Credit Analyst

Job Profile

Business Credit Analyst – Business Credit Analysts evaluate the risk when claiming business loans. They manage the credentials of the clients business. They thoroughly go through assets, profit, and losses. They even access the security of the client’s business client’s economic growth and client’s potential growth. They approve, provide, render and guide the clients who are involved in business.

Consumer Credit Analyst – A Consumer Credit Analyst analyzes the risk in seeking personal loans. They provide details of the loans, check the documents, study client’s history and liabilities. They even gather information such as past credit details, default, an asset in the form of money, investment or real estate, salary, and credit.

Corporate Credit Analyst – A Corporate Credit Analyst undertakes the credit risk of a non-financial Enterprises like industry, companies in manufacturing firms, trading firms and service providing agencies. A Corporate Credit Analyst manages the portfolio of corporate counterparties not only based on the financial background of the form but also based on its pay scale, geography, manufactured products and the other industries for firms involved in it. They even provide the support analysis of loan and product transactions depending on individual’s experience.

Financial Institution Credit Analyst – A Financial Institute Credit Analyst assesses the certification of a financial interdisciplinary. There is a lot of transaction between two banks, so they evaluate the cash flow and the collateral-based loans credit. They are responsible for accepting the loan servicing department in the maintenance of loan files, payoff and support portfolio of the financial firm.

Sovereign Credit Analyst – Countries all over the world borrow and lend funds from their symbiosis countries, IMF, World Bank and other financial firms. A Sovereign Credit Analyst measures the certification of the government of a country from where the fund will be borrowed. Analysis of the country is based on tax, the geopolitical situation, expenditure, and fiscal deficit. An ideal brain credit analyst has a good understanding of country risk and economics through working with experienced analysts.

Credit Investment Analyst – A Credit Investment Analyst analyses security based on certain factors, and depending on the factors comes the risk. They analyze both like credit risk, interest rate risk of the security so that the institution of form investors can make informed decisions before investing.

Banks and the other Financial Institutions – All the banks which provide credit to the individual and corporate firms are the biggest job givers of the credit analyst for the even measure the worth of the loan of an applicant.

Institutional Investors – Institutional investors recruit the employee analyst to measure the Predator is that it involves bonds and other securities.

Rating Firms – Rating Agencies give credit rating to banks, other Financial Institutions, corporate and government. These are some Global credit rating Agencies that recruit search analysts.

Government Agencies – Government Agencies like banks, credit providers, market participants and policy Agencies search for analysts to analyze the creditworthiness of the country.

Salary/Package

The average salary that a business manager gets is somewhere between Rs 2.3 to 12 lakh p.a. and sometimes above that, depending upon the experience. The salaries may also vary based on skills, roles, location, etc.

Skills required

• Industrious – This job requires great attention to the details. A Credit Analyst seeks the missing information that can lead to incorrect analysis of a customer and a firm looking for problems.
• Soft skills – Many Credit Analyst careers require communicating the analysis to the team, client or publishing a report. Should be able to effectively communicate the decision to the wide range of people in oral and written form.
• Adept at organizing, analyzing and reporting data
• Strong interpersonal skill
• Skill in working with details and numbers
• Qualitative analysis – A Credit Analyst should be capable of reviewing and creating a total number and explaining it to the client.
• Industry knowledge – Analysts work in the industry with dignity and have a sector with specific soft skills. For analysts looking for a career in a particular sector means that they should have a full knowledge and understanding of his work.

Pros and Cons of a Credit Analyst

Pros

• Work with important information and data
• Access to senior management of the company
• Handling of confidential information
• Provide recommendations to improve the business
• Good compensation and salary

Cons

• Long hours
• High level of responsibility (stress)
• High urgency for most work
• Extreme attention to detail required

How do I be one

Path 1

Class XII (Stream: Commerce) >> Graduation (BFIA) >> Post Graduation (MBA (Finance)) >> Goal (Credit Analyst)

Path 2

Class XII (Stream: Commerce) >> Graduation (B.Com) >>  PG (M. Com/CFA/MBA (Fin)) >> Goal (Credit Analyst)

Path 3

Class XII (Stream: PCM) >> Graduation (B.Sc Maths/B.Stats/B.Eco) >> Post Graduation (MBA (Fin)/CCRA) >> Goal (Credit Analyst)

Path 4

Class XII (Stream: Commerce) >> Graduation (Graduation) >> Post Graduation (CCRA/CFA/FRM) >> Goal (Credit Analyst)

• Bachelor in Finance & Investment Analysis (BFIA)

• The Certified Credit Research Analyst (CCRA)
• The Certified Credit Research Analyst (CCRA) is a global education program. It imparts training in debt capital markets and bank loan markets.
• Regular course: Level 1 & Level 2 exams. Eligibility: Graduates/ from any stream Professionals.
• Expert Mode: Only Level 2 exam. Eligibility: CA/FRM/CIIA/CAIIB/CS/ICWA/PRM/CFA
• CCRA Certification is offered by Association of International Wealth Management of India (AIWMI) & National Institute of Securities Markets (NISM).
• Certified Financial Analyst (CFA)
• Financial Risk Management (FRM)