Will “Credit and Collections Analyst” be Replaced By Robots? 🤔
100 % Chance of Automation
“Credit and Collections Analyst” will definitely be replaced by robots.
This job is ranked #677 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.
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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 and Collections Analyst”
- Generate financial ratios, using computer programs, to evaluate customers' financial status.
- 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.
- Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
- Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Consult with customers to resolve complaints and verify financial and credit transactions.
- Confer with credit association and other business representatives to exchange credit information.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans.
Related Technology & Tools
- Personal computers
- Desktop computers
- 10-key calculators
- Scanners
- Notebook computers
- Microsoft Excel
- Dun and Bradstreet Global DecisionMaker
- Credit fraud detection software
- Equifax Advanced Decisioning
- Experian FraudShield
- Fair Isaac Application Risk Model Software
- Structured query language SQL
- CGI-AMS BureauLink Enterprise
- Experian Strategy Management
- Equifax InterConnect
- Microsoft Word
- Moody's KMV Decisions
- Moody's KMV Risk Analyst
- Credit adjudication and lending management system CALMS
- CGI-AMS CACS Enterprise
- Experian Quest
- Credit and risk analysis software
- Experian Detect
- Experian Credinomics
- Moody's KMV CreditEdge
- Fair Isaac Capstone Decision Manager
- CGI-AMS Strata
- Equifax Application Engine
- Moody's KMV Financial Analyst
- eCredit Enterprise
- Moody's KMV Risk Advisor
- Microsoft PowerPoint
- Experian Transact SM
- SAS
- SAP
- Fair Isaac Falcon ID
- Oracle JD Edwards EnterpriseOne
- Microsoft Office
- Experian Retention Triggers