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Title
Text copied to clipboard!Commercial Credit Analyst
Description
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We are looking for a detail-oriented Commercial Credit Analyst to assess the creditworthiness of potential customers. The Commercial Credit Analyst's responsibilities include analyzing financial data, assessing various risks, and making decisions about extending credit to businesses. You will be responsible for gathering and analyzing financial data about clients, including paying habits or history, earnings and savings information, and purchase activities. Once this data has been collected and analyzed, the Commercial Credit Analyst will write a report and make a recommendation to the loan committee. You will also assist in the writing of loan policies and procedures; this includes making updates as needed. The ideal candidate will have a strong background in financial analysis, excellent decision-making skills, and a deep understanding of risk assessment.
Responsibilities
Text copied to clipboard!- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
- Monitor economic conditions that may impact credit risk.
Requirements
Text copied to clipboard!- Bachelor's degree in finance, accounting, or a related field.
- A minimum of 2 years' experience in a similar role.
- Strong understanding of lending procedures.
- Excellent interpersonal and communication skills.
- Good understanding of financial software.
- High attention to detail.
- Good mathematical skills.
- Understanding of business structures and financial statements.
- Ability to work well under pressure.
- Excellent decision-making skills.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with financial software?
- How do you handle pressure and tight deadlines?
- Can you explain your understanding of business structures and financial statements?
- How do you assess the risk of lending to a business?
- Can you describe a time when you had to make a difficult decision regarding a loan application?