Senior Credit Analyst

A finance professional who evaluates the credit history of individuals or organizations

What is a Senior Credit Analyst?

A senior credit analyst is a finance professional who is responsible for evaluating the credit history of individuals or organizations to identify the risk level of loaning them money. They make recommendations based on the results of their assessments using credit agency tools. To help your career, consider a Credit Analyst Certification to stand out from the crowd.

The work of credit analysts is collaborative. They usually work closely together with loan officers to verify credit information and history with clients.

 

Senior Credit Analyst

 

Job Responsibilities of a Senior Credit Analyst

The responsibilities of a senior credit analyst may vary depending on the needs of employers. In general, below are the tasks that are assigned to the analysts:

  • Create analyses of financial statements of clients
  • Monitor the credit risk of clients
  • Evaluate and authorize credit limits
  • Perform underwriting of loan requests and reviews

 

Educational Requirements

If you want to establish a career in the finance industry as a senior credit analyst, you need at least a bachelor’s degree in finance, accounting, or a related field. You also need to gain about four to seven years of work experience in credit or loan evaluation.

An individual working in the credit industry should also possess skills in loan underwriting, financial analysis, commercial loans, risk control, and risk management.

Check out CFI’s Certified Banking & Credit Analyst (CBCA) program, designed specifically for credit analysts.

 

Common Employers and Career Options

Senior credit analysts can look for job opportunities in banks and financial institutions, including U.S. Bank, Wells Fargo Bank, Bank of America Corp., Cobank, Farm Credit, Expeditors International of Washington, Inc., Umpqua Bank, as well as M&T Bank Corp.

As you gain experience in the role, you can take on more responsibilities and move to higher positions such as a portfolio manager, credit manager, or credit/collections manager.

 

More Resources

CFI is the official provider of the global Certified Banking & Credit Analyst (CBCA) program, designed to help anyone become a world-class financial analyst. To keep advancing your career, the additional CFI resources below will be useful:

  • Credit Analyst Interview Questions
  • Debt Covenants
  • Risk Management
  • Top Finance Certifications