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Credit Analyst Jobs in Woonsocket, RI (NOW HIRING)

CarGurus

Senior Credit & Collections Analyst

Boston, MA · On-site

$67K - $84K/yr

Role overview CarGurus is seeking an experienced Senior Credit & Collections Analyst to join our Credit & Collections team. This is a senior individual-contributor role for someone who can ...

CarGurus

Senior Credit & Collections Analyst

Boston, MA · On-site

$67K - $84K/yr

Role overview CarGurus is seeking an experienced Senior Credit & Collections Analyst to join our Credit & Collections team. This is a senior individual-contributor role for someone who can ...

Dedham Savings

Credit Portfolio Manager II

Dedham, MA · On-site

$92K - $128K/yr

The role provides experienced credit analysis support and leads portfolio administration activities, including annual reviews, covenant testing, loan maturities, risk ratings, borrower reporting, and ...

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All JobsCredit Analyst JobsCredit Analyst Jobs in Woonsocket, RI

Credit Analyst information

See Woonsocket, RI salary details

$14

$28

$46

How much do credit analyst jobs pay per hour?

As of Sep 3, 2026, the average hourly pay for credit analyst in Woonsocket, RI is $28.67, according to ZipRecruiter salary data. Most workers in this role earn between $22.12 and $32.26 per hour, depending on experience, location, and employer.

What does a credit analyst do?

A Credit Analyst evaluates the creditworthiness of individuals or businesses applying for loans or credit. They review financial statements, credit reports, and economic conditions to assess the risk of lending money. Based on their analysis, they make recommendations to approve or deny credit applications and may suggest terms for repayment. Their work helps financial institutions minimize losses and make informed lending decisions.

What does a credit analyst do?

As a credit analyst, you evaluate customer credit history to determine the risk level for giving out loans or lines of credit to clients. You’ll use statistical software to help you decide which clients are eligible for loans and which ones aren’t. Your job duties include analyzing your clients’ financial statements and credit history, establishing credit limits, informing clients of payment policies, and resolving disputes. Your decisions impact whether the bank or financial institution you work for makes money or loses money, so your responsibilities make you a crucial part of the team.

What are the key skills and qualifications needed to thrive as a credit analyst, and why are they important?

To thrive as a Credit Analyst, you need strong analytical skills, financial acumen, and typically a degree in finance, accounting, or a related field. Proficiency in financial modeling, Microsoft Excel, and experience with credit risk assessment software such as Moody’s or S&P Global Market Intelligence are highly valued. Excellent attention to detail, effective communication, and sound judgment are essential soft skills for assessing clients and presenting findings. These abilities ensure accurate credit evaluations, mitigate risk, and support informed lending decisions.

What are the typical challenges a credit analyst faces when evaluating complex loan applications?

Credit Analysts often encounter challenges such as incomplete financial information, inconsistent documentation, and the need to assess risk in rapidly changing market conditions. Evaluating applicants from diverse industries may require specialized knowledge to accurately interpret financial statements and cash flow projections. Strong analytical skills and effective communication with both clients and internal stakeholders are essential to resolve ambiguities and ensure sound credit decisions.

What is the difference between Credit Analyst vs Loan Officer?

AspectCredit AnalystLoan Officer
Required CredentialsBachelor's degree in finance, accounting, or related field; certifications like CFA or credit analysis coursesBachelor's degree in finance, business, or related; often requires mortgage or loan origination licenses
Work EnvironmentOffice setting, analyzing financial data, assessing creditworthinessOffice or branch, meeting clients, processing loan applications
Employer & Industry UsageBanks, credit unions, financial institutionsBanks, mortgage companies, credit unions

While both roles involve financial assessment, a Credit Analyst primarily evaluates credit data to determine risk, whereas a Loan Officer interacts directly with clients to approve and process loan applications. Understanding these differences helps in choosing the right career path or job search focus.

Are credit analysts paid well?

Credit analysts typically earn a competitive salary that varies based on experience, education, and location. According to industry data, the median annual wage for credit analysts is around $70,000, with higher earnings possible for those with advanced certifications or in senior roles. The profession often offers opportunities for bonuses and career advancement.

What qualifications do you need to be a credit analyst?

To become a credit analyst, candidates typically need a bachelor's degree in finance, accounting, economics, or a related field. Strong analytical skills, proficiency with financial analysis tools, and knowledge of credit reporting and risk assessment are also important. Some roles may require relevant certifications such as the Chartered Financial Analyst (CFA) or Credit Risk Certification.
More about Credit Analyst jobs
Credit Analyst jobs near you
Infographic showing various Credit Analyst job openings in Woonsocket, RI as of August 2026, with employment types broken down into 80% Full Time, and 20% Part Time. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $59,642 per year, or $28.7 per hour.

Business Banking Credit Analyst

washingtontrust

Warwick, RI • Hybrid

$50K - $65K/yr

Full-time

Re-posted 13 days ago

Job description

The Washington Trust Company is seeking an individual with strong accounting analytical and organizational skills to support our Business Banking team located in Warwick, Rhode Island. This position will be required to research, gather information, analyze, and present credit write-ups to support credit decision making, and underwriting for business banking commercial loans. This position will have exposure to various aspects of the commercial lending function and interact with customers and internal staff. 

This position supports a hybrid on-site/remote work schedule.

Primary Responsibilities:

  • Develop and analyze various credit information pertaining to small business lending transactions; analyze historical and current financials, develop proformas, prepare annual status reviews, property inspections, special projects in support of the team as requested.   This includes evaluating credit risk, industry/market research, collateral, and ability to service debt. 
  • Objectively analyze business financial statements and personal financial tax returns/statements and communicate in written form.
  • Communicate with clients or other professionals to clarify financial statements, obtain updated financial information or other aspects of loan analysis.
  • Accompany lender(s)/portfolio manager(s) on customer calls when appropriate to discuss and obtain information for updating files or analyzing new loan requests.
  • Update financial statement tickler file as various types of financial statements are received. Contact customers who have not provided financials in a timely manner.
  • Work with portfolio managers and lenders on evaluating new business as the occasion arises.
  • Additionally, assist with internal and external audits and requests from compliance for certain information on an as needed basis.

Requirements:  

  • College degree with a focus on finance, accounting, or equivalent experience preferred.
  • Proven academic or work experience in financial analysis.
  • Knowledge of commercial underwriting/analysis is required.
  • 2+ years of experience in a credit analyst role.
  • Strong analytical and organizational skills with attention to detail.
  • Ability to creatively analyze various situations and data. 
  • Strong communication skills (both oral and written) are required. 
  • Proficient Word and Excel skills.
  • Proficient in financial report writing and report maintenance preferred.
  • Experience with underwriting loans under the U.S. Small Business Administration (SBA) loan guarantee programs is preferred

Compensation:

A good-faith, reasonable estimate of the base salary range for this role is $50,000 - $65,000, and the actual offer will depend on factors such as experience, skills, training, certifications, and education. This base salary reflects one component of our competitive compensation package. This position may be eligible for an annual bonus and includes a comprehensive benefits package.

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