What are the responsibilities and job description for the Credit Analyst position at Augment Jobs?
Job Description
As a Credit Analyst, you will play a critical role in assessing the creditworthiness of individuals, businesses, or financial institutions seeking credit facilities or loans. Your responsibilities will include analyzing financial data, evaluating credit risk, preparing credit reports, and making recommendations to underwriters or credit committees. You will need strong analytical skills, attention to detail, and the ability to interpret complex financial information to make informed credit decisions.
Responsibilities
As a Credit Analyst, you will play a critical role in assessing the creditworthiness of individuals, businesses, or financial institutions seeking credit facilities or loans. Your responsibilities will include analyzing financial data, evaluating credit risk, preparing credit reports, and making recommendations to underwriters or credit committees. You will need strong analytical skills, attention to detail, and the ability to interpret complex financial information to make informed credit decisions.
Responsibilities
- Gather and analyze financial information, including financial statements, cash flow projections, credit reports, and other relevant data, to assess the creditworthiness of borrowers.
- Evaluate credit risk factors, such as debt service coverage, leverage ratios, liquidity, and profitability, to determine the borrower's ability to repay debt obligations.
- Conduct industry research and assess market conditions to identify risks and opportunities associated with specific borrowers or industries.
- Prepare credit reports summarizing the credit analysis, risk assessment, and recommendation for approval or denial of credit facilities.
- Present credit recommendations to underwriters, credit committees, or senior management, providing rationale and supporting evidence for credit decisions.
- Monitor existing credit exposures, review financial performance, and assess changes in credit risk profiles to ensure compliance with credit policies and procedures.
- Collaborate with relationship managers, loan officers, and other stakeholders to gather additional information and address credit-related inquiries.
- Stay informed about regulatory requirements, industry best practices, and market trends related to credit analysis and risk management.
- Bachelor's degree in finance, accounting, economics, or a related field. Master's degree or CFA designation preferred.
- Previous experience in credit analysis, commercial banking, lending, or financial services roles preferred.
- Strong analytical skills, with the ability to interpret financial statements, analyze cash flow projections, and assess credit risk factors.
- Proficiency in financial modeling, ratio analysis, and credit scoring techniques.
- Excellent communication and presentation skills, with the ability to convey complex financial information clearly and concisely.
- Detail-oriented with strong organizational skills, capable of managing multiple tasks and deadlines in a fast-paced environment.
- Ability to work independently and collaboratively in a team-oriented environment, with a proactive and results-oriented approach.
- Knowledge of credit regulations, compliance requirements, and risk management practices.
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