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CREDIT ANALYST Interview Questions And Answers! - YouTube
Channel: CareerVidz
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hello there my name is richard mcmunn
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from the interview training company
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passmyinterview.com
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and in this tutorial i will teach you
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how to pass a credit analyst
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interview so it does not matter which
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organization
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you have your credit analyst interview
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with make sure you stay tuned
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stick around because i will help you to
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pass your
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interview and to achieve that goal this
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is what i am going to cover
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i will give you a list of credit analyst
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interview questions
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the ones i strongly recommend you
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prepare for i'm going to give you
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brilliant unique answers to tough and
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challenging
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credit analyst interview questions i
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will give you some tips
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on how you can stand out during your
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interview and i will tell you
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about further resources you can get
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access to including these slides
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to help you succeed so there's four
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reasons why
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i strongly recommend you watch it from
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start to finish let's get straight
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into the first question and that is tell
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me about yourself
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so it is very important you get off to a
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flying start
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in your credit analyst interview now
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because this is going to be the first
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question asked make sure you give a
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positive
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confident answer that focuses on your
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ability
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to match the person specification for
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this role
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here's a great answer to help you tell
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me about yourself
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i take great pride in my work as a
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credit analyst and over the years
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i have been careful to build up a
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diverse range of skills
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that enable me to excel in the role i am
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highly analytical i can solve problems
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quickly
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i can work at pace i work well as part
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of a team
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and i will always ensure the financial
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objectives of my employer
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are at the heart of everything i do i
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have built up extensive knowledge of the
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financial sector
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and the processes i use whilst carrying
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out my duties as a credit analyst
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are suited to all types of situation i
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appreciate you have many candidates to
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choose from
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however the skills the qualities and the
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breadth of experience i can bring to the
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role
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make me i believe the ideal person for
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the position
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so that's a positive answer that sets
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you up with confidence
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for the rest of your credit analyst
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interview now you can either pause the
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video if you want to
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and take a note of the questions and
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answers as we work through them together
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or if you want to wait i will tell you
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soon where you can download my full set
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of 26
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credit analyst interview questions and
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top scoring answers
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including the ones we are covering today
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here's the next question
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why do you want to work for our
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organization as a credit
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analyst now the hiring manager wants to
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know that you have carried out
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sufficient research
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to convince yourself that their
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organization is
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one you will want to stay working at for
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a long period of time
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now as you already know this is a role
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that requires consistency
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and an ability to build up long-term
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client relationships
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so here's another great answer to guide
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you why do you want to work for
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our organization as a credit analyst
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i am looking for long-term employment
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with the same company as a credit
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analyst so prior to the interview
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i carried out extensive research into
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your organization
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everything i learned pointed to the fact
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that this is a brilliant place to work
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you support your employees to be the
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best they possibly can be
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you take compliance seriously and you
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are forward thinking
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in your approach to business the latest
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news stories on your website
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and on your linkedin corporate page all
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tell me this is a caring
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and ethical organization and from what i
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have heard from current and former
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employees
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it's a great place to learn grow and
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develop so that's another cracking
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answer
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now don't go anywhere because i still
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have more questions and answers to give
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you but when you're ready if you want to
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click that link in the top right hand
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corner of the video
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it takes you through to my website
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and you can download my full set of 26
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credit analyst interview questions
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and top scoring answers including the
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ones covered today
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but here's the next question what are
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the five
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c's of credit analysis now there will be
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several
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technical level questions asked during
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your credit analyst interview
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and this is one of the more common ones
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so here's my example answer to help you
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what are the five c's of credit analysis
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the five c's of credit analysis are
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character
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capacity capital collateral and
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conditions
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character is my opinion of whether the
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entity is likely to repay the debt
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capacity is the ability of the borrower
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to have sufficient funds moving forward
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to repay the loan
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capital is the amount of money the
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borrower is putting up themselves
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the more they are prepared to risk
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themselves the more they are likely to
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repay the debt collateral
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is any security the borrower is prepared
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to put up against the loan
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and finally conditions are the purpose
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of the loan what it will be used for
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along with the predetermined repayment
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terms now i like that answer because you
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are not just
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saying what the five c's are you are
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explaining what each one is so you are
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showing a depth of knowledge in relation
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to your subject matter
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the next question when considering
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whether to lend to a company what would
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you
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analyze now of course when answering
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this question
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it is important to state that you will
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follow the organization's policy
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on credit and lending assessments
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however you
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also need to state the different
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elements you will analyze
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too so here's another great answer to
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help you
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when considering whether to lend to a
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company what would you
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analyze i would look at various aspects
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of a company in line with the operating
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procedures set by my employer
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i would look at the various financial
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statements of the business over the last
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five years
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including the income statement the
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balance sheet shareholders funds and
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profit and loss account
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i would assess the company assets to see
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which could be used as security
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i would assess the company interest
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coverage ratio
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to make sure they can pay the debt plus
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the interest accrued
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and i would measure additional
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qualitative factors outside of financial
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information
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to assess a business's suitability for
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lending now as i said at the start it
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would be vital
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that i follow your set procedures when
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assessing any company for lending
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and credit purposes and i would never
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deviate from those
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that's another really good answer the
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next question
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what is meant by the term interest
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coverage
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ratio now again your understanding of
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terminology and processes
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will form a part of your credit analyst
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interview
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and when answering questions of this
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nature show you have a thorough
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understanding of the subject that is
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being assessed
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here's a sample answer to assist you
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what is meant
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by the term interest coverage ratio
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the interest coverage ratio is the
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ability of a company
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to pay interest with its available
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earnings
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we calculate the ratio by dividing a
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company's earnings before
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interest and taxes by the interest
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expenses for the same period
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so for example if a business's earnings
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before
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interest and taxes amounts to one
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hundred thousand dollars
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and the repayments are twenty thousand
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dollars the interest coverage ratio is
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five
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a higher ratio is more acceptable from a
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risk perspective
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and anything lower than a two would not
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normally be acceptable in my experience
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obviously each financial organization
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has a different
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approach to interest coverage ratio
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based on their appetite for risk
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and also the five c's which i discussed
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earlier
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so that shows that you thoroughly
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understand what the term means
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and how it is applied in a credit
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analysis
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sorry analyst situation so the next
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thing to do is make sure you click that
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link in the top right hand corner of the
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video it takes you through
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to my website here which is called pass
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my interview dot com
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and you can download my full set of 26
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credit analyst interview question so you
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can have a look at all of the questions
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there
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which is great so if you scroll down to
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the bottom
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there are also some tips on the page and
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if you click the link then you will be
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able to get a copy of those
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so make sure you check it out please
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subscribe so you don't miss out make
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sure you hit the like button as well
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thank you very much for watching and i
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wish you all the best for passing your
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credit
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analyst interview have a brilliant day
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