The main responsibility of a credit analyst is to examine an individual's or company's creditworthiness. Credit analysts collect all the financial information from customers, such as earnings and repayment history, to make evaluation of their ability to meet various financial obligations.
A borrower's previous financial and credit history is examined by a credit analyst to determine their financial health and ability to repay the credit extended by a lender. Commercial and investment banks as well as private equity firms typically hire credit analysts.