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Associate Credit Jobs in Washington (NOW HIRING)

Procession Systems

4223 Credit Associate

Mclean, VA · On-site

4223 Credit Associate 4223 | US Citizen OVERVIEW: The Credit Associate is a key member of the Client Advisory Team alongside a Treasury Analyst and under a Client Advisor. In this role, the Credit ...

M-L Holdings Company

Credit Specialist

Halethorpe, MD · On-site

Credit Specialist Department: Accounting Reports To: Credit Manager FLSA Status: Non-Exempt Work ... Associate's degree in Accounting, Finance, Business Administration, or a related field preferred ...

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R E Michel CO

Regional Credit Manager

Glen Burnie, MD · On-site

Provide overall direction to the Credit Associates to ensure the most effective effort is made to promptly collect outstanding receivables. * Collection of larger and/ or more critical accounts.

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Associate Credit information

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 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 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.

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.

More about Associate Credit jobs
What are the most commonly searched types of Credit jobs in Washington? The most popular types of Credit jobs in Washington are:
What cities in Washington are hiring for Associate Credit jobs? Cities in Washington with the most Associate Credit job openings:
Associate Credit jobs near you

4223 Credit Associate

Procession Systems

Mclean, VA • On-site

Other

Re-posted 8 days ago

Job description

4223 Credit Associate
4223 | US Citizen
Job Description:
OVERVIEW:
The Credit Associate is a key member of the Client Advisory Team alongside a Treasury Analyst and under a Client Advisor. In this role, the Credit Associate will report to the Client Advisor. They will focus on carrying out the credit related duties with respect to that client portfolio.
GENERAL DUTIES:
  • Conduct thorough credit analysis and risk assessments for financing, including financial statement analysis, cash flow modeling and analysis, pro forma modeling and analysis, and industry analysis for both prospective and current clients.
  • Support client FP&A activity, including the creation of accrual and cash flow models.
  • Work closely with the Client Advisor to manage the client portfolio on a routine and proactive basis.
  • Engage with clients directly to collect underwriting documents and assist the Client Advisor in the underwriting process, including analyzing the documents, compiling questions, and gathering additional details.
  • Prepare credit committee decision memorandums for clients under the guidance of the Client Advisor.
  • Assist the compliance team with client document collection, review, analysis, and annual loan renewal packages.
  • Work closely with the deal team to assist in the structuring of transactions.
  • Monitor the credit quality of the portfolio, identify trends, and make recommendations for changes to mitigate risk.
  • Prepare and submit waivers, amendments, and other credit-related requests to leadership.
GENERAL DUTIES:
  • Bachelor's degree in finance, Accounting, Economics, or Business Administration.
  • Minimum of 2 years of experience in credit analysis within leveraged finance, ideally within a private equity or investment banking environment.
    • With at least 1 of those years being in a client facing role.
  • Strong understanding of financial statement analysis and cash flow analysis.
  • Excellent communication and interpersonal skills, with the ability to build strong relationships with internal and external stakeholders.
  • Experience with articulating complex financial solutions in a written format.
  • Ability to meet deadlines on assigned tasks and responsibilities.
  • Strong verbal/phone communication skills.
  • Strong analytical and problem-solving skills, with the ability to make sound credit recommendations.
  • Ability to work independently and as part of a team in a fast-paced, dynamic environment.
  • Familiarity with Federal government contracts and/or the federal government contracting industry is preferred.
CLEARANCE:
  • US Citizenship required

Job Details
City : Tysons
State : Virginia
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About Procession Systems

Sourced by ZipRecruiter

Procession Systems, based in Reston, Virginia, United States, is an industry leader operating in the Information Technology Services sector. Established to address complex business and technology challenges, the company delivers innovative tech solutions for government entities, primarily focusing on systems integration and software development. Procession Systems takes pride in their commitment to quality, responsiveness, and results, geared towards improving public sector services and saving taxpayer dollars.

Industry

Recruiting and staffing services

Company size

11 - 50 Employees

Headquarters location

Reston, VA, US

Year founded

2016

Social media

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