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Image of career: Credit Analyst

Credit Analyst

Overview

Credit analysts measure and analyse corporate credit risks, assessing the chances of borrowers failing to repay their loans.

Description

  • Identify credit risk factors and how to reduce them.
  • Analyse variables that affect a company’s collection of loans.
  • Provide credit risk assessments for companies.
  • Monitor, manage, and report macroeconomic events (like the global economic slowdown caused by COVID-19).

Entry requirements

  • You'll need a Bachelor's Degree in Finance, Accounting, Economics, Business, or related fields.
  • Be familiar with basic accounting, finance, and financial statement analysis. Knowledge of statistics, economics, and industry assessment are a bonus.

Salary

$3,700 – 5,100

/mo

Salary ranges are estimated based on public information found on Singaporean job portals, including MyCareersFuture, MySkillsFuture. Updated as of 2026.

Trivia

Credit analysts are in high demand, because they help identify potential risks and minimise losses – which is important for any business.

What to expect

You’ll make crucial decisions on purchases and interest rates, which may be demanding. To guide your strategy, you'll create financial models and evaluate investments.

Soft
skills

Attention to Detail

Able to examine documents and data carefully to ensure accuracy and spot potential risks.

Communication

Ability to explain credit card-related information clearly to colleagues, clients, and stakeholders.

Innovative Problem-Solving

Able to creatively address credit card issues and other risks.

Data Analytics

Ability to analyse data and trends to assess whether clients will repay credit debts.

Advisory Skills

Able to provide informed, data-driven advice on decisions and risk strategies.

Proficiency in Financial Software

Ability to use software for financial modelling, risk assessment, and credit analysis.

Hard
skills

Frequently asked questions

Credit risk is the chance of losing money when borrowers can't pay back what they owe. For lenders, this means they might not get back the original loan amount plus interest.

A credit analyst is a type of financial analyst. They specialise in checking creditworthiness, while financial analysts cover broader topics.

Technology helps credit analysts make better decisions by giving them easier access to data.

Communication skills are crucial for working with teams, gathering accurate information, making informed decisions, and presenting analysis to clients.

Yes, they must maintain confidentiality, stay impartial, act professional, and be transparent.