What are the responsibilities and job description for the Credit Analyst position at Lonestar Electric Supply?
Job Description
Job Description
Description :
Job Title : Credit Analyst
Company : Lonestar Electrical Supply
Location : Texas
Job Type : Full-time
EEO Class : Administrative Support Workers
VETERANS ARE ENCOURAGED TO APPLY
Lonestar Electric Supply is seeking a highly analytical and detail-oriented Credit Analyst to join our Credit Department. The Credit Analyst will play a critical role in assessing the financial stability of potential and existing customers, ensuring sound credit decisions to minimize risk while supporting business growth. This position involves analyzing financial data, monitoring accounts, and providing recommendations on credit limits and terms. The ideal candidate will have a strong understanding of credit risk assessment, financial statements, and industry-specific trends.
Responsibilities :
- Analyzes credit data and financial statements of individuals or businesses to identify the degree of risk involved in lending money or extending credit.
- For individuals, performs research to verify employment and income, inspects reports from credit reporting agencies, and reviews FICO scores.
- For businesses, compares to similar businesses in terms of liquidity, profitability, and credit histories.
- Uses computer software to further evaluate customers’ financial status and produce financial ratios.
- Compiles information, completes loan applications, and composes reports detailing the degree of risk involved in loan or credit request; recommends approval or denial based on results.
- Sets interest rate and minimum or maximum term of repayment for customers based on earnings, savings data, payment history, and purchase activity.
- Determines the expected profitability of loans by analyzing a business’s financial data including quality of management, income growth, and market shares.
- Resolves customer complaints and verifies transactions through consultation.
- Identifies delinquent accounts through the review of individual or commercial customer files.
- Performs other related duties as assigned.
Requirements :
Physical Requirements :
Benefits
Disclaimer :
This job description is a general outline of the day-to-day duties to be expected and may not cover all job responsibilities that may be assigned by management.
Requirements :
