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Credit Analyst in Toronto, ON

Credit Analyst Job Description

A Credit Analyst is a detail-oriented professional responsible for assessing the creditworthiness of individuals or corporations and supporting credit decision-making. This role involves collecting and analyzing financial information, preparing credit reports, and evaluating risk to determine appropriate credit limits or terms. The Credit Analyst works under the guidance of senior analysts or managers, contributing to the overall integrity of the credit portfolio. This position demands strong analytical skills, meticulous attention to detail, and a foundational understanding of financial statements and risk assessment. A Bachelor's Degree in Finance, Accounting, Economics, or Business Administration is essential. A basic understanding of Canadian credit markets and financial regulations is preferred.

Typical credit analyst duties:

Collect and analyze financial statements, credit reports, and other relevant data for credit assessment.Prepare credit summaries and reports, highlighting key risks and mitigating factors.Evaluate credit applications and recommend credit limits or payment terms.Monitor existing client accounts for changes in credit risk.Assist in the reconciliation of accounts and resolve credit-related discrepancies.Collaborate with sales and collections teams to support client relationships.Maintain accurate and organized credit files and documentation.Support compliance with internal credit policies and Canadian financial guidelines.

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Salary for Credit Analyst in Toronto, ON
67795 - 102214
Low
67795
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
80572
The candidate has moderate experience in the role, meets most requirements or has equivalent transferrable skills, and may also have relevant certifications.
High
102214
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Managing Director 170791 198952 234414 VP of Banking and Financial Markets 158797 183829 215901 Portfolio Manager 125942 153582 186958 Banking and Financial Markets Associate 95435 108994 127246 Banking and Financial Markets Analyst 86308 96738 113426 Senior Credit Analyst 81876 94913 125421 Junior Credit Analyst 54497 68056 82397 Commercial Lender 77443 91784 104039

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.