With so much money invested in the shipping industry, accurate and timely analysis of the financial state of companies and the shipping market itself is essential. With many blue chip shipping companies sometimes revealing profits in six figures or more, investors need to be sure that their money is safe.
Credit Analysts try to remove some of the guesswork by employing strong analytical skills and research to ascertain the financial health of a company. Credit analyst responsibilities could include carrying out detailed credit analysis and risk assessments on various shipping sectors, analysis on potential acquisitions of vessels or companies, due diligence, and general research. You will also be required to deliver your findings in a presentable format, by the agreed deadline.
To be successful, a credit analyst must have up-to-date knowledge and understanding of the markets in which he/she is reporting, as well as the regulations and practices relevant to that trade. This will involve building up good contacts and trustworthy sources of information. Normally, credit analysts will be qualified to degree level, preferably with a financial or business-related degree, and have links to the shipping industry.