India
Credit Analyst Salary in Kolkata, West Bengal
₹575K
20% Low Band Avg
INR ₹706K
Average
₹1,049K
80% High Band Avg
- Bonus: 63K
Salaries based on experience level
The Average Entry Level salary of Credit Analyst in Kolkata, West Bengal is INR ₹639K/yr, this salary increases 9% to ₹700K/yr when reach Mid Level Career.
From Mid to Senior Level the average salary increases 30% from ₹700K/yr to ₹911K/yr.
Salary Compared to India National Average Salary
- Credit Analyst in Kolkata, West Bengal Salary
- vs
- Credit Analyst in India Salary
The Average Salary of Credit Analyst in Kolkata, West Bengal is ₹706K/yr. This is +22% higher (₹128,805) compared to India national average salary of ₹578K/yr.
Salary Compared to Kolkata City Average Salary
- Credit Analyst in Kolkata, West Bengal Salary
- vs
- Kolkata, West Bengal City Average Salary
The Average Salary of Credit Analyst in Kolkata, West Bengal is +18% higher (112,350) than the average salary for the city of Kolkata, West Bengal ₹594K/yr.
Credit Analyst job description
Job Title: Credit Analyst
Overview/Summary of the role:
A Credit Analyst plays a crucial role in evaluating the creditworthiness of clients or customers. They are responsible for analyzing financial data, assessing the level of risk involved in lending money, and making recommendantations on whether or not to approve a credit application. Other duties of a Credit Analyst include identification and management of credit risks, maintenance of credit files, tracking the financial trends of current customers, and making sure all actions are in compliance with regulatory and internal policies.
Responsibilities and Duties:
- Evaluating credit worthiness of clients/customers by analyzing their financial data and credit history
- Conducting financial statement analysis to identify strength and weakness of clients’ financial position
Credit Analyst interview questions
Interviewer: Good morning/afternoon, thank you for coming in today. Can you please introduce yourself and tell me a bit about your experience in credit analysis?
Candidate: Good morning/afternoon, my name is [Name] and I have been working in credit analysis for the past [Number of Years] years. In my current role, I am responsible for analyzing credit risk and assessing the financial stability of our clients before approving loans or credit lines.
Interviewer: Can you describe your process for evaluating a company's creditworthiness?
Candidate: Sure, my first step is to review the company's financial statements, including their balance sheet and income statement. During this analysis, I am looking for any red flags such as high debt levels or lack of profitability. I also look at the company's credit history, payment patterns, and their industry trends. I then calculate financial ratios such as debt-to-equity, liquidity, and profitability to get a more well-rounded picture of the company's financial health.
Interviewer: In your opinion, what is the most important factor to consider when assessing credit risk?
Candidate: I believe the most crucial factor to consider is the company's ability to repay the loan, which is contingent on their cash flow and financial stability. Assessing this involves looking at financial statements, payment history, and the company's overall creditworthiness.
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