Credit Analyst

Job Title: Credit Analyst

Position Summary: The Credit Analyst will be responsible for assessing the creditworthiness of potential clients, analyzing financial statements, and providing insights and recommendations regarding loan approvals and credit risk. This role requires a deep understanding of financial analysis, risk management, and credit policies to support sound lending decisions and ensure the overall financial health of the bank.

Key Responsibilities:

• Credit Evaluation:
• Analyze financial statements, credit reports, and other relevant data to assess the creditworthiness of individual and business clients.
• Prepare detailed credit analysis reports, including risk assessments and recommendations for loan approval or denial.
• Risk Management:
• Evaluate the potential risks associated with lending decisions and ensure compliance with the bank's risk management policies and regulatory standards.
• Assist in identifying and mitigating credit risks for both consumer and commercial loans.
• Loan Portfolio Management:
• Monitor existing loans to ensure timely repayment and compliance with agreed terms.
• Support senior management with ongoing monitoring of credit exposure and adjustments to loan terms where necessary.
• Collaboration:
• Work closely with Relationship Managers and other teams within the bank to support the credit decision-making process.
• Provide recommendations and assist in structuring loan terms for new and existing clients.
• Reporting & Documentation:
• Maintain accurate and up-to-date records of all credit analysis and decisions.
• Prepare regular reports on credit analysis trends, portfolio performance, and risk assessments for management review.
• Market Research:
• Stay informed of economic trends, industry developments, and regulatory changes affecting credit risk and the banking environment.
• Provide insights to management based on market trends and financial conditions.

Qualifications:

• Education:
• Bachelor’s degree in Finance, Accounting, Economics, or related field.
• Experience:
• Minimum of 2-4 years of experience in credit analysis, lending, or financial analysis within the banking or financial services industry.
• Strong understanding of financial statements, credit analysis techniques, and risk management principles.
• Skills:
• Excellent analytical skills and attention to detail.
• Strong knowledge of financial modeling, credit risk assessment, and financial statement analysis.
• Proficiency in Microsoft Excel and financial software/tools.
• Good understanding of banking regulations and credit policies.
• Strong written and verbal communication skills for preparing reports and presenting findings.
• Personal Attributes:
• Ability to work independently and as part of a team.
• Strong problem-solving skills and the ability to think critically.
• High level of integrity and professionalism when handling sensitive financial data.

Other Requirements:

• Ability to meet deadlines and manage multiple tasks efficiently.
• Strong organizational skills and the ability to prioritize workload effectively.
• Good interpersonal skills, with the ability to communicate complex financial concepts clearly to both internal teams and clients.

Job Title: Credit Analyst

Position Summary: The Credit Analyst will be responsible for assessing the creditworthiness of potential clients, analyzing financial statements, and providing insights and recommendations regarding loan approvals and credit risk. This role requires a deep understanding of financial analysis, risk management, and credit policies to support sound lending decisions and ensure the overall financial health of the bank.

Key Responsibilities:

• Credit Evaluation:
• Analyze financial statements, credit reports, and other relevant data to assess the creditworthiness of individual and business clients.
• Prepare detailed credit analysis reports, including risk assessments and recommendations for loan approval or denial.
• Risk Management:
• Evaluate the potential risks associated with lending decisions and ensure compliance with the bank's risk management policies and regulatory standards.
• Assist in identifying and mitigating credit risks for both consumer and commercial loans.
• Loan Portfolio Management:
• Monitor existing loans to ensure timely repayment and compliance with agreed terms.
• Support senior management with ongoing monitoring of credit exposure and adjustments to loan terms where necessary.
• Collaboration:
• Work closely with Relationship Managers and other teams within the bank to support the credit decision-making process.
• Provide recommendations and assist in structuring loan terms for new and existing clients.
• Reporting & Documentation:
• Maintain accurate and up-to-date records of all credit analysis and decisions.
• Prepare regular reports on credit analysis trends, portfolio performance, and risk assessments for management review.
• Market Research:
• Stay informed of economic trends, industry developments, and regulatory changes affecting credit risk and the banking environment.
• Provide insights to management based on market trends and financial conditions.

Qualifications:

• Education:
• Bachelor’s degree in Finance, Accounting, Economics, or related field.
• Experience:
• Minimum of 2-4 years of experience in credit analysis, lending, or financial analysis within the banking or financial services industry.
• Strong understanding of financial statements, credit analysis techniques, and risk management principles.
• Skills:
• Excellent analytical skills and attention to detail.
• Strong knowledge of financial modeling, credit risk assessment, and financial statement analysis.
• Proficiency in Microsoft Excel and financial software/tools.
• Good understanding of banking regulations and credit policies.
• Strong written and verbal communication skills for preparing reports and presenting findings.
• Personal Attributes:
• Ability to work independently and as part of a team.
• Strong problem-solving skills and the ability to think critically.
• High level of integrity and professionalism when handling sensitive financial data.

Other Requirements:

• Ability to meet deadlines and manage multiple tasks efficiently.
• Strong organizational skills and the ability to prioritize workload effectively.
• Good interpersonal skills, with the ability to communicate complex financial concepts clearly to both internal teams and clients.