Credit AnalystCredit analyst is the person who performs credit analysis. Credit analysis is the process of evaluating an applicant's loan request or a corporation's debt issue in order to determine the creditworthiness. Credit analysts assess collateral values and credit risk, and prepare written credit-approval packages or denial correspondence. They confer with representatives of credit associations and other businesses to exchange information concerning credit ratings and forwarding addresses.
Typical work activities of a credit analyst includes to provide quality service to internal customers through undertaking risk assessment analysis of various types of lending proposals and to analyze financial information, such as statements, management accounts and cash flow statements. Credit analyst develops models of credit information using specialist statistical software, helps to ensure that procedures comply with sector standards and stays informed about the legal, compliance and market-risk-related issues.
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