How to hire a senior credit analyst

How to hire a senior credit analyst, step by step

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

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

What does a senior credit analyst do?

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1. Identify your hiring needs

   Before you start hiring a senior credit analyst, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.

   Determine employee vs contractor status

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

   Yes

   No

   A senior credit analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, senior credit analysts 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 senior credit analyst salaries for various roles:

   Type of Senior Credit Analyst	Description	Hourly rate
   Senior Credit Analyst		$28-60
   Bank Officer	A bank officer is in charge of overseeing the daily operations at banking establishments, ensuring efficiency and client satisfaction. Their responsibilities include gathering and analyzing requests, approving and denying loan applications, providing consultations, processing client requests, and producing progress reports... Show more	$27-52
   Loan Officer	Loan officers are responsible for assisting borrowers on the best type of loans to avail and guiding the clients throughout the application process. A loan officer must be highly knowledgeable about different lending products, payment plans, loan regulations, and essential files for fast loan approval... Show more	$14-33

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Credit Analysis
   • Customer Service
   • Real Estate
   • Risk Management
   • Credit Risk
   • Loan Portfolio
   • Cash Flow Analysis
   • Cash Flow
   • Strong Analytical
   • Credit Worthiness
   • Credit Analysts
   • Due Diligence
   • Excellent Interpersonal
   • Tax Returns

   Check all skills

   Responsibilities:

   • Supervise staff of 20-30 credit professionals managing an $80 - $100 million A/R portfolio consistently exceeding aging goals.
   • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
   • Maintain customer master database in ERP.
   • Pull all back-up documentation for quarterly SOX compliance audit.
   • Ensure policies and procedures are follow in accordance with SOX guidelines.
   • Resolve and communicate insufficient check and ACH issues with customers and sales.

   More senior credit analyst duties

3. Make a budget

   Including a salary range in your senior credit analyst job description helps attract top candidates to the position. A senior credit analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

   For example, the average salary for a senior credit analyst in Utah may be lower than in New York, and an entry-level senior credit analyst usually earns less than a senior-level senior credit analyst. Additionally, a senior credit analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

   Average senior credit analyst salary

   $86,364yearly

   $41.52 hourly rate

   ---

   Entry-level senior credit analyst salary

   $59,000 yearly salary

   Updated January 21, 2026

   Average senior credit analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New York	$119,641	$58
   2	California	$107,945	$52
   3	Washington	$95,126	$46
   4	Delaware	$94,644	$46
   5	Connecticut	$90,123	$43
   6	Maryland	$89,038	$43
   7	Ohio	$88,782	$43
   8	Pennsylvania	$88,078	$42
   9	Massachusetts	$87,182	$42
   10	North Carolina	$86,204	$41
   11	Virginia	$84,964	$41
   12	Florida	$82,035	$39
   13	New Jersey	$78,090	$38
   14	Arizona	$77,561	$37
   15	Texas	$77,534	$37
   16	Minnesota	$77,418	$37
   17	Georgia	$77,249	$37
   18	Illinois	$75,683	$36
   19	Colorado	$72,300	$35
   20	Nebraska	$70,287	$34

   Average senior credit analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Apple	$131,526	$63.23	1
   2	BP America Inc	$129,779	$62.39	1
   3	MUFG EMEA	$114,005	$54.81
   4	First Republic Bank	$110,918	$53.33
   5	Ernst & Young	$110,650	$53.20	15
   6	Western Alliance Bank	$109,950	$52.86	18
   7	Bloomberg	$109,261	$52.53	1
   8	Santander Private Banking International	$109,182	$52.49	1
   9	Phoenix Investment Funds	$109,068	$52.44
   10	AIG	$108,704	$52.26
   11	Barclays	$107,942	$51.90	3
   12	SHENKMAN CAPITAL MANAGEMENT	$107,490	$51.68
   13	Amundi	$106,942	$51.41
   14	Northern Trust	$106,785	$51.34	3
   15	BNP Paribas	$106,651	$51.27	1
   16	Cargill	$105,792	$50.86
   17	Amazon	$105,532	$50.74	3
   18	Credit Agricole CIB	$104,103	$50.05	4
   19	Sumitomo Mitsui Financial Group	$104,053	$50.03
   20	NRG Energy	$103,619	$49.82	2

4. Writing a senior credit analyst job description

   A senior credit analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a senior credit analyst job description:

   Senior credit analyst job description example

   Role Summary: As a Senior Analyst in Portfolio Credit Analytics, the candidate would be the primary analytic resource support for Portfolio Credit Manager of CareCredit portfolio. This role enables candidate to work directly with the portfolio credit managers in catering to the end-to-end analytical needs from credit risk standpoint. Candidate will have an opportunity to work with cross-functional teams and leverage state of the art tools (viz., SAS, SQL, Python, Tableau Model builder suite of products etc..) and also expected to manage communication rhythm with stakeholders on a regular basis.
   Essential Responsibilities:
   Partnering with Portfolio Credit Managers to understand analytic needs and provide insights and recommendations to improve portfolio performance.Develop dashboards and reports to effectively monitor portfolio health and communicate insights and findings to Portfolio Credit managers and senior leadership.Extract portfolio data through SAS/SQL queries, complete portfolio analysis, review trends and make implementable recommendations.Support tracking and reporting of champion/challenger strategy tests including preliminary analysis of the performance of the different strategies.Support best practice sharing of portfolio analyses across client teams.Monitor business level control points and provide recommendations to management on actions to changing portfolio trends.Perform other duties and/or special projects as assigned
   
   Qualifications/Requirements:
   Degree in following Majors - Mathematics/Statistics, Operations Research, Economics, Computer Science/Engineering or other quantitative majors.Minimum 2+ years of hands on experience in banking analytics using SAS/SQL.Strong communication skills with the ability to prepare clear communication and confidently present meaningful analysis to senior and executive management level.Strong multi-tasking ability in a fast-paced environment Strong Team Player in cross-functional environment.Strong written/oral communication skills.For Internal Applicants: Understand the criteria or mandatory skills required for the role, before applying.Inform your Manager or HRM before applying for any role on Workday.Ensure that your Professional Profile is updated (fields such as Education, Prior experience, Other skills) and it is mandatory to upload your updated resume (Word or PDF format) Must not be any corrective action plan (First Formal/Final Formal, PIP) Employees who have completed 18 months in the organization and 12 months in current role and level are only eligible.Last annual performance rating should at least be Strong Contributor/Critical TalentExisting Level 6,7 are eligible to apply, will be considered for Level 8 if selected Shift timings: 2PM - 11PM IST
   
   Desired Skills:
   Experience in Credit Analytics is an added advantage.Clear thinker with an ability to think through processes Proven ability to successfully interact with all levels of an organization.Demonstrated experience analyzing business data with the ability to distill large amounts of information down to the critical areas of focus.Working knowledge of credit bureaus and Knowledge of US, Canadian credit bureau data.Work experience in a US financial institution or bank.
   
   Grade/Level: 08
   
   Job Family Group:
   Risk Management

   Copy this example

   

5. Post your job

   To find the right senior credit analyst for your business, consider trying out a few different recruiting strategies:

   • Consider internal talent. One of the most important sources of talent for any company is its existing workforce.
   • Ask for referrals. Reach out to friends, family members, and current employees and ask if they know or have worked with senior credit analysts they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit senior credit analysts who meet your education requirements.
   • Social media platforms. LinkedIn, Facebook and Twitter now have more than 3.5 billion users, and you can use social media to reach potential job candidates.

   Post your job online:

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

6. Interview candidates

   To successfully recruit senior credit analysts, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.

   You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete 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 senior credit analyst

   Once you've decided on a perfect senior credit analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.

   It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.

   To prepare for the new senior credit analyst 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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How much does it cost to hire a senior credit analyst?