What does a credit analyst do?
As you know, we will give you some information about the concept of credit analyst, which we have heard frequently recently, and what credit analysts do.
What does credit analyst mean?
Credit analyst is a profession that collects and analyzes the financial data of people or companies requesting credit cards or loans. As a result of the evaluations, it informs the customer, makes suggestions and ensures that the necessary procedures are carried out / The credit analyst is responsible for the evaluation of risk factors that will prevent the approval of loan applications. It collects and analyzes the financial history of the applicants and acts as a result of the analysis.
What Does a Credit Analyst Do? What are their Duties and Responsibilities?
A credit analyst may work within commercial banks or investment companies. Provides guidance on loan financing, credit risks and related issues. Other duties include:
Gathering information about customers,
Evaluating, analyzing and interpreting financial information,
Preparing reports on risk levels,
To make risk analyzes by developing statistical tables,
To keep the company credit limits under the determined risk limits,
Filling the necessary forms for loan application and submitting them to the committee.
We have answered the questions of what is a credit analyst and what do credit analysts do, see you in our next article.