Commercial Credit Analyst Job Description [Updated for 2025]

In the world of finance, the role of commercial credit analysts has become increasingly important.

As businesses and economies continue to evolve, the demand for skilled professionals who can evaluate, monitor, and manage commercial credit risks becomes even more crucial.

But what exactly does a commercial credit analyst do?

Whether you are:

• A job seeker trying to understand the responsibilities of this role,
• A hiring manager looking to define the perfect candidate,
• Or simply curious about the field of commercial credit analysis,

You’ve come to the right place.

Today, we present a customizable commercial credit analyst job description template, designed for effortless posting on job boards or career sites.

Let’s dive right in.

Commercial Credit Analyst Duties and Responsibilities

Commercial Credit Analysts assess the creditworthiness of businesses and determine their ability to repay loans.

They analyze financial data, study market trends and provide recommendations for loan structures.

Their duties and responsibilities include:

• Collecting and analyzing financial information about commercial clients, including business plans, financial statements, and cash flow data
• Evaluating the financial status of clients by analyzing and interpreting data such as revenue, assets, and liabilities
• Performing detailed credit analysis and risk assessment on potential clients
• Preparing detailed credit reports that include the degree of risk involved in extending credit or lending money
• Recommending the approval or denial of credit applications based on analysis
• Monitoring the financial condition of existing customers, including changes in credit risk and payment patterns
• Identifying and suggesting solutions to potential credit problems
• Keeping up-to-date with market trends and regulations related to commercial lending

 

Commercial Credit Analyst Job Description Template

Job Brief

We are seeking a detail-oriented Commercial Credit Analyst to assess and make decisions about customer credit applications.

The Commercial Credit Analyst will analyze financial data to assess the likelihood of a borrower honouring their financial obligations.

Responsibilities include evaluating creditworthiness and risks, conducting research, preparing reports, and keeping up-to-date with the organization’s credit policies.

The successful candidate should have a strong sense of business acumen and excellent numerical skills.

 

Responsibilities

• Assess creditworthiness of potential customers, based on credit policy.
• Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
• Prepare reports about the degree of risk in lending money to clients.
• Evaluate client records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
• Conduct industry and market research and stay current with all applicable regulations.
• Review balance sheets, operating income, trends in industry, and economic conditions.
• Meet with clients to obtain information for loan applications and answer questions about the process.
• Participate in departmental meetings and provide input on potential risk, market conditions and industry trends.
• Maintain up-to-date knowledge about company’s credit policies.

 

Qualifications

• Proven work experience as a Credit Analyst or similar role.
• Experience with financial processing systems and databases.
• Strong proficiency in MS Office and financial software programs.
• In-depth understanding of lending procedures and customer service practices.
• Excellent analytical and organizational skills.
• Good understanding of financial and banking practices.
• Ability to handle sensitive and confidential information.
• BSc degree in Finance, Economics or a related field.

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Commercial Credit Analyst
• Work Environment: Office setting with options for remote work. Some travel may be required for client meetings.
• Reporting Structure: Reports to the Credit Manager or Finance Director.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $80,000 minimum to $110,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Commercial Credit Analyst Do?

A Commercial Credit Analyst is usually employed by banks, credit unions, or other financial institutions.

They play a crucial role in assessing and deciding the creditworthiness of businesses who are seeking loans or other forms of credit.

They closely examine the financial statements, credit history, and market conditions of businesses to assess the risk associated with lending money to them.

This process involves collecting and analyzing financial data such as revenue, expenses, and outstanding debts to calculate financial ratios and determine a business’s financial stability.

Their job also includes conducting a detailed risk assessment which comprises evaluating the business’s ability to repay its loan, the quality of the collateral offered, and the overall financial situation of the business.

This risk assessment helps in deciding the terms of the loan, including interest rates and repayment schedule.

Commercial Credit Analysts prepare detailed reports of their analysis, highlighting the financial status and risk factors associated with each business.

These reports assist the bank or financial institution’s decision makers in approving or rejecting loan applications.

Moreover, they continuously monitor the financial status of existing borrowers to ensure they remain creditworthy and to identify any potential risks in a timely manner.

 

Commercial Credit Analyst Qualifications and Skills

Commercial Credit Analysts use a blend of financial acumen, analytical skills, and interpersonal abilities to evaluate a company’s or individual’s creditworthiness, including:

• Financial analysis skills to review financial statements, credit history, and other related documents to determine the creditworthiness of a prospective borrower.
• Deep understanding of accounting principles, lending practices and industry-specific laws to make informed credit decisions.
• Strong attention to detail to identify potential risks and discrepancies in financial statements and credit reports.
• Excellent communication skills to effectively discuss credit proposals and decisions with management, other team members, and clients.
• Problem-solving skills to identify and resolve credit-related issues and disputes.
• Proficiency in the use of credit analysis software and other financial tools for data analysis and report generation.
• Ability to work collaboratively with other financial professionals, including loan officers and underwriters, to facilitate the credit approval process.
• Strong decision-making skills to make credit recommendations or decisions based on sound financial analysis.

 

Commercial Credit Analyst Experience Requirements

Entry-level Commercial Credit Analysts often possess 1 to 2 years of experience, generally through internships or part-time roles in credit analysis or related fields such as finance, accounting or banking.

This initial experience helps them to develop their analytical and risk assessment skills, along with knowledge of financial principles and credit markets.

Candidates with 2 to 5 years of experience are generally more proficient in evaluating creditworthiness of businesses, financial statement analysis, and understanding regulatory norms.

They may have worked in roles such as Credit Associate, Financial Analyst, or Investment Analyst, which are all relevant for the Commercial Credit Analyst role.

Commercial Credit Analysts with over 5 years of experience often possess advanced skills in risk analysis, underwriting, and portfolio management.

They are also likely to have gained leadership experience and may be ready for senior or managerial roles in credit analysis.

This higher level of experience often comes with extensive knowledge of industry regulations and the ability to make informed recommendations on credit decisions.

 

Commercial Credit Analyst Education and Training Requirements

Commercial Credit Analysts generally need a bachelor’s degree in finance, economics, or a related field.

The degree programs typically cover subjects such as financial management, banking, investments, and financial statement analysis.

Some roles, particularly those that involve complex financial analysis, may require Commercial Credit Analysts to have a master’s degree in finance or business administration (MBA).

On-the-job training is common in this role, and analysts may work under the supervision of a senior analyst or manager during their initial employment period.

Commercial Credit Analysts can also benefit from obtaining professional certifications such as the Chartered Financial Analyst (CFA) or Certified Credit Professional (CCP).

These certifications can demonstrate a candidate’s competence and commitment to professional development in the field of credit analysis.

Knowledge of commercial credit, accounting principles, and proficiency in financial analysis software and spreadsheet programs are also important for this role.

Continued learning and staying updated with new financial regulations, market trends and loan policies are also essential for success in this role.

 

Commercial Credit Analyst Salary Expectations

A Commercial Credit Analyst can expect to earn an average salary of $60,345 (USD) per year.

The actual earnings can differ significantly depending on the individual’s experience, the size and industry of the employing company, and the cost of living in the area.

 

Commercial Credit Analyst Job Description FAQs

What skills does a Commercial Credit Analyst need?

Commercial Credit Analysts must have a strong understanding of financial concepts and be able to analyze financial statements accurately.

They should possess excellent quantitative and qualitative analytical skills.

In addition, they must have strong communication skills, as they often present their findings to management and other stakeholders.

Attention to detail, proficiency in using financial software, and critical thinking skills are also essential.

 

Do Commercial Credit Analysts need a degree?

Yes, Commercial Credit Analysts usually need a Bachelor’s degree in finance, accounting, economics, or a related field.

However, some companies may require a Master’s degree or a Certified Public Accountant (CPA) certification.

Relevant work experience in credit analysis, banking, or finance can also be beneficial.

 

What should you look for in a Commercial Credit Analyst resume?

A Commercial Credit Analyst’s resume should show strong analytical skills and a thorough understanding of financial concepts.

Look for a degree in a related field and experience in credit analysis, banking, or finance.

Mastery of financial software and knowledge of industry standards and regulations are also important.

Certifications like CPA or Chartered Financial Analyst (CFA) can also be a plus.

 

What qualities make a good Commercial Credit Analyst?

A good Commercial Credit Analyst is detail-oriented, thorough, and has a solid understanding of financial concepts.

They should be able to communicate effectively, as they often present their findings to management.

They need to be critical thinkers who can identify potential risks and opportunities in credit applications.

They should also have a good understanding of industry standards and regulations.

 

Is it difficult to hire a Commercial Credit Analyst?

The demand for Commercial Credit Analysts is high due to the complex nature of the role.

It can be challenging to find candidates with the necessary financial knowledge, analytical skills, and relevant experience.

However, offering competitive salaries, continued education opportunities, and a supportive work environment can attract quality candidates.

 

Conclusion

And that wraps it up.

Today, we’ve uncovered the intricacies behind the role of a commercial credit analyst.

Surprised?

It’s not just about number crunching.

It’s about paving the path for financial success, one credit assessment at a time.

With our all-inclusive commercial credit analyst job description template and practical examples, you’re well-equipped to venture forward.

But why limit yourself?

Delve further with our job description generator. It’s your go-to tool for fine-tuning precision-crafted job listings or perfecting your resume.

Always remember:

Every credit analysis forms part of the grand financial scheme.

Let’s create that financial success. Together.

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