Credit Analyst

Credit analysts recommend which companies, producers or individuals should be extended credit based on their financial records. These recommendations are based on in-depth analysis of potential clients’ finances and business proposals. Using this information, the credit analyst can generate a report that determines the risk involved in lending money to each client.

What Responsibilities Will I Have?

  • Research companies to determine risk level of extending credit (an agreement where a customer receives financial assistance and agrees to repay the lender at some date in the future)
  • Create finance and credit data reports
  • Execute loan applications to submit for approval
  • Make collection calls and customer visits
  • Communicate credit policy to employees
  • Examine files for criminal accounts
  • Study financial records of companies and individuals to aid in financial plans
  • Oversee client completion of documentation
  • Review proposed structure and value of lending proposals received from banking or relationship managers
  • Control the approval process of extending credit to clients
  • Resolve compliance and credit agreement breaches through lending credit and relationship or business managers
  • Provide suggestions that would improve the credit process

Recommended High School Courses:

  • agricultural education
  • computer skills
  • mathematics
  • economics
  • personal finance
  • business

Education/Training Required:

A bachelor’s degree in agricultural business, agricultural economics, finance, accounting, statistics or a related field is required for a credit analyst position.

AgExplorer Partners