How to hire a credit analyst internship

How to hire a credit analyst internship, step by step

Here's a step-by-step credit analyst internship hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a credit analyst internship job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new credit analyst internship
• Step 8: Go through the hiring process checklist

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1. Identify your hiring needs

   First, determine the employments status of the credit analyst internship you need to hire. Certain credit analyst internship roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A credit analyst internship's background is also an important factor in determining whether they'll be a good fit for the position. For example, credit analyst interns from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   Here's a comparison of credit analyst internship salaries for various roles:

   Type of Credit Analyst Internship	Description	Hourly rate
   Credit Analyst Internship		$12-23
   Analyst	Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more	$25-47
   Summer Analyst	Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information... Show more	$20-49

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Strong Analytical
   • SAS
   • Credit Analysis
   • PowerPoint
   • Credit Risk
   • Financial Performance
   • Risk Management
   • Real Estate
   • Financial Institutions
   • Credit Analysts
   • Financial Data
   • Tax Returns
   • Cash Flow
   • Credit Worthiness

   Check all skills

   Responsibilities:

   • Manage accounting operations, accounting close, account reporting and reconciliations.
   • Reduce risk associate with mortgage-backed securities by providing quality assurance on the servicing and cash-flow reporting of all parties involve.
   • Enter returns information in AS400, base on customer's invoices for product that is returned.
   • Provide assistance to the Indiana Medicaid/Medicare provider community via multi-line telephone system.

3. Make a budget

   Including a salary range in your credit analyst internship job description is one of the best ways to attract top talent. A credit analyst internship can vary based on:

   • Location. For example, credit analyst interns' average salary in idaho is 52% less than in new york.
   • Seniority. Entry-level credit analyst interns 47% less than senior-level credit analyst interns.
   • Certifications. A credit analyst internship with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a credit analyst internship's salary.

   Average credit analyst internship salary

   $36,103yearly

   $17.36 hourly rate

   ---

   Entry-level credit analyst internship salary

   $26,000 yearly salary

   Updated January 23, 2026

4. Writing a credit analyst internship job description

   A good credit analyst internship job description should include a few things:

   • Summary of the role
   • List of responsibilities
   • Required skills and experience

   Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a credit analyst internship job description:

   Credit analyst internship job description example

   Graco manufactures and markets premium equipment to move, measure, control, dispense and spray a wide variety of fluid and powder materials. What does that mean? Well, we pump peanut butter into your jar, and the oil in your car. We glue the soles of your shoes, the glass in your windows and the screen on your phone. We spray the finish on your vehicle, coatings on your pills, the paint on your house and texture on your walls. Graco is part of your daily life.
   
   The Graco Summer 2023 Intern Program is designed for students who seek a culture of innovation, quality, and A+ customer service. As a Graco intern, you will have the opportunity to grow knowledge of the industry, develop solutions to real business challenges, and make important connections for the future. During the internship, you will work on projects that align with the needs of the business that allow you to have a hand in key company initiatives. Throughout the summer you will be invited to attend educational and social events and will complete a final presentation on your internship experience.
   
   Job PurposeThe position will support the Accounts Receivable Team. As an Intern, one will get exposure to the credit and cash application departments and learn more about Graco as a company.
   
   Analyze department metrics for ideal utilization Assist with projects involving ERP conversion and data integrity Assist with implementation of the cash automation system Assist credit representatives with customer debits Work with cash application specialists to align deductions and repayments Work on special projects May have contact with customers by phone and/or email
   Requirements
   High School GraduateMinimum one year of college with a major or concentration in Accounting, Finance, or economics is required (can be a student seeking a two-year degree in accounting Strong team player with the ability to work with internal and external customers Ability to organize and prioritize workload Analytical and problem-solving skills with attention to detail Good communication skills Strong PC and MS Excel skills
   
   Power to BeAt Graco, the Power to Be means providing the support, resources and freedom to pave your own way. Bring your unique attributes to the table, along with a commitment to being your best self, and you can be a part of a culture that rewards effort, celebrates uniqueness, and gives you the tools you need to succeed and become your best, fullest self along the way. Our culture empowers employees to chart their own career path. Our managers provide support and opportunities while offering freedom for employees to find their own Power to Be. Whether you decide to move up within the same department or expand to another cross-functional group, you will gain the well-rounded experience to succeed on your own terms.
   Graco has excellent opportunities available to individuals who want to be part of a fast-moving, growing company that is committed to quality, innovation and solving fluid handling problems for our customers. Graco is proud to be named a Best Place to Work by Fortune Magazine in 2016, 2018, 2019 & 2021. Graco offers attractive compensation, benefits and career development opportunities. Graco's comprehensive benefits include medical, dental, stock purchase plan, 401(k), tuition reimbursement and more.
   Proven Quality. Leading Technology. Launch your career with Graco!

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right credit analyst internship for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   Post your job online:

   • Post your credit analyst internship job on Zippia to find and attract quality credit analyst internship candidates.
   • Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   During your first interview to recruit credit analyst interns, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new credit analyst internship

   Once you have selected a candidate for the credit analyst internship position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

   You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.

   To prepare for the new credit analyst internship first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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