Top Credit Analyst Interview Questions with Example Answers [2020]

Prepare for your Credit Analyst interview by going through these most asked Credit Analyst interview questions. Additionally, get access to sample answers and interviewer's expectations.

Search Credit Analyst Questions:


  • Question: How would you assess the value of a product?
  • Question Overview: The candidate should be able to assess the value of a product based on the customer's needs. He or she should be able to determine if the product will help the consumer and if it's a good fit for the individual's financial situation. The applicant should have experience with the product and understand how it works.

    Sample Answer: I would assess the value of a product by determining if it would help the consumer meet his or her financial goals. I would also consider if the borrower could afford the product and if it was a good fit for their financial situation.

      What the interviewer is looking for:
    • - Experience with assessing products
    • - Knowledge of how products work
    • - Experience with the product

  • Question: Where do you see yourself in 5 years?
  • Question Overview: The candidate should have a plan for their career and a goal for their future. The answer indicates that the person is motivated and has a long-term vision for their career. The candidate should also be able to explain how they will achieve their goals.

    Sample Answer: I see myself as a senior analyst in your company in five years. I will continue to learn new skills and take on more responsibilities within the company.

      What the interviewer is looking for:
    • - Knowledge of long-term career goals
    • - Motivation to achieve goals
    • - Ability to explain how they will achieve their goals

  • Question: Tell me about your self.
  • Question Overview: The candidate should be someone who is honest and has a positive attitude. The applicant should be someone who is willing to work hard and learn new skills.

    Sample Answer: I'm a hard worker who is willing to learn new skills and take on new challenges.

      What the interviewer is looking for:
    • - Honesty
    • - Positive attitude
    • - Willingness to learn new skills

  • Question: What do you do when a client confronts you?
  • Question Overview: The candidate should be someone who can remain calm and collect the facts before making a decision. He or she should be able to listen to the client's concerns and address them in a professional manner. The applicant should be someone who can resolve the issue and make the client feel comfortable with the decision.

    Sample Answer: I remained calm when a customer confronted me about an error on their account. I listened to their concerns and explained the error in terms of our company's policies. I resolved the issue by correcting the error and making sure that they understood our policies.

      What the interviewer is looking for:
    • - Experience with handling confrontations
    • - Knowledge of how to remain calm during a confrontation
    • - Knowledge of how to collect facts and make decisions

  • Question: Which of the financial statements is most important?
  • Question Overview: The candidate should be someone who understands the importance of the financial statements and how they affect the business. The financial statements are the most important documents for a credit analyst. They help the analyst determine if a borrower can afford to pay back a loan. The financial statements also help the analyst determine if a borrower can afford to pay back a loan.

    Sample Answer: The balance sheet is the most important financial statement because it shows the company's assets and liabilities. It shows how much money is available to pay off debts.

      What the interviewer is looking for:
    • - Knowledge of the importance of financial statements
    • - Familiarity with financial statement analysis
    • - Knowledge of how to calculate financial ratios

  • Question: What is leverage and talk about a time its good for an individual?
  • Question Overview: The candidate should be able to explain how leverage works and how it can be beneficial to a borrower. He or she should also be able to discuss a time when leverage was not a good idea.

    Sample Answer: Leverage is the amount of money borrowed compared to the amount of money invested. For example, if you borrow $100,000 to invest in a business and the business earns $10,000 in profits, your return on investment is 10 percent. If you borrow $1 million and the business earns $100,000 in profits, your return on investment is 10 percent.

      What the interviewer is looking for:
    • - Knowledge of how leverage works
    • - Experience with leveraging loans
    • - Knowledge of when leverage is not a good idea

  • Question: What is your greatest strength?
  • Question Overview: Look for a candidate who has the right skills and experience for the job. The applicant should be able to explain how they will use their strengths to help your company succeed.

    Sample Answer: My greatest strength is my ability to work with people. I enjoy helping others find solutions to their financial problems.

      What the interviewer is looking for:
    • - Knowledge of financial services industry
    • - Experience in the financial services industry
    • - Knowledge of lending laws and regulations

  • Question: Tell me about a time when you had to deal with a personality conflict.
  • Question Overview: Look for a candidate who can handle a difficult situation and resolve it in a professional manner. A credit analyst must be able to work with all types of people, including those who are difficult to deal with. The applicant should be able to work with the consumer and explain the financial situation in a way that helps the borrower understand the problem.

    Sample Answer: I had to deal with a customer who was upset about his credit report. I explained that he had too many open accounts and that his debt-to-income ratio was too high for him to qualify for a mortgage loan. He didn't like my answer, but I explained the situation again and he understood the problem.

      What the interviewer is looking for:
    • - Experience dealing with difficult personalities
    • - Knowledge of how to resolve conflicts
    • - Ability to communicate with consumers

  • Question: What are your career goals?
  • Question Overview: Look for a candidate who has a clear vision for their career and who has a plan to achieve their goals. A candidate who is willing to take on new challenges and responsibilities will help your company grow.

    Sample Answer: I want to continue my education and earn a master's degree in business administration. I plan to apply for a position as a credit analyst at a larger financial institution.

      What the interviewer is looking for:
    • - Knowledge of career goals
    • - Experience with career planning
    • - Knowledge of how to achieve career goals

  • Question: How will you describe the difference between a balance sheet and an income statement?
  • Question Overview: The candidate should be able to explain the difference between the two financial statements and know how to use them to determine the financial health of a company. The balance sheet shows the company's assets, liabilities and equity at a specific point in time. The income statement shows the company's revenues, expenses and net income over a period of time.

    Sample Answer: The balance sheet shows the company's assets, liabilities and equity at a specific point in time. The income statement shows the company's revenues, expenses and net income over a period of time.

      What the interviewer is looking for:
    • - Knowledge of financial statements
    • - Familiarity with balance sheets and income statements
    • - Knowledge of how to use financial statements to determine financial health of a company