JourneyCareersCredit Analyst
Global Career Guide (EN)From Finance & Accounting β†’

Credit Analyst

AI

Credit analysts look at financial information to decide whether people or businesses are safe to lend money to. Banks and other lenders rely on you to work out the risks before they hand over hundreds of thousands of pounds.

The role

What a credit analyst actually does, day to day.

As a credit analyst, you study financial documents to understand whether someone can pay back a loan. You read their bank statements, tax records, business accounts and other numbers to spot patterns and risks. Your job is to say 'yes, lend to them' or 'no, that's too risky', and the lender will listen to what you say.

Every day you will look at spreadsheets and reports, work out what the numbers mean, and write up your findings. You might analyse one small business trying to borrow money for new equipment, or look at a big company's finances over several years. You need to be thorough and spot small problems that others miss, because a mistake here can cost the lender a huge amount of money.

A typical week

Day to day

1Analyze financial statements and credit reports to assess the creditworthiness of clients.
2Conduct detailed risk assessments and develop credit risk models.
3Prepare comprehensive reports and present findings to management or lending committees.
4Monitor and evaluate existing credit portfolios and recommend necessary adjustments.
5Collaborate with sales and underwriting teams to ensure alignment on credit policies.
6Stay updated on market trends, economic conditions, and regulatory changes affecting credit.
7Communicate with clients to gather necessary financial data and clarify information.
8Utilize financial software and tools to enhance analysis efficiency.