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Entry Level Credit Analyst Jobs in Silver Spring, MD

Western Alliance Bank

Senior Credit Analyst

Reston, VA

$36.74 - $45.38/hr

Senior Credit Analyst Location: Austin, TX What you'll do: As a Senior Credit Analyst you'll be ... Bachelor's degree or equivalent experience required. * Entry level to intermediate knowledge of ...

BankFund Credit Union

Compliance Analyst

Washington, DC · On-site

$70K - $87K/yr

BankFund Credit Union is a full-service financial cooperative that was organized and chartered in ... Role Responsibilities: · Performs entry level Compliance Analyst responsibilities with the ...

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Entry Level Credit Analyst information

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How much do entry level credit analyst jobs pay per hour?

As of Jul 26, 2026, the average hourly pay for entry level credit analyst in Silver Spring, MD is $30.94, according to ZipRecruiter salary data. Most workers in this role earn between $23.85 and $34.81 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Entry Level Credit Analyst, and why are they important?

To thrive as an Entry Level Credit Analyst, you need strong analytical abilities, a solid understanding of financial statements, and typically a bachelor's degree in finance, accounting, or a related field. Familiarity with financial modeling tools, Microsoft Excel, and credit analysis software is often required. Attention to detail, effective communication, and problem-solving skills are essential soft skills in this role. These competencies ensure accurate risk assessments, clear reporting, and effective decision-making in evaluating creditworthiness.

What does an Entry Level Credit Analyst do?

An Entry Level Credit Analyst is responsible for evaluating the creditworthiness of individuals or companies by analyzing financial data and credit reports. They help determine the risk involved in lending money or extending credit and may assist in setting credit limits or recommending loan approvals. Their role often involves preparing financial spreadsheets, reviewing credit applications, and supporting senior analysts in making informed decisions. This position is a great starting point for those interested in finance or banking, offering valuable experience in risk assessment and financial analysis.

What is the difference between Entry Level Credit Analyst vs Credit Underwriter?

AspectEntry Level Credit AnalystCredit Underwriter
Required CredentialsBachelor's degree in finance, accounting, or related field; basic knowledge of credit analysisBachelor's degree; often additional certifications like CFA or credit-specific training
Work EnvironmentOffice setting, analyzing financial data, preparing reportsOffice setting, assessing credit applications, making approval decisions
Employer & Industry UsageFinancial institutions, banks, credit agenciesBanks, lending companies, financial services
Common Search & Comparison IntentUnderstanding entry-level roles in credit analysisComparing roles involved in credit approval process

Entry Level Credit Analysts typically focus on analyzing financial data and preparing reports to support credit decisions, often with less responsibility than Credit Underwriters, who evaluate and approve credit applications. Both roles require similar educational backgrounds and are common in financial institutions, but Credit Underwriters usually have more decision-making authority and specialized training.

What are some common challenges faced by entry level credit analysts in their first year, and how can they overcome them?

Entry level credit analysts often encounter challenges such as adapting to complex financial analysis tools, understanding industry-specific credit risk factors, and managing a high volume of loan applications under tight deadlines. To overcome these obstacles, it's helpful to seek mentorship from experienced colleagues, proactively participate in training sessions, and regularly review credit policies and case studies. Collaboration with senior analysts and open communication with team members can also accelerate learning and ensure accurate credit assessments.
What are the most commonly searched types of Credit Analyst jobs in Silver Spring, MD? The most popular types of Credit Analyst jobs in Silver Spring, MD are:
What are popular job titles related to Entry Level Credit Analyst jobs in Silver Spring, MD? For Entry Level Credit Analyst jobs in Silver Spring, MD, the most frequently searched job titles are:
What job categories do people searching Entry Level Credit Analyst jobs in Silver Spring, MD look for? The top searched job categories for Entry Level Credit Analyst jobs in Silver Spring, MD are:
What cities near Silver Spring, MD are hiring for Entry Level Credit Analyst jobs? Cities near Silver Spring, MD with the most Entry Level Credit Analyst job openings:
Entry Level Credit Analyst jobs near you
Infographic showing various Entry Level Credit Analyst job openings in Silver Spring, MD as of July 2026, with employment types broken down into 88% Full Time, 7% Part Time, 1% Temporary, and 4% Contract. Highlights an 85% Physical, 6% Hybrid, and 9% Remote job distribution, with an average salary of $64,345 per year, or $30.9 per hour.
Senior Credit Analyst

Senior Credit Analyst

Western Alliance Bank

Reston, VA

$36.74 - $45.38/hr

Full-time

Medical, Dental, Retirement

Posted 8 days ago

Job description

Job Title:

Senior Credit Analyst

Location:

Austin, TX

What you'll do:

As a Senior Credit Analyst you'll be primarily responsible to spread, manage and maintain financial background information on present and prospective customers, and develop credit studies for the Loan Officers, Chief Credit Officer and other Executive Management. You'll manage spread assignments, conduct financial analyses, and maintain related records and files. One of your key responsibilities is the preparation of a variety of credit department reports.
  • Responsible for supporting the Credit Administration team in analyzing credit and collateral information to determine risk involved in lending money to customers. Collecting, organizing, analyzing company financials to ensure Bank compliance, and updates the Bank's systems accordingly. Work directly with clients to resolve compliance issues and operational inquiries.
  • Review client financials and perform sensitivity analysis to evaluate credit risk in connection with Bank structures. Prepare in-depth reports providing plans of action based on qualitative and quantitative research.
  • Collaborate cross-functionally with Bank groups to execute treasury management products, foreign exchange instruments, derivatives as well as legal documents. Produce loan packages for new and restructured loans.
  • Facilitate reporting and requests on behalf of the Bank with third parties, e.g. field auditors, appraisers, etc. Monitor loan disbursements to ensure compliance with Bank regulations.

What you'll need:

  • 2+ years of related experience in Accounting, Finance or Economics or similar field.
  • Bachelor's degree or equivalent experience required.
  • Entry level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Entry level to intermediate knowledge and understanding of financial statements and ability to analyze business and financial data.
  • Strong analytical, conceptual, communication, leadership, and organizational skills.
  • Ability to self-motivate and work productively without supervision.
  • Intermediate speaking and writing communication skills.
Compensation: Hourly range for new hires is generally $36.74 - $45.38 for Costa Mesa, CA. Hourly range for new hires is generally $39.93 - $49.33 for San Francisco, CA. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned.

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation

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