How to become a credit analyst
Official title: Credit analyst
Also called: Credit assessor, Senior credit risk analyst, Contracts and credit analyst, Credit solutions specialist, Senior collections analyst, Lead credit analyst, Credit and loans officer
Credit analysts handle credit applications. They check customer suitability, credit and payment history and finances to decide their ability to repay loans.
Main tasks
- Assess financial position of clients
- Analyse business and financial data
- Assess risks to business activities
- Examine financial records
- Prepare financial documents, reports and budgets
- Prepare contracts and other transaction documents
- Study market conditions and trends
- Give advice about finances
How to become one
You usually need experience to become a credit analyst and a qualification may be useful. You usually need NCEA Level 3 to do the study or training for this job. Other requirements: experience in similar work; a New Zealand Certificate in Credit Administration (Level 3); a New Zealand Certificate in Credit Management (Level 4); a relevant tertiary qualification in banking and finance or similar area.
Ways in
- Certificates and diplomas: Advanced certificates and diplomas in banking and finance. TEC links this job to study in banking and finance. Qualifications: NZ Cert in Financial Services, Cert in Financial Advice. Usually 6 to 11 months. Graduates of these qualifications earn a median $75,000 a year one year after study; 81% are employed one year after (TEC, from Stats NZ IDI data).
Pay · Past change
- Most common pay: $71,000 to $107,000 a year (median $83,000), a TEC estimate before tax.
- Lower: $61,000 a year · Upper: $142,000 a year
- TEC's pay figures are estimates only. TEC says they must not be used to set pay, in pay negotiations or in visa applications.
- Change in the number of people doing this job between the 2018 and 2023 Censuses: Strong increase (TEC). This is past change, not a forecast.
Who does this work
- About 310 people did this job at the 2023 Census (TEC).
Related jobs
- Payroll manager
- Payroll consultant
- Accountant and auditor
- Finance analyst
- Investment analyst
- Financial risk specialist
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Questions people ask
How do I become a credit analyst?
You usually need experience to become a credit analyst and a qualification may be useful. You usually need NCEA Level 3 to do the study or training for this job. Other requirements: experience in similar work; a New Zealand Certificate in Credit Administration (Level 3); a New Zealand Certificate in Credit Management (Level 4); a relevant tertiary qualification in banking and finance or similar area.
How much does a credit analyst earn in New Zealand?
The Tertiary Education Commission estimates median pay at $83,000 a year, before tax. Most common pay is $71,000 to $107,000 a year.
Has the number of people working as a credit analyst grown in New Zealand?
It has grown strongly: TEC records a strong increase in the number of people doing this job between the 2018 and 2023 Censuses. This is past change, not a forecast.
Sources
- Tertiary Education Commission (Tahatu Career Navigator): Tahatu career ideas: descriptions, tasks, pay estimates, people employed, employment change 2018 to 2023, entry requirements, registration, interest scores (Site scrape 2026-10 (816 career ideas, sitemap lastmod 2026-10-01)), CC BY 4.0, retrieved 4 October 2026
This content is sourced from the Tertiary Education Commission through the Tahatū Career Navigator website (www.tahatu.govt.nz) and used under the CC BY 4.0 licence. All or some of the information has been modified by Peernovo. TEC has not approved, endorsed or tested these modifications. TEC will not be held accountable for any errors within this content.
Qualification information from NZQA, used under CC BY 3.0 NZ.
This work is based on/includes Stats NZ's data which are licensed by Stats NZ for reuse under the Creative Commons Attribution 4.0 International licence. Census data via Figure.NZ.
Includes information from O*NET OnLine by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. USDOL/ETA has not approved, endorsed, or tested these modifications.
Sources: Tertiary Education Commission, Tahatū Career Navigator (career ideas, pay estimates, entry requirements and study options, CC BY 4.0, modified by Peernovo); Stats NZ, 2023 Census (via Figure.NZ) and the National Occupation List (CC BY 4.0); NZQA qualification information (CC BY 3.0 NZ); O*NET interest scores (CC BY 4.0); ILO global generative AI exposure index (CC BY 4.0). Links between career ideas and ANZSCO groups, degree fields and broad job groups are Peernovo's.
These results are not official statistics. They have been created for research purposes from the Integrated Data Infrastructure (IDI), which is carefully managed by Stats NZ.
Graduate outcomes: these results are not official statistics. They have been created for research purposes from the Integrated Data Infrastructure (IDI), which is carefully managed by Stats NZ.
Updated 4 October 2026