Will “Credit Analyst” be Replaced By Robots? 🤔
100 % Chance of Automation
“Credit Analyst” will definitely be replaced by robots.
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Job Description
Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.
Job Details
- The SOC (Standard Occupational Classification) code is 13-2041.00
- The Mean Annual Wage in the U.S. is $ 81,160.00
- The Mean Hourly Wage is $ 39.00
- Currently, there are 72,930 people on this job
☝️ Information based on the reference occupation “Credit Analysts”.
Also Known As…
- Credit Analysts
- Underwriter
- Risk Analyst
- Credit Risk Analyst
- Credit Representative
- Credit Manager
- Credit and Collections Analyst
- Credit Analyst
- Credit Administrator
- Analyst
- Loan Review Analyst
- Loan Officer
- Financing Analyst
- Financial Analyst
- Factorer
- Escrow Representative
- Credit Specialist
- Credit Negotiator
- Credit Assessment Analyst
Tasks for “Credit Analyst”
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
- Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Review individual or commercial customer files to identify and select delinquent accounts for collection.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- Confer with credit association and other business representatives to exchange credit information.
Related Technology & Tools
- 10-key calculators
- Desktop computers
- Personal computers
- Scanners
- Notebook computers
- CGI-AMS BureauLink Enterprise
- Dun and Bradstreet Global DecisionMaker
- Moody's KMV Decisions
- Moody's KMV Financial Analyst
- Equifax Application Engine
- SAS
- Microsoft PowerPoint
- Experian FraudShield
- Experian Retention Triggers
- Equifax InterConnect
- CGI-AMS Strata
- Experian Transact SM
- Experian Detect
- Fair Isaac Falcon ID
- Experian Strategy Management
- Microsoft Word
- Moody's KMV Risk Advisor
- Fair Isaac Application Risk Model Software
- SAP
- Moody's KMV CreditEdge
- Moody's KMV Risk Analyst
- Credit and risk analysis software
- Microsoft Excel
- Structured query language SQL
- Oracle JD Edwards EnterpriseOne
- eCredit Enterprise
- Credit adjudication and lending management system CALMS
- Equifax Advanced Decisioning
- Microsoft Office
- Experian Quest
- CGI-AMS CACS Enterprise
- Fair Isaac Capstone Decision Manager
- Credit fraud detection software
- Experian Credinomics