Credit Analysts evaluate the risk factors that may influence loan applications and approvals. As a result, they are in charge of collecting and examining the financial backgrounds of applicants, determining their suitability for taking out a loan and their ability to handle the repayment conditions.  
  
Credit Analysts' positions are often confused with Loan Officers, although they operate under the same umbrella. The latter assists clients throughout the entire process; they start by explaining the types of loans and their terms to subsequently verify and analyze applicants' financial records and circumstances to determine if they qualify for a loan's approval. On the other hand, Credit Analysts focus on examining clients' credit-related information (e.g., financial statements and financial data updates) to determine the financial risk that may occur if conferred a credit.      
    
Credit Analysts can work from various establishments, from financial institutions and agencies to more specialized companies in insurance or investment areas. 

Personality of a Credit Analyst

• They have unlimited analytical prowess   

Credit Analysts thoroughly analyze the entirety of their client's payment records, including their income and savings history. Their innate ability to look for stressors, shortfalls, and areas that are sufficient to approve the loan makes Credit Analysts experts in their fields.    
   

• They are on top of the details   

Knowing that Credit Analysts are detail-oriented should come as no surprise. Analysis in any field requires a superior level of engagement with the data, knowing where to look for closer inspection, which comes to Credit Analysts with ease. The level of multi-tasking required for this job makes this trait even more valuable for job seekers in this industry. 
 

• They are diplomatic communicators   

What's often overlooked in finance-related positions are solid communication skills. Professionals looking to make an impact in this field know to come equipped with this skill set. It comes especially handy when working with clients and assessing credit limits, a sensitive topic for anyone involved.