Credit analyst officer

Credit analyst is the Person who evaluates the financial history and financial statements of credit applicants, with an eye toward assessing creditworthiness. An analyst is trained to evaluate: 1) the applicant's financial strength; 2) the probability of full repayment; and 3) whether collateral or a cosigner is needed to adequately secure the loan in other word, Person who evaluates the earnings and financial performance of corporations. The preferred term is financial analyst or securities analyst.

The person whom I will talk about and make my assignment is Abdullah Yusuf Abdullah, graduated from University of Houston ’05, he’s working in credit analyst section in HSBC bank, he has been working there almost one year, and He did a lot of achievements in this year.

Why and the purpose of this assignment I do this assignment for my university. I study English business in Stenden University Qatar. My teacher tells me to make an assignment about any job we would like to write about and we hope to get it in future, and we have to talk about it in details and I hope it will be understandable and reasonable, The purpose of choosing this major, it’s so necessary to have credit analyst person in each bank that can studies the financial statements and financial history of applicants for credit in order to evaluate their creditworthiness. Therefore I decide to write this assignment

Credit analyst is a person who performs credit analysis and analyzes financial statements and makes financial projections in order to judge the credit quality of debt instruments. Credit analysis is the process of evaluating an applicant's loan request or a corporation's debt issue in order to determine the likelihood that the borrower will live up to his/her obligations. In other words, credit analysts examine the financial history of an applicant in order to determine creditworthiness.

Index included, started from the introduction discussing about the job and the person, then the purpose of the assignment, Objective of the job, Understanding financial reporting, Qualifications, Accounting, Communication and working

1 | P a g e

relationship, Key dimensions, Operation environment, Key competencies and last the conclusion.

Financial reporting, done annually by private enterprises and quarterly by public companies, offers essential information about the financial health of an organization. Interested parties often use this information to support investing and financing decisions. Companies prepare their reports in an agreed format, including a balance sheet, income statement, cash flow statement, and footnotes as required.

Financial statements must comply with Generally Accepted Accounting Principles (GAAP), and are typically prepared on an accrual basis. The footnotes provide details that cannot be gleaned from the statement itself, or involve some kind of qualitative analysis.

Annual statements must be audited—usually by a public accountant, who will conclude whether the statements are an accurate reflection of the company’s true financial position. Investors may find this appraisal useful to their decision-making process, as well

Most private companies complete their audited statements between 90 and 120 days after their financial year end. Exactly when may depend on factors like shareholder or bank credit facility agreements, or loan covenants—these can also influence how the statements are distributed.

Public companies are legally obliged to file annual reports with the Registrar of Companies within seven months of the financial year end. Public companies should also file their annual and half-yearly interim reports with the SEC within 90 days of their financial year end (or for quarterly reports, within 45 days of the quarter end), although this is not a legal requirement. All financial statements must be filed electronically with the SEC, while shareholders may receive hard copies or download them from the company web site.

Qualifications, first of all, Earn a college degree in either a 2-year associate's or a 4-year bachelor's program. The majority of credit analyst positions require a degree in business, economics, accounting or a related field.

Accounting, in this job it’s important to have some experience about accounting and what accounting means here it’s The systematic recording, reporting, and analysis of financial transactions of a business. The person in charge of accounting is known as an accountant, and this individual is typically required to

2 | P a g e

follow a set of rules and regulations, such as the Generally Accepted Accounting Principles. Accounting allows a company to analyze the financial performance of the business, and look at statistics such as net profit.

The conclusion of my chosen job because it’s an important position (credit analyst officer) in the bank to studies the financial statements and financial history of applicants for credit in order to evaluate their creditworthiness. In my case I didn’t interested in this job for many of reasons. Such as, fall of responsibilities.

Communication and working relationship

In this position (credit analyst) it must involve with the credit analyst stuff, Risk Valuation Analyst, IT managers and customers,

The reasons of interact with analyst stuff, to get the the last and specific result and to Review individual or commercial customer files to identify and select delinquent accounts for collection some part will handle the loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.

Risk valuation analyst, after the credit analyst finished he gave the end results to to the risk valuation analyst to study the case and find where could be the risk again and putting plans for it

IT stuff, they are necessary to be completed the case so they Conducts effective performance evaluations and mentors those through formal channels, Approves it on time and expense reports in a conscientious and timely manner, Complies with and helps to enforce standard Extensity policies and procedures.

KEY DIMENSIONS

Acquiring, Issuance and Payments scheme. Appreciation of the Operational processes and IT systems (products / platforms) in the cards business. Appreciation of Value proposition in Cards for Consumers, Corporates and Merchants. Awareness of Customer analytics, Marketing and back-office processes. Knowledge of the trends in the cards industry – Mobile, Contactless, Virtual card, Card configurator Card alternatives etc. Having worked with customers in North America and/or Europe will be viewed favorably Technology: Good applied understanding of technology applications in key areas of Cards – marketing, analytics, Customer…

WORKING RELATIONSHIPS: Reports To: Director, Systems Architecture, Peers: Business Analysts, Support Analysts Primary Working Relationships: Client Service Representatives, peers, vendors, clients. Direct Reports: None

RESPONSIBILITIES:

3 | P a g e

Develops and documents hardware / software installation and deployment procedures Works directly with client base in support of installations and upgrades Interfaces with Business Analysts in support of product / platform enhancements Communicates customer suggestions for enhancements and insures proper handling and follow-up. , Documents problems and corrective procedures. Under limited direction, search for the most efficient way to utilize an existing or proposed computer system. Works with development personnel to determine problem solutions, Attends on-going training to achieve level of technical skill needed to solve

Operating environment:

This position needs a hard work and fresh mind to handle it as well, he must be able to work as part of a highly innovative and competitive team, in a pressurised environment that sometimes requires overtime and must have strong interpersonal skills with the ability to explain and debate technical and complex issues, work effectively under pressure, A good understanding of credit ratings, portfolio theory and credit pricing.

Key competencies

The person must have a communication skills, flexibility adaptability, ability to make decisions, ability to work under Pressure, analytical skills and Initiative

I choose this job because it’s an important position (credit analyst officer) in the bank to studies the financial statements and financial history of applicants for credit in order to evaluate their creditworthiness. In my opinion it’s important currently and in future either.

As I mentioned his name is Abdullah Yusuf Abdullah, he’s working in credit analyst section in HSBC bank for almost one year and he did loads of achievements and he’s successful in his work, he extremely loves his work and he followed his emotions and vision from when he was in high school and he saw his uncle when he’s talking about the financial and credit analyst since then he started search and ask people about their opinion about it finally he decided to be a credit analyst officer and he got what he wants.

In my case I don’t interested in this job for many of reasons. Such as, fully responsibilities, and demands a lot of hard work and numbers, I hate math and so weak in it, my vision is totally different than him, I have my own vision that make and start a small businesses and so on.

4 | P a g e

5 | P a g e