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Commercial Credit Analyst Job Description

Job Descriptions December 28, 2013

Strong mathematical skills are required to become a commercial credit analyst. The job requires knowledge of economics and accounting principles and practices, as well as algebra, geometry, calculus, statistics and their applications. Commercial credit analysts work in banks, credit rating agencies, investment companies and other financial institutions. They must have a solid background in banking, the financial market and the analysis and reporting of financial data.

It is necessary to complete a bachelor degree program with a heavy regiment of business, management, accounting, statistics, mathematics and computer technology to become a commercial credit analyst. Begin your networking early, rely on your professors for references and seek a job internship before graduating.

The Skills Required for the Job Ahead

Critical thinking and strong analytical skills are a vital part of a commercial credit analyst’s job, as the role is one of risk assessment for various types of lending proposals, from the very simple to the highly complex. Commercial credit analysts prepare reports that involve the degree of risk in extending credit to a prospective client. They retain contact with the credit associations and other business representatives for exchanging credit information. They generate financial ratios for evaluating the client’s financial status.

Credit analysts need an intense mathematics background, as they must exhibit business administration abilities, decision making and interpersonal skills. They must have a working knowledge of computer financial software programs. Listening is also an important skill, since they must address the needs of clients and provide quality service to their internal customers.

Commercial credit analysts must develop good business and administration skills. They must have thorough knowledge of business and administrative planning, resource allocation, human resources modeling, leadership techniques and the ability to combine people and resources.

Continuing Education for an Expansive Field

The commercial credit analyst develops sensitivity for future trends. One of the job functions is creating models that will assist predicting credit information patterns through the use of statistical software. The commercial credit analyst may recommend changes to policies or procedures, after assessing the credit worthiness of potential clients. The analyst must ensure that the changes in procedures comply with sector standards.

Commercial credit analysts complete loan applications with an analysis of the loan request and submit them to the loan companies for approval. They review the commercial customer files to identify and select delinquent loans for collection. Credit analysts consult directly with their clients to resolve any complaints they may have and verify credit and financial transactions.

Depending on the location and the type of industry they serve, commercial credit analysts can earn from $70,000 to $112,000 a year. There is a greater need for commercial credit analysts in metropolitan areas. In-depth knowledge of geographic regions and legal requirements are necessary as businesses extend into International trade. Demand for commercial credit analysts is expected to grow by 23%, which is faster than all other occupations.

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  • Ranked among the Best Online Bachelor’s Programs by U.S. News and World Report in 2015.
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  • Founded in 1890, it has a campus in Waterbury, CT and offers online degree program in eight-week modules, six times a year.
  • About 800 students are enrolled at the main campus, and about half of them commute.
  • Online courses make it possible for students to earn a bachelor’s degree in as little as 18 months and a master’s degree in 14-24 months.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
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  • Flexible Scheduling
  • Accelerated Programs
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  • Transferable Credits
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