Credit Analyst - Hire or get hired
Your complete guide to the Credit Analyst Role: Duties, salary & hiring tips
Purpose of the Credit Analyst
The Credit Analyst assesses customer credit risk by analysing financial data and making recommendations on credit limits and terms. The role ensures risk is mitigated while supporting commercial objectives.
Credit Analyst's duties and responsibilities
• Credit Assessment:
Review credit applications and assess customer financial stability.
• Reporting:
Prepare credit risk reports, ageing summaries, and exposure analysis.
• Monitoring:
Monitor overdue accounts and provide early warnings of potential risks.
• Stakeholder Liaison:
Work closely with sales and finance to align credit decisions with business goals.
• Policy Compliance:
Ensure adherence to internal credit policies and procedures.
Review credit applications and assess customer financial stability.
• Reporting:
Prepare credit risk reports, ageing summaries, and exposure analysis.
• Monitoring:
Monitor overdue accounts and provide early warnings of potential risks.
• Stakeholder Liaison:
Work closely with sales and finance to align credit decisions with business goals.
• Policy Compliance:
Ensure adherence to internal credit policies and procedures.
Requirements and qualifications for a Credit Analyst
• Degree in Finance, Business, or related field
• 2–4 years’ experience in credit analysis or financial risk
• Strong financial statement analysis skills
• Experience with credit reporting tools (e.g., Equifax, D&B)
• Good communication and judgement abilities
• 2–4 years’ experience in credit analysis or financial risk
• Strong financial statement analysis skills
• Experience with credit reporting tools (e.g., Equifax, D&B)
• Good communication and judgement abilities
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To remain competitive in 2025, 75% of organisations will focus on automation and system improvements, with additional emphasis on upskilling (45%), cash flow management (37%), and compliance (33%). Many businesses are investing in professional development, including certifications, workshops, and AI skill training, to enhance their teams and adapt to new technologies.
86% of businesses preferred maintaining in-house teams for better communication, control, and compliance, and while many employers relied on internal hiring teams, 54% sought external recruitment support within a month, highlighting the ongoing value of recruitment agencies in securing top talent.
