Credit Analyst

Credit Analysts perform a supporting role in underwriting, measuring and analysing corporate credit risks. They assess possibilities of loss from a borrower's failure to repay a loan or meet contractual obligations.

Credit Analyst Job Description

Identify and analyse industry trends, economic conditions, and regulatory changes to credit risk factors and possible risk-mitigating actions.

Identify variables affecting the quality and value of the corporate loan portfolio.

Provide credit risk assessment for corporate clients and ensure that loans are made to creditworthy borrowers who minimise risk to the lending institution.

Monitor, manage, and report Macroeconomic events, including emerging risks (such as the global economic slowdown caused by COVID-19).

Note

Credit Analysts help identify potential credit risks for companies. They aid companies in minimising their loss, which is one of the most important objectives of any business!

What you should know about Credit Analyst jobs in Singapore

Nature of Work

You will create financial models, evaluate investments, and advise to aid business decisions and strategy, guiding firms to profitability.

Key Advice

As a Credit Analyst, you make crucial decisions on purchases and interest rates, which can be demanding and shouldn't be taken lightly.

Entry Requirements

Entry Requirements
A bachelor's degree in Finance, Accounting, Economics, Business, or a related field is needed.

You should be familiar with basic Accounting, Finance and Financial Statement Analysis. Theories and applications in Statistics and Economics industry assessment are a bonus to know!
Possible Pathway

Possible Pathway

Skills you need to pursue a Credit Analyst career in Singapore

Hard Skills

Data Analytics

Analyse financial data and trends to assess creditworthiness and risk levels.

Advisory Skills

Provide informed, data-driven advice to clients or management on credit decisions and strategies.

Proficiency in Financial Software

Proficient in software for financial modelling, risk assessment and credit analysis.

Soft Skills

Attention to Detail

Carefully scrutinise financial documents and data to ensure accuracy and detect potential risks.

Communication

Clearly convey credit-card-related information and recommendations to colleagues, clients and stakeholders.

Innovative Problem-Solving

Creatively address complex credit card issues and develop effective solutions for risk management.

Frequently asked questions (FAQs)

What does "credit risk" mean to a company?

Credit risk refers to the possibility of a loss due to the borrowers' inability to pay. For a lender, this means that they may not be able to receive their principle amount and the interest loaned to the borrower.
What is the difference between Financial Analysts and Credit Analysts?

Credit Analysts are actually a subset of the broader career of Financial Analysts. As its name suggests, Credit Analysts specialise in creditworthiness assessment (e.g. the ability of a borrower to repay a loan).
How does technology impact the role of Credit Analysts?

Technology allows Credit Analysts to make well-informed credit decisions effectively and accurately, with easier access to data.
How important are communication skills for Credit Analysts?

Communication skills are important for successful collaboration with the team. It also enables Credit Analysts to gather accurate information, make informed decisions and present their analysis effectively to clients.
Are there any ethical considerations for Credit Analysts?

Yes, there are several ethical considerations Credit Analysts have to take into account. For example, Credit Analysts have to maintain confidentiality, be impartial, maintain professionalism and be transparent to their clients.