Credit Analyst

Credit Analyst

Reports To: Sr. Credit Manager and/or Chief Credit Officer, Senior Credit Officer

Location: Hybrid with some in-office requirements

Position Summary

The Credit Analyst plays a pivotal role in shaping the financial landscape of our organization by leading our credit risk management strategy. This position requires analytical expertise and strategic insight to influence high-stakes decisions, ensuring the long-term financial health and growth of the credit department. Reporting directly to the Sr. Credit Officer and/or Chief Credit Officer, the Credit Analyst will assess credit data, evaluate financial statements, and contribute to lending decisions that align with the organization's risk tolerance and objectives.

This role requires a keen eye for financial details, strong decision-making abilities, and effective communication to collaborate with internal teams and customers.

Primary Focus

• Analyze credit risk and assess financial health of individuals and businesses.
• Develop credit evaluations to support loan decisions.
• Collaborate with internal teams and external clients to manage credit portfolios.
• Utilize data-driven insights to mitigate risks and enhance profitability.

Key Responsibilities

1. Credit Analysis & Risk Management

• Analyze credit data and financial statements to determine creditworthiness and risk level.
• Generate financial ratios and models to assess customers’ financial status.
• Compare liquidity, profitability, and credit histories across industries and geographic locations.
• Prepare risk assessment reports and present findings to loan committees.

2. Loan Application & Approval Process

• Complete loan applications, including credit analyses and summaries of loan requests.
• Submit findings to loan committees for review and approval.
• Consult with customers to verify financial and credit transactions and resolve disputes.

3. Collections & Payment Plans

• Contact customers to collect payments on delinquent accounts.
• Evaluate customer records and recommend structured payment plans.
• Review customer files and identify high-risk accounts for further action.

4. Collaboration & Reporting

• Work with internal credit teams and business representatives to exchange credit information.
• Maintain accurate and updated credit records and reports.
• Support risk management initiatives by identifying trends and providing recommendations.

Qualifications and Requirements

Preferred Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• Certificate in Commercial Credit (CICC) – preferred.
• Certified Credit Professional (CCP) – preferred.
• Credit and Counterparty Risk Management (CCRM) – preferred.

Minimum Qualifications

• High School Diploma or GED Equivalent.
• Experience in credit analysis, financial statement review, or risk assessment preferred.

Technical & Computer Skills

• Proficiency in database management for handling large amounts of financial data.
• Strong Excel skills, including financial modeling and data analysis.
• Experience with credit risk software and reporting tools.
• Ability to create and manipulate presentations, spreadsheets, and word processing documents.
• Strong internet navigation and research skills to support financial evaluations.

Other Knowledge, Skills & Abilities

• Excellent analytical and problem-solving skills.
• Strong communication and negotiation abilities.
• Attention to detail and ability to handle sensitive financial information.
• Ability to work independently and collaborate with teams across the organization.

Work Environment

• Hybrid role with some in-office requirements and collaboration with internal credit teams.