Commercial Credit Analyst collects, reviews, and analyzes data to prepare a detailed credit analysis that evaluates the terms and creditworthiness of commercial loan applications. Uses multiple sources of information, including financial statements, collateral appraisals, credit scores, and cash flow analysis, to assign risk ratings to loans and complete an analysis of the applicant's financial status. Being a Commercial Credit Analyst calculates debt-to-income (DTI) ratios to evaluate an applicant's ability to repay the loan. Prepares credit memos in a standardized format that includes key ratios, supporting information, an executive summary, and objective recommendations. Additionally, Commercial Credit Analyst presents credit reports to loan officers and loan committees. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Commercial Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Credit Analyst needed to underwrite commercial and consumer loans.
Responsibilities
Will analyze corporate and personal financial statements and tax returns. Will prepare credit analysis and memos and assist with special projects as needed.
Qualifications
Bachelor’s degree is preferred with a minimum of one year of experience or equivalent combination of education and experience. Must be familiar with Microsoft Word and Excel and have a basic understanding of accounting and finance. Excellent oral and written communication skills are a must along with the ability to work under deadlines and manage multiple tasks.