Banking credit analysts research and review consumer credit information through various sources to analyze the creditworthiness of applicants for their institution's services. They must also interview references, review relevant financial data of the applicants, and determine an appropriate line of credit (if one is determined to be appropriate). Banking credit analysts typically work daily with the sales department, lessees of vehicles and property, and property dealers and brokers to ensure the correct processing of credit applications. Their work with dealers also assists the sales department by proxy, as relationship-building skills are used by all three parties to create strong professional ties.
Credit Analyst, Banking Tasks
Ensure that approved accounts remain in good standing.
Establish terms for approved credit requests.
Assess credit risk.
Aggregate and evaluate data related to credit and credit risk to support organizational decision-making.