Working Capital Credit Analyst: Roles, Responsibilities, Skills & Salary

Working Capital Credit Analyst: Roles, Responsibilities, Skills & Salary

Bank offers lucrative jobs to their employees along with other benefits and perks. One of the most popular jobs among them is working capital Credit Analyst. 

Credit Analysts play an essential role in assessing the firms or individuals to offer them a loan based on their Credit score only after analyzing the degree of risk involved in lending money to them.

Because no company or bank blindly sells on Credit to every customer. The money is lent to only qualified customers or firms with quality financial Credit scores. Lending Money ultimately helps banks to scale their business and gain financial growth because they earn interest for the Credit offered.

We will briefly discuss about working capital Credit Analysts, their roles and responsibilities, salaries, and more in this post below.

Who is a Working Capital Credit Analyst?

Credit Analysts are responsible for many tasks. They provide guidance on Credit risk related to large-scale lending programs. For example, a bank will hire a Credit Analyst in order to assess which firms and individuals are worth offering a loan to.

Analyzing the customer's financial information to figure out the worthiness of a client for a loan. The company or bank lends money to the customer if the customer is qualified. But it is done after evaluating the risk, like whether the customer will be able to pay back borrowed money to the company or bank on time.

Roles & Responsibilities of a Credit Analyst

Some of the essential roles and responsibilities of a working capital Credit Analyst include the following:

  • Analyzing: The Credit Analysts are responsible for analyzing the client's Credit data and financial statements in order to evaluate the degree of risk involved in lending money to them.
  • Understand: Business Model and risk associated with a particular business, Industry and geography. Assessing the Credit worthiness of existing or new clients is one of the most essential duties of a working capital Credit Analyst.
  • Transaction History: Credit Analysts need to examine a client's financial transactions and Credit history to know more about their financial status. 
  • Reporting: They are responsible for creating reports about the degree of risk involved in lending money to clients.
  • Tracking: A Credit Analyst's duty involves tracking of legislation and government policies to stay updated with the latest laws.
  • Application: Fill out the application and include the Credit analysis for requesting a loan or Credit is also a duty of a Credit Analyst. Then submitting these loan applications to loan committees for their approval.

Skills Needed for a Credit Analyst

Figuring out the risk based on the financial and non-financial information about the client can be a challenging task. 

Statistical and Mathematical Skills

Statistical and Mathematical skills are required to develop models that directly relate to the measured risk. Because analysts need to go through complex calculations while evaluating risks and assessing client's financial information.

Accounting Rules and Practices

Should have strong knowledge of accounting rules and practices

Legal Framework

Strong understanding of existing law related to Industry and type of loan been accessed  

Strong Communication Skills

The candidate must possess excellent communication skills (written and verbal both). Because the analysts will need to communicate with the client to better understand them and their business. 

Analytical Skills

As a working capital Credit Analyst, the person is responsible for reviewing financial documents relating to a client's company. An individual or corporate borrower can be referred to as the client, and the Credit Analyst must review all financial records. They must be able to identify areas like fraud or errors that could affect the credibility and legitimacy of the lending process.

Software Skills

Credit Analysts must use statistical software to analyze large amounts of data quickly and obtain ratios. Many financial and Credit Analysts use Microsoft Excel and other spreadsheet programs.

Excel is used by Credit Analysts to sort and analyze large amounts of data, create graphs, charts, and business models. Credit Analysts also use Excel formulas to calculate ratios and make assumptions about client's businesses.

A Credit Analyst can save time by learning how the software works because recruiters will prefer such candidates. Credit Analysts can either take a short course to improve their skills or include the software in their daily work routine to become an expert.

Ability to Handle Pressure

Credit Analysts often have to deal with several clients at once and work on urgent projects simultaneously. Credit Analysts who are experienced may have difficulty managing multiple projects simultaneously and may not be able to meet deadlines.

They must learn to prioritize urgent tasks and schedule less important tasks. This will enable analysts to respond to their client's needs and help them achieve the company's overall goals.

An excellent Credit Analyst must be able to handle pressure and deliver high-quality work on all client projects. Analysts often find it stressful to manage multiple projects that have short deadlines. They need to be able to manage work stress and push their limits.

Qualifications Needed

  1. The candidate must have a bachelor's degree from any recognized University in India.
  2. Banks give preference to CA and MBA for Credit Analyst role
  3. It will be a plus if an individual has a Bachelor's degree in finance, accounting, or other related fields like ratio analysis, statistics, economics, calculus, financial statement analysis, and risk assessment. Because these subjects are necessary for a Credit Analyst to perform the risk assessment process.
  4. Proven working experience as a Credit Analyst 
  5. Particular Product and Industry experience 
  6. Additional certification may be required.
  7. Strong communication skills (Written as well as Verbal).
  8. Excellent managerial, Analytical, and time-management skills.
  9. Ability to prioritize tasks.
  10. Proficient in Microsoft Office or other financial software.
  11. Advanced Excel skills.

Growth of a Credit Analyst

After obtaining a degree in accounting or finance, Credit Analysts start their careers as junior analysts. Most of these positions deal with consumer Credit evaluation. Senior analysts in some firms oversee the analysis of a specific market, region, or industry.
High-performing analysts can rise up the ranks and become financial managers, overseeing departments and making final Credit decisions.

How Credit Analysts analyze data

Working Capital Credit Analysts analyze data based on financial and non-financial customer information. With the help of this data or information, Credit Analysts have to assess the following six Cs of Credit worthiness:

  1. Character
  2. Capacity
  3. Capital
  4. Condition
  5. Cost
  6. Collateral


The salary of a Credit Analyst in India with less than 1 year of experience to 8 years ranges from ₹ 4.0 Lakhs to ₹ 18.2 Lakhs with an average annual salary of ₹ 6.1 Lakhs based on 5.4k salaries.


That's all about a Working Capital Credit Analyst, their roles and responsibilities, skills, and experience needed. Credit Analysts can work in various fields, well most of them work for lending institutions like banks or NBFCs or Fintech. It is the most lucrative job in banking and finance sector with a lot of growth opportunities.