Credit analysis is a role that requires you to approve or reject loans in response to available metrics. Good analysts need to be diligent, detail-oriented, and have the integrity to make objective assessments. They should also present a resume that understands credit as a fairly unique field within finance.
Six Tips for Credit Analyst Resumes:
1. Business and the Individual
Broadly, credit analysts perform their work for two primary groups: consumers and corporations. For individuals, information like credit history, whether they’ve defaulted, and their individual assets are helpful in making the right decisions.
Personal visits may also be of benefit. For businesses, tax rates, operational costs, and internal efficiency are necessary knowledge and interviews may be replaced with presentations and lectures. Focus on the potential clients and their needs when drafting your resume.
2. Swimming with the Big Fish
Finance is an incredibly broad field to operate in. Large firms, for example, may be looking for specialists with in-depth knowledge of stocks, bonds, or other financial services. Smaller organizations may prefer to hire candidates with more breadth in their financial knowledge.
Read the posting carefully and draft your resume in response to the requests they’re making.
3. Industry Investment
Credit analytics groups might either wholly specialize in particular industries or have individual departments to tackle those responsibilities. If you’re applying to one of those positions, your financial savvy may not be enough on its own.
Instead, those organizations will be looking for people who have kept up with industry developments and their history of profitability.
For those switching to credit analysis from another career, this can be a great opportunity to separate your resume from the rest.
4. Talking the Talk
With credit, it helps to be able to bring in the terminology to a resume that shows your understanding of its nuances. Terms like “risk assessment,” “exposures,” and “ratio analysis” can be helpful keywords. These demonstrate knowledge of specific programs used by the financial world, from Excel to more advanced accounting software packages.
5. The Volatility of the Market
Finance is an industry of change. In addition to managing risk, credit analysts need to show that they’ve kept abreast of change in regulation, whether internal or dictated by the government.
Responsiveness to these variables will help show that you’re capable of solving problems as they arise.
6. Chartered and Certified
Some credit analysts looking to advance may go back to school in pursuit of the ever-useful MBA. However, other options are available through independent groups such as the National Association of Credit Analysts and the National Association of Credit Management. Both offer credentials of various skill levels, and writing that you’re pursuing a CFA, a CBA, or CCE can help show your perseverance in staying on top in the industry.
Focus on Creating a Great Credit Analyst Resume Today
There are many different factors that can go into creating a great credit analyst resume. Take the time to draft a great one and you’ll quickly see better results from your job search.