A credit analyst is a person employed by an organization to analyze the credit worthiness of customers and potential customers. Job responsibilities may include:
- Reviewing credit applications
- Projecting sales
- Evaluating credit risk
- Analyzing financial data, statements and trends
- Setting new customer credit limits
- Recommending credit limits based on company credit policies
- Performing credit reviews of existing customers
- Maintaining customer files with financial statements and bank reference information
- Resolving credit issues
- Monitoring risk trends on behalf of management and sales personnel
Maps, Directions, and Place Reviews
Education
Credit analysts often hold a bachelor's degree in finance, accounting, business administration or economics. Some companies may require a Credit Business Associate certification from the National Association of Credit Management(NACM).
Credit Risk Certification Video
Employment
In May 2015, the U.S. Bureau of Labor Statistics reported 70,840 people employed as credit analysts. The salary for this position ranged from $40,250 to $134,080 with a mean average wage of $79,720.
Professional Organizations
Credit analysts in the United States can obtain memberships, continuing education and certification through NACM. Certification levels include Credit Business Associate, Certified Credit and Risk Analyst, Credit Business Fellow, Certified Credit Executive, Certified International Credit Professional and International Certified Credit Executive.
Source of the article : Wikipedia
EmoticonEmoticon