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Title
Text copied to clipboard!Commercial Credit Analyst
Description
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We are looking for a meticulous and analytical Commercial Credit Analyst to join our finance team. The ideal candidate will be responsible for evaluating the creditworthiness of commercial clients by analyzing financial statements, credit reports, and other relevant data. This role requires a deep understanding of financial principles, excellent analytical skills, and the ability to make informed decisions based on complex data. The Commercial Credit Analyst will work closely with the sales and risk management teams to ensure that credit decisions align with the company's risk appetite and financial goals. The successful candidate will have a strong background in finance or accounting, exceptional attention to detail, and the ability to communicate complex financial information clearly and concisely. This is a critical role that directly impacts the company's financial health and requires a proactive approach to identifying potential risks and opportunities. If you are a detail-oriented professional with a passion for finance and a knack for analysis, we encourage you to apply.
Responsibilities
Text copied to clipboard!- Analyze financial statements, credit reports, and other relevant data to assess creditworthiness.
- Prepare detailed credit reports and risk assessments for commercial clients.
- Monitor existing credit accounts to identify potential risks and recommend actions.
- Collaborate with sales and risk management teams to align credit decisions with company goals.
- Develop and maintain financial models to support credit analysis.
- Review and update credit policies and procedures as needed.
- Conduct industry and market research to support credit decisions.
- Communicate credit decisions and recommendations to stakeholders.
- Assist in the development of credit scoring systems and tools.
- Ensure compliance with regulatory requirements and company policies.
- Provide training and support to junior analysts and other team members.
- Participate in credit committee meetings and present findings.
- Maintain accurate and up-to-date records of credit assessments and decisions.
- Identify opportunities for process improvements and implement changes.
- Stay current with industry trends and best practices in credit analysis.
Requirements
Text copied to clipboard!- Bachelor's degree in finance, accounting, or a related field.
- Minimum of 3 years of experience in credit analysis or a related role.
- Strong understanding of financial statements and credit reports.
- Excellent analytical and problem-solving skills.
- Proficiency in financial modeling and analysis tools.
- Strong attention to detail and accuracy.
- Ability to communicate complex financial information clearly and concisely.
- Experience with credit scoring systems and tools.
- Knowledge of regulatory requirements related to credit analysis.
- Strong organizational and time management skills.
- Ability to work independently and as part of a team.
- Proficiency in Microsoft Office Suite, particularly Excel.
- Strong interpersonal and communication skills.
- Ability to handle confidential information with discretion.
- Proactive approach to identifying and mitigating risks.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with financial statement analysis?
- How do you approach assessing the creditworthiness of a new client?
- What financial modeling tools are you proficient in?
- Can you provide an example of a time when you identified a potential credit risk and how you handled it?
- How do you stay current with industry trends and best practices in credit analysis?
- Describe a challenging credit decision you had to make and the outcome.
- How do you ensure compliance with regulatory requirements in your credit analysis?
- What strategies do you use to communicate complex financial information to non-financial stakeholders?
- How do you prioritize your tasks when managing multiple credit assessments?
- Can you discuss a time when you implemented a process improvement in your credit analysis work?