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A credit analyst is responsible for ascertaining the creditworthiness of an individual, company, or organisation. They are highly skilled at gathering applicable data, such as paying habits, purchase activities and savings information, and then pinpointing how risky the potential borrower is to lend to. Investment banks, credit card firms and investment companies are among those organisations who rely on credit analysts.
The recruitment agencies listed on this page are highly experienced in matching suitable candidates to credit analyst roles.
A degree in finance, accounting or similar subject is a usually prerequisite for this role. However, some banks and firms provide on-the-job training, if an applicant has some experience in a finance related field.
Additionally, successful candidates for non-entry level roles will tend to have knowledge of quantitative analysis, ratio analysis and have good numerical and written/oral communication skills. For some roles, it may also be beneficial to have knowledge of the specific industry to which the job pertains.
A trainee credit analyst may start on around £20,000, but this can rise quickly in what is a demanding job within a highly profitable industry. For a skilled analyst, earning between £40,000 and £60,000 per year is not unusual, and could go up even higher.