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A credit analyst [1] [2] is a person employed by an organization to analyze the credit worthiness of customers and potential customers, and to assist in the ongoing management, classification and quantification of credit risk thereafter. See Credit analysis § Role and Financial analyst § Corporate and other for discussion.
A credit assistant is a person employed by an organization to provide support services to credit managers, credit analysts and other members of the credit department. This position is often entry level. [1] Job responsibilities may include: Collections; Gathering credit reports, financial histories and other data for credit analysts
Usually, financial analysts study a specific industry—called "sector specialists"—assessing current trends in business practices, products, and industry competition. [7] Among the industries with the most analyst coverage are biotechnology, financial services, energy, mining and resources, and computer hardware, software and services ...
An entry-level job is a job that is normally designed or designated for recent graduates of a given discipline and typically does not require prior experience in the field or profession. These roles may require some on-site training. Many entry-level jobs are part-time and do not include employee benefits.
One objective of credit analysis is to look at both the borrower and the lending facility being proposed and to assign a risk rating.The risk rating is derived by estimating the probability of default by the borrower at a given confidence level over the life of the facility, and by estimating the amount of loss that the lender would suffer in the event of default.
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