Your answer to this question, tells the interviewer, if you are aware of the responsibilities you’ll need to perform in this role, your capability, readiness, and commitment.
Make sure that you have read the job description well and are prepared to answer the questions. Some of the things that you can talk about are:
▪ Assess credit requests – new, changed, requiring refinance, annual due diligence.
▪ Thoroughly Analyze the financial statements and make recommendations regarding credit risk.
▪ Ascertain the borrower’s ability to repay the amount and present your finding and recommendations to the authorities.
▪ Stay aware of any changes in the lending protocol of the bank or the company
▪ Periodically reconcile credit files to identify any discrepancies & variances ▪ Prepare spreadsheets and develop models to analyze new and existing credit applications.
▪ Discuss with customers to understand their real-world circumstances, other than financial, to see if they can have any impact on your decision.
