Decision-making skills
Decision-making skills are important for Credit Analysts who must assess an applicants' financial information and decide whether to award loan.
Credit Analysts
Descriptions & Duties
- Credit Analysts evaluate the financial strength of loan accounts by performing credit analyses. They prepare credit proposals in accordance with results of credit analyses.
Generic Competencies
Physical Abilities
Physical abilities
- Physical strength
- Eye hand coordination / precision / dexterity
Importance:1 (Max:5)
Skill is rarely required
Technology Skills
Technology skills
- Computer literacy
- Application of technology
Importance:4 (Max:5)
Skill is frequently required
Cognitive Abilities
Cognitive abilities
- Creativity
- Visualisation
- Logical thinking
Importance:3 (Max:5)
Skill is basically required
Comprehension And Expression
Comprehension and expression skills
- Reading comprehension
- Oral / written expression
Importance:3 (Max:5)
Skill is basically required
Social Skills
Social skills
- Communication
- Negotiation
- Persuasion
Importance:3 (Max:5)
Skill is basically required
Organisation And Execution Skills
Organisation and execution skills
- Planning
- Organising
- Judgement
- Decision making
Importance:4 (Max:5)
Skill is frequently required
Problem Solving Skills
Problem solving skills
- Ability to solve simple and complex problems effectively and efficiently
Importance:3 (Max:5)
Skill is basically required
Management Skills
Management skills
- Leadership
- Management of finance / time / people / other resources
Importance:3 (Max:5)
Skill is basically required
Trade Specific Competencies
Detail oriented
Credit Analysts must pay attention to details when reviewing applications.
General Requirements
Academic qualification
A recognised bachelor's degree, in business, finance, risk management, statistics or other related disciplines
Professional qualification
relevant professional qualification such as Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) or any risk management related qualification
Experience
usually 3 years of experience in credit risk analyst area
Career Path & Salary
Private Sector
Monthly Salary $15,000-$35,000
Monthly Salary $20,000-$50,000
Monthly Salary $30,000-$70,000
Related Education & Training
Higher Diploma
Work Environment
- Credit Analysts work primarily in offices and work regular office hours.
