Credit Analyst
What's it like to be a Credit Analyst?
Credit Analysts are a type of finance professional who focuses on evaluating an applicant’s eligibility for credit, loans, investments, and similar financial assistance products and services. Credit Analysts can typically be found working in financial institutions such as banks, credit companies and loan providers.
Tasks and duties
- Analysing a credit or loan applicant’s financial documents and information, including bank statements, credit history, and pay slips.
- Endorsing applications for approval based on eligibility according to provided guidelines and requirements.
- Identifying application discrepancies and risks.
- Creating reports about application data, outcomes, and other necessary information as requested by the client.
How to become a Credit Analyst
You can become a Credit Analyst without a formal qualification. However, having a relevant qualification and training can be an advantage.
Complete a bachelor degree in accounting, economics, finance or a related field.
Pursue further studies in any of the above programs. Alternatively, obtain a certification that’s relevant to the industry or field that you plan on entering. For example, the Asian Institute of Chartered Bankers (AICB) offers the Professional Credit Certification (PCC).
Gain experience by working in a financial company or institution. Some employers prefer those with several years of experience in credit analysis, credit risk management, or similar areas.
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