Description
Assess and manage credit risk for individuals and businesses by analyzing financial and credit data. Prepare recommendations on approvals, limits, terms, and collateral; monitor account performance; and ensure compliance while supporting timely lending and account decisions.
- • Gather and verify applicant financial and credit information from statements, reports, and third-party sources.
- • Spread and analyze financial statements, cash flows, and key ratios to assess repayment capacity.
- • Evaluate credit bureau data, payment histories, and scoring outputs to inform decisions.
- • Assign risk ratings and recommend credit limits, terms, and collateral requirements.
- • Prepare concise credit memos with findings, rationale, and approval recommendations.
- • Conduct borrower, industry, and market analysis to identify key risks and mitigants.
- • Review public records for liens, bankruptcies, judgments, or tax issues.
- • Communicate with applicants and relationship managers to clarify data and resolve discrepancies.
- • Ensure application files are complete, accurate, and compliant with policies and regulations.
- • Monitor existing accounts for covenant compliance, utilization, and early warning signs.
- • Track and report portfolio performance, delinquencies, and exposure metrics.
- • Collaborate with collections to develop action plans for past-due or high-risk accounts.
- • Update credit systems with decisions, notes, and supporting documentation.
- • Respond to internal inquiries and provide credit information to stakeholders.
- • Conduct periodic reviews, renewals, and annual reassessments of credit lines.
- • Present analyses and recommendations to credit committee or approvers.
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Financial Services
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Tasks & skills:
O*NET occupational data (work activities, skills, knowledge).
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This site includes information from O*NET by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. Career Clutch has modified some of this information for student readability. USDOL/ETA has not approved, endorsed, or tested these modifications. O*NET® is a trademark of USDOL/ETA.
Last reviewed: Jan 2026
