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Junior Credit Analyst

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ING

Jan 23, 2025

  • Job
    Full-time
    Entry & Junior Level
  • Accounting & Tax
    Banking & Finance
  • Manila
  • Quick Apply

AI generated summary

  • You should have a relevant degree, experience in financial services, strong knowledge of financial statements, excellent communication skills, and attention to detail.
  • You will analyze financial statements, screen loan agreements, prepare reports for lending teams, conduct sector research for risk assessments, and develop credit and analytical skills in a global environment.

Requirements

  • Bachelor’s degree preferred - if possible, in Business, Accounting, Finance or Economics but can be in another discipline coupled with strong knowledge of accounting.
  • Work experience should be in financial services involving corporate or institutional lending.
  • Solid understanding of the financial statements of companies.
  • We value resourcefulness, teamwork, and enthusiasm all of which might be demonstrated via your previous work experience or perhaps involvement in extracurricular activities.
  • High level of attention to detail coupled with strong organisational and scheduling skills are important.
  • Excellent written and spoken English communication skills. You will be working with teams across multiple lines of business based in many different counties so strong communication skills are a must.

Responsibilities

  • Analysing financial statements (Income Statement, Balance Sheet and Cash Flow Statement) of public and private companies and inputting the required data into various credit analysis systems.
  • Screening the loan agreements and understanding the financial covenants applicable to the borrower.
  • Preparation of various reports for lending teams across the globe for overdue ratings, covenants and financials – we want to be able to proactively help the lending teams resolve any issues before they may arise.
  • Conducting background research independently to understand the broad drivers that guide various sectors in which the borrowers operate with a view to performing a brief risk assessment, resulting in an appropriate risk rating.
  • You will develop credit, analytical and technical skills while gaining hands-on experience in your role.
  • You will work with engaged managers and have exposure to global teams across all areas of Wholesale Banking (e.g., corporate, real estate, and financial institutions etc).

FAQs

What qualifications are required for the Junior Credit Analyst position?

A Bachelor's degree is preferred, ideally in Business, Accounting, Finance or Economics, but candidates with degrees in other disciplines combined with strong knowledge of accounting may also be considered.

How much work experience is needed for this role?

The position is open to individuals with 0-2 years of experience, including fresh graduates and those with prior experience in financial services related to corporate or institutional lending.

What skills are essential for a Junior Credit Analyst?

Essential skills include a solid understanding of financial statements, attention to detail, strong organizational and scheduling abilities, and excellent written and spoken English communication skills.

What are my main responsibilities as a Junior Credit Analyst?

Main responsibilities include analyzing financial statements, screening loan agreements for financial covenants, preparing various reports for lending teams, conducting background research for risk assessments, and developing credit, analytical, and technical skills.

Will I receive any training in this role?

Yes, you will develop credit, analytical, and technical skills while gaining hands-on experience, and you will receive guidance from engaged managers.

Is teamwork important in this role?

Yes, teamwork is highly valued, and candidates should demonstrate resourcefulness, collaboration, and enthusiasm through previous work experience or extracurricular activities.

What types of companies will I be analyzing?

You will be analyzing financial statements of both public and private companies across various sectors, considering their specific contexts in your assessments.

Will I be working with teams globally?

Yes, you will be collaborating with global teams across different areas of Wholesale Banking, including corporate, real estate, and financial institutions.

What kind of reports will I be preparing?

You will prepare reports related to overdue ratings, covenants, and financials to help proactively address potential issues for the lending teams.

Is previous experience with loan covenants needed?

While prior experience with monitoring loan covenants is beneficial, candidates can also be considered based on their overall financial services background and understanding of financial analysis.

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ING

Empowering people to stay a step ahead in life and in business.

Finance
Industry
10,001+
Employees
1991
Founded Year

Mission & Purpose

ING is a pioneer in digital banking and on the forefront being one of the most innovative banks in the world. As ING we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or to tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realize their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers.