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Junior Credit Analyst in Toronto, ON

Junior Credit Analyst Job Description

A Junior Credit Analyst is an entry-level professional who provides essential support to the credit analysis team, assisting in evaluating the creditworthiness of individuals or businesses. This role involves gathering and organizing financial data, performing basic financial calculations, and helping to prepare initial credit reports. This position requires strong analytical aptitude, meticulous attention to detail, and proficiency in Microsoft Excel. A Bachelor's Degree in Finance, Accounting, Economics, Business Administration, or a related field is essential, with a keen interest in financial analysis and risk management. A foundational understanding of Canadian credit processes and financial instruments is key, coupled with a strong eagerness to learn and grow within the credit industry.

Typical junior credit analyst duties:

Assist in collecting and organizing financial information and documentation for credit applications.Perform basic financial calculations and data entry for credit analysis.Support the preparation of initial credit reports and summaries.Help monitor existing client accounts for early signs of credit risk.Maintain accurate credit files and ensure documentation is complete.Collaborate with the credit team to learn about credit policies and procedures.Conduct basic industry and market research to support credit assessments.Assist in reconciling accounts and resolving minor credit-related discrepancies.

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Salary for Junior Credit Analyst in Toronto, ON
54497 - 82397
Low
54497
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
68056
The candidate has moderate experience in the role, meets most requirements or has equivalent transferrable skills, and may also have relevant certifications.
High
82397
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 Credit Analyst 67795 80572 102214 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.