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Title
Text copied to clipboard!Commercial Credit Analyst
Description
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We are looking for a dedicated and detail-oriented Commercial Credit Analyst to join our finance team. The Commercial Credit Analyst will play a crucial role in assessing the creditworthiness of commercial clients, analyzing financial data, and making informed recommendations to support lending decisions. This position requires a strong analytical mindset, excellent communication skills, and the ability to work collaboratively with various departments to ensure accurate and timely credit evaluations.
The ideal candidate will have a solid understanding of financial statements, credit risk assessment, and industry-specific financial trends. You will be responsible for conducting thorough financial analyses, reviewing credit applications, and preparing detailed reports to assist management in making sound lending decisions. Additionally, you will monitor existing credit portfolios, identify potential risks, and recommend appropriate actions to mitigate these risks.
In this role, you will collaborate closely with sales teams, relationship managers, and senior management to ensure that credit policies and procedures are consistently applied. You will also be expected to stay updated on market conditions, regulatory changes, and industry developments that may impact credit decisions.
Your responsibilities will include evaluating financial statements, cash flow projections, and credit histories to determine the financial stability of potential borrowers. You will also conduct industry and market research to identify trends and potential risks that could affect creditworthiness. Furthermore, you will be responsible for maintaining accurate records of credit evaluations, ensuring compliance with internal policies and external regulatory requirements.
The successful candidate will possess strong organizational skills, attention to detail, and the ability to manage multiple tasks simultaneously. You must be comfortable working independently as well as part of a team, demonstrating initiative and sound judgment in your daily activities. Excellent interpersonal skills are essential, as you will frequently interact with clients, colleagues, and senior management.
We offer a dynamic and supportive work environment, opportunities for professional growth, and competitive compensation packages. If you are passionate about finance, enjoy analyzing complex financial data, and thrive in a challenging yet rewarding role, we encourage you to apply for this exciting opportunity.
Join our team and contribute to our organization's continued success by ensuring prudent credit decisions and maintaining a healthy credit portfolio. Your expertise and analytical skills will be instrumental in safeguarding our financial stability and supporting our strategic business objectives.
Responsibilities
Text copied to clipboard!- Analyze financial statements and credit data to evaluate commercial creditworthiness.
- Prepare detailed credit reports and recommendations for lending decisions.
- Monitor existing credit portfolios and identify potential risks.
- Collaborate with sales teams and relationship managers to gather necessary client information.
- Ensure compliance with internal credit policies and external regulatory requirements.
- Conduct industry and market research to identify trends affecting credit risk.
- Maintain accurate records of credit evaluations and decisions.
- Provide support and guidance to junior analysts and team members.
Requirements
Text copied to clipboard!- Bachelor's degree in Finance, Accounting, Economics, or related field.
- Minimum of 2 years experience in commercial credit analysis or related role.
- Strong analytical and problem-solving skills.
- Proficiency in financial analysis software and Microsoft Excel.
- Excellent written and verbal communication skills.
- Ability to work independently and collaboratively within a team.
- Knowledge of credit risk management principles and regulatory guidelines.
- Attention to detail and strong organizational skills.
Potential interview questions
Text copied to clipboard!- Can you describe your experience analyzing commercial credit applications?
- How do you approach evaluating the financial stability of a potential borrower?
- What financial metrics do you consider most important when assessing credit risk?
- How do you stay updated on industry trends and regulatory changes affecting credit analysis?
- Can you provide an example of a challenging credit decision you made and how you handled it?
