to be specific in ways qualified candidates will respond to, so let’s recap some best practices for writing credit analyst job responsibilities.
To start the process, distil the core functions of the job down to the 6-8 most representative tasks. These are the most mission-critical aspects of the job, not the only duties, and the reader will understand this. Once you have the list worked out, rewrite them in active language, and start each with a clear verb. This helps the reader to visualize the activity while reading.
Here are some examples of job responsibilities you can adapt as you write your credit analyst job description:
- Assess risks to business operations when they apply for extended credit
- Compile information from reports into a spreadsheet
- Analyze financial data to create models predicting likely outcomes
- Discuss findings with customers to answer their questions about business credit
Credit Analyst Job Specifications
As you write out the credit analyst job description, it can be easy to forget that sections with fewer words are just as vital as the longer sections. That’s why you need to prepare the job qualifications and skills section with care—the omission of vital credit analyst job specifications here could lead to trouble finding qualified candidates.
To make sure you have a complete list of skills in your job description, review the document with a hiring manager or with someone who closely supervises people in this position. It’s also a great idea to check out other reliable sources for a few different examples of the skills and credentials this section should contain, so you can cross-reference them for completeness and accuracy.
As you write, remember that you need to use specific language the jobseeker will find recognizable. Referencing skills or tools that hires use throughout the execution of these duties will be vital to making sure that happens.
Here are a few skills and specifications you can adapt to your own credit analyst job description:
- Strong customer service skills, including assessing customer needs and evaluating customer satisfaction
- Quantitative analysis skills
- Proficiency with financial management software
- Strong deductive reasoning skills