Credit Analysis of Financial Position

Topic: Credit Words: 103 Pages: 1

Credit analyst scrutinizes historical financial data for companies and individuals seeking a loan from money lenders to verify the creditworthiness and possible risk associated with lending the funds. They approve loan application by determining the likelihood of repayment. The minimum qualification for the position is a bachelor’s degree in accounting, finance, or any other business-related course (“11 Great Careers,” 2021). Some of the skills required are analytical, research, effective communication, making decisions, critical thinking, due diligence, and competence in multitasking. The professionals earn an average salary of about $54,500 annually. The analysts work for banks, insurances firms, mortgage industries, and other micro-financial institutions.

Reference

11 great careers for anyone interested in finance. (2021). The Muse. Web.

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1. StudyCorgi. "Credit Analysis of Financial Position." October 25, 2022. https://studycorgi.com/credit-analysis-of-financial-position/.

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StudyCorgi. 2022. "Credit Analysis of Financial Position." October 25, 2022. https://studycorgi.com/credit-analysis-of-financial-position/.

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