Credit Analyst Jobs | Main Region
Credit Analyst Jobs in Australia
What does a Credit Analyst do?
What skills does a Credit Analyst need to have?
Credit Analyst job responsibilities
- Analyse financial statements and data to determine the level of risk when giving credit
- Provide analysis and recommendations about the ability of an individual or organisation to meet and honour their financial obligations
- Review credit limits of existing customers
- Contact third parties when gathering credit information about customers
- Fill out and submit loan applications for approval
- Measure risk by using computer and statistical models
- Prepare reports on customers with loans that are outstanding
- Stay-on-top of any changes in legislation or regulations for giving out credit to customers or organisations
- Effectively communicate with internal and external parties
Skills and experience employers are looking for
- Great attention to detail and due diligence
- Ability to multitask and meet deadlines
- Strong communication skills
- Advanced mathematical and numeracy skills
- Excellent understanding of financial software
A Credit Analyst must also be able to cope with the pressure and demands of deadlines. Being well organised, having good time management skills and the ability to multitask ensure that deadlines are met well in advance. Those who can work autonomously and recognise matters of urgency will be well positioned. This is beneficial to all parties involved including the applicant, management, and the Credit Analyst.
The importance of strong communication skills should not be underestimated. Employers regard this as an essential for a Credit Analyst. They should be able to effectively communicate with fellow employees, brokers, superiors, and clients where necessary at all times. This is not limited to communication in person or by phone, and includes reports generated relating to applications.
What type of employers hire a Credit Analyst?
Consulting – Opportunities exist for Credit Analysts to work independently and provide advice to private clients about the best way to obtain credit.
Debt Collection – Another career path for a Credit Analyst is to work in debt collection and assist in the recovery of debts.
Credit Analyst qualifications
- Bachelor Degree in Finance, Commerce or Accounting
- Completing the Chartered Financial Analyst (CFA) program will enhance job prospects
- Higher School Certificate
- Financial software knowledge
How much does a Credit Analyst earn?
How to become a Credit Analyst in Australia
- Bachelor’s Degree in finance, Commerce or Accounting.
- Certificate IV in Finance or equivalent.
- Industry experience is crucial with many employers requesting at least three year’s experience in a lending institution.
- Work on your core skills, especially attention to detail.
- Knowledge of financial software would be beneficial, especially statistical models.
- Proficiency in Microsoft Office with a high level of expertise in Excel spreadsheets.