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Associate Credit Jobs in Delaware (NOW HIRING)

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Associate Credit information

What is an associate credit?

Associate Credit professionals are entry- to mid-level employees who work in financial institutions or corporate finance teams, focusing on assessing the creditworthiness of individuals or companies. Their responsibilities often include analyzing financial statements, preparing credit reports, assisting in loan underwriting, and monitoring existing credit portfolios. They play a crucial role in ensuring that lending decisions are based on sound financial analysis and risk assessment. Associate Credit professionals typically work under the supervision of senior credit analysts or managers and may interact with clients to gather necessary financial information.

What is a credit associate?

A credit associate or analyst determines whether or not clients are good candidates for credit cards, loans, or financing options. Credit associate jobs are found in the banking industry and other corporate settings that provide financial services, like vehicle dealerships. Job duties include gathering data about potential clients, analyzing their financial information, and making a recommendation about their credit risk. The qualifications for this career are a bachelor’s degree in accounting or finance, experience in the financial industry, and quantitative analysis skills.

What are the key skills and qualifications needed to thrive as an associate credit?

To thrive as an Associate Credit professional, you need strong analytical skills, attention to detail, and a solid understanding of financial principles, typically backed by a degree in finance, accounting, or a related field. Proficiency with credit analysis tools, financial modeling software, and CRM systems is often required. Excellent communication, problem-solving abilities, and teamwork are essential soft skills for effectively collaborating with clients and internal teams. These competencies ensure accurate credit assessments, risk management, and the building of strong client relationships, all of which are critical for organizational success.

What are some common challenges faced by an associate credit, and how can they be overcome?

Associate Credit professionals often encounter challenges such as analyzing complex financial data, balancing multiple client accounts, and meeting tight deadlines for credit assessments. Effective time management and strong analytical skills are crucial to handle these tasks efficiently. Collaboration with senior credit analysts and other departments, such as sales or risk management, can provide valuable insights and support. Continuous learning about industry regulations and credit risk models also helps in staying updated and improving performance.

What is the difference between Associate Credit vs Credit Analyst?

AspectAssociate CreditCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; some roles may require certifications like CFA or CPABachelor's degree in finance, accounting, or related field; certifications like CFA are common but not mandatory
Work EnvironmentTypically in banking or financial institutions, working in teams to assess creditworthinessOften in banks, credit bureaus, or financial firms, analyzing data and preparing reports
Employer & Industry UsageUsed by banks, lending companies, and financial institutions for credit assessmentUsed by banks, credit agencies, and financial firms for evaluating credit risk

Both Associate Credit and Credit Analyst roles involve assessing creditworthiness, requiring similar educational backgrounds and working in financial environments. The main difference lies in job scope: Associate Credit often supports credit decision processes, while Credit Analysts perform detailed credit risk analysis and reporting.

More about Associate Credit jobs

What are the most commonly searched types of Credit jobs in Delaware?

The most popular types of Credit jobs in Delaware are:

What cities in Delaware are hiring for Associate Credit jobs?

Cities in Delaware with the most Associate Credit job openings:

Associate Credit jobs near you

Senior Associate, Credit Risk Analytics

Newark, DE • On-site

Sallie Mae Bank
See more jobs at Sallie Mae Bankexternal

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 8 days ago

Job description

What You’ll Contribute

The Sr. Associate, Credit Risk Analytics role is a key position within Sallie Mae’s 2nd Line of Defense Credit Risk team. This position is responsible for performing the analytical review of credit risk related to underwriting, portfolio management, and loss mitigation processes. The Sr. Associate role also provides design and monitoring for the credit risk oversight framework including development of credit risk appetite, risk metrics thresholds, and limits. This position executes analytical techniques to provide insights into portfolio credit quality at segment level and assessment of emerging risks. Additionally, the position will collaborate regularly with business partners and regulators during portfolio exams as part of the credit review and challenge process.

What You’ll Do
  • Risk analytics & reporting Supports 2nd Line of Defense analytical review of credit risk across the entire credit life cycle. Evaluates risk impact of strategy changes, environmental changes, and related layered risk. Provides analytical support, deep diving into emerging credit trends and performing ad-hoc credit reporting. Provides narratives of observations and preparation of presentation materials. Design and develop Power BI dashboards to meet the reporting needs of the risk organization, encompassing areas such as operational risk, financial crimes risk, technology and cyber risk, enterprise risk, business controls, and compliance. Develop and optimize advanced Python scripts and SQL queries for data extraction and manipulation. Collaborate with stakeholders to understand analytic needs and reporting requirements and translate them into technical specifications. Ensure data integrity and accuracy in risk reporting processes. Assist in the continuous improvement of reporting workflows and methodologies.
  • Portfolio monitoring and risk limit setting Uses analytical techniques to provide insights into portfolio credit quality at segment level and assessment of emerging risk. Communicates findings and recommended enhancements to business partners and review remediation.
  • Credit components (Data, Tools and Counterparty) Develops monitoring for credit decision processes based on aggregation of component (models used in credit decisions, alt-data and other tools) risk and complexity. Designs and supports business cycle and credit impact assessments.
  • Credit Review and Challenge Manages documentation, process, and standards for compliance with credit risk policy requirements. Assists in the compilation of the quarterly Chief Credit Risk Officer submissions. Documents and communicate results to senior leadership.

The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.

What You Have
  • Minimum Education, Skills and Experience Required Degree in statistics, economics, mathematics, or other quantitative science or equivalent, relevant work experience.
  • Advance SQL coding required, with a minimum of 2yrs work experience using these languages.
  • Experience with credit analytics, financial services, credit strategy or equivalent work experience.
  • Applied experience using statistical tools (e.g., SAS, Python, R, Tableau etc.).
  • 2 years of work experience building dashboards using PowerBI and the DAX coding language.
  • Familiarity with credit policy, procedures, and standards.
  • Be innovative - identify opportunities and drive actions.
  • Strong understanding of regulatory environment.
  • Has an inquisitive mindset.
  • Strong oral and written communication skills as well as presentation skills.
  • Strong organizational skills with attention to details.
  • Strong team player who listens to stakeholders and works effectively toward solutions.
Preferred Education, Skills and Experience
  • Masters or PHD degree.
  • Advance Python knowledge.
  • Exposure to machine learning.
  • Building dashboards using Tableau.
The Americans with Disabilities Act

The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the "essential functions" of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function, or only a limited number of employees are available to perform that function.

Benefits
  • Competitive base salaries
  • Bonus incentives
  • Generous PTO, Floating Holidays and 12 Federal Holidays observed
  • Support for financial-well-being and retirement
  • 401k with employer match
  • Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
  • Employer paid short-term/long-term disability and basic life insurance
  • Flexible hybrid working arrangements.
  • Paid parental leave and adoption reimbursement programs
  • Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
  • Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
  • Tuition Reimbursement and Family Scholarship Programs
  • Career development and training opportunities
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