Dear job seeker,
I will keep this page short and to the point. Here’s what I have for you today:
In the eBook, you will find multiple great answers to each of the following questions:
- How do you ensure you make no mistakes in your work?
- What do you want to accomplish as a credit analyst?
- What do you consider your greatest weakness as a credit analyst?
- What things do you consider most important when conducting a credit analysis of a loan applicant?
- What do you consider the toughest aspect of this job?
- What do you think about credit rating agencies, such as Fitch or Moody’s? Do you think we should use the information from them in our work?
- Describe the biggest failure of your professional career.
- Describe the most common credit facilities for companies.
- Imagine there is a prospective client, a big name in the business, asking for a long term loan. Your analysis shows that they might struggle with repaying the credit. What would you do in this case?
- Why should we hire you, and not one of the other applicants?
… and fifteen other questions you may realistically get in your interview for a credit analyst job.
Check the sample to see how this book can help you:
Sample from the eBook
Question: What do you want to accomplish on this position?
Hint: Interviewers try to find out more about your attitude to work and life. Average employees go to job only to make money (or because everyone else goes to work in the morning), but exceptional employees try to achieve something with their daily job.
This sense of purpose helps them to stay motivated, focused, and basically to enjoy their time in work. Small difference in attitude can make a big difference in your everyday life…
In an ideal case you should refer to certain goals you want to achieve for your employer. For example, helping them to decrease the number or ratio of loan defaults (with your excellent analysis), is one of such goals.
You can also refer to personal accomplishments, such as learning the ins and outs of business and financial analysis, or to some small everyday accomplishments. See sample answers for inspiration.
To be honest, I do not have some big goals on my mind. I want to help my employer with an accurate and in-detail analysis, to make the loan application process as accurate as possible, to decrease the ratio of loan defaults over time. But I understand this is a team effort, and it requires time. Let’s see if we can achieve something great together.
I definitely want to improve my skills in credit analysis and financial analysis. I heard good things about your training program, and I really hope that I will become expert in the subject. Once it happens, both I and the bank will benefit from it.
I do not dream about some huge achievements, or promotion, or anything like that. I am not that kind of a person. I simply want to do a good job, day in day out, for a long time. I hope to have good relationship with my colleagues, and help everyone enjoy their time in the bank. If I manage to achieve this, I know I will enjoy my time in work.
Question: What do you consider the toughest aspect of this job?
Hint: Perfect jobs do not exist, and you shouldn’t wear pink glasses in your interview. To difficult aspects of credit analyst job definitely belongs the sense of responsibility you carry (each mistake can prove costly for both you and your employer), repetitiveness of the job (though each case is different, you’ll always look at the same documents and consider the same indicators and risks), sometimes a heavy workload (this depends on your place of work), and perhaps also other things.
Demonstrate that you do not expect an easy ride, that you count with experiencing difficult days in work. Ensure the interviewers that you won’t quit with the first crisis.
I haven’t had this job before, so it is not easy to pick the toughest aspect. I guess that the repetitiveness can be dull and also tiring mentally. It’s not easy to keep sharp focus day after day, analyzing always the same types of documents, the same sets of data. Nevertheless, perfect jobs do not exist, so I do not see this as a reason why I should not apply. Each job presents some difficulties, and I am here to learn how to handle them.
I’d say it’s a sense of responsibility and zero tolerance for mistakes. We are humans, we make mistakes, and it can be very demanding to stay perfectly focused and present each hour in work, to minimize the chances of making mistakes. But I am aware of this aspect of credit analysis, and if I didn’t feel ready to deal with it, I would not apply for a job with you.
End of the sample
These were just two questions. You will find 25 in the eBook, including difficult behavioral questions. And that’s not all.
To ensure you will get the job, I included in the book six principles you need to understand before you can ace the interview for a position of a credit analyst
Without talking too much, let’s have a look at one o them:
Sample no. 2
Principle no. 1: Focus on attitudes
Whether you answer a simple question, or a seemingly difficult one, whether you shake hands with your interviewers or choose a chair to sit on in an office, whether you write your answers online, or say them on the phone, people who consider hiring you (and want to do so at the end, because they need new credit analysts) observe only two things: Your attitudes, and opinions.
They look mostly for the following in a good job candidate:
It’s no fun when debtors stop paying. We can talk about the most recent financial crisis as a prime example. Many banks and financial institutions went bankrupt. Countless human beings lost work, home, and some committed suicide.
All of that could have been avoided, if credit analysts and loan officers had done a better job while approving the loans, rejecting applications for loans that had been bound to remain unpaid.
They didn’t act responsibly. Financial institutions do not want to hire credit analysts who take their job lightly, and who’d approve any loan, just because it means a business for a bank.
You should be aware of this, and demonstrate a mature sense for responsibility in your answers. Do not take things lightly. There’s no place for jokes in this interview. Show them that you mean business and will approach each day in work aware of the responsibility you carry on your shoulders.
Sense for detail and numbers.
Percentages and tenths make a difference. A single wrong number (misinterpreted by you, or purposely misinterpreted by a loan applicant) can change the result of their loan application. From rejection to acceptation.
This should not happen to a good analyst. Ensure the interviewers that you care about details. Use numbers anytime possible in your interview answers. Talk in details about your past jobs, or about anything else. They should feel that you care for numbers, percentages and decimals, and will work accordingly.
Willingness to learn.
Doesn’t matter what you have done before, doesn’t matter if you are just starting your career, or have ten years of experience in financial analysis … Things work a bit differently in every single financial institution. And you will have to follow their way of doing things—at least while considering the credit history of a prospect/customer, and their eligibility to get a loan.
Show them your willingness to learn, to adapt, to do things their way, to follow the processes they have in place. This is crucial especially in the beginning of your mutual journey.
Job of a credit analyst offers little room for your own ideas and creativity. Keep it on your mind in an interview.
You will deal with some unpleasant situations in your job. Clients may be angry on you (for rejecting their application), and you may face a strange form of pressure from your employer.
They want you to approve certain number of loans (because lending and collecting interests is how the bank earns money), but at the same time they want you to be strict, and conduct a careful analysis of each prospect’s credit history.
It’s not always easy to find balance in this situation…
Try to stay calm and level-headed, regardless of what happens in your interview. They may try to put you under pressure with some questions, but that’s just the part of the game.
Stay calm, even if you can’t answer some question. Once they see your peace of mind and a calm way in which you react to seemingly stressful situations, you will………..
End of the sample
So that’s it. I do not want to waste your time with lengthy sales pages, and imaginary discounts, or with fake reviews, like other people do on their websites while trying to sell you something.
You have read the samples, you know what the eBook is about, and surely you can tell whether it will help you.
I sincerely believe it will help you. And you can read it easily in two or three hours, it’s 12,000 words. Only things that truly matter, no secondary content.
Plus, of course, like with everything else we sell here on InterviewPenguin.com, you have a risk free sixty days money back guarantee. If you don’t like this eBook for any reason, or no reason at all, just let me know (email me at matthew[at]interviewpenguin[dot]com) within 60 days and we will give you a full refund.
- Brilliant answers to twenty-five questions you may get in your interview for a credit analyst job.
- More answers to each question (two to four), so you can choose one that reflects your values and experience.
- Six principles of acing the interview, things you simply need to know in order to make the right impression on the hiring managers.
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That’s it. Your interview does not have to be stressful, or difficult. You can interview with confidence, and give brilliant answers to all tough questions. Download the guide today, and succeed in your interview for a job of a credit analyst.
Your personal job interview coach
P.S. Send me a message if you have any additional questions. I try my best to answer all messages within twelve hours (matthew[at]interviewpenguin[dot]com). Thank you!